Landscape Capital Management L.L.C. Reduces Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Landscape Capital Management L.L.C. trimmed its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 11.1% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 54,202 shares of the business services provider’s stock after selling 6,777 shares during the quarter. TriNet Group makes up about 0.5% of Landscape Capital Management L.L.C.’s investment portfolio, making the stock its 29th largest holding. Landscape Capital Management L.L.C.’s holdings in TriNet Group were worth $5,256,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of TNET. Blue Trust Inc. lifted its stake in shares of TriNet Group by 24.9% during the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after buying an additional 104 shares in the last quarter. Avion Wealth increased its position in TriNet Group by 19.2% in the second quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after purchasing an additional 129 shares during the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of TriNet Group by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock valued at $822,000 after acquiring an additional 142 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its holdings in shares of TriNet Group by 2.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 7,163 shares of the business services provider’s stock worth $716,000 after purchasing an additional 156 shares during the period. Finally, Arizona State Retirement System lifted its position in TriNet Group by 2.0% in the second quarter. Arizona State Retirement System now owns 9,203 shares of the business services provider’s stock worth $920,000 after buying an additional 180 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Stock Up 5.8 %

Shares of NYSE TNET opened at $94.24 on Thursday. TriNet Group, Inc. has a 12-month low of $74.32 and a 12-month high of $134.67. The stock’s fifty day simple moving average is $93.60 and its two-hundred day simple moving average is $98.98. The stock has a market capitalization of $4.67 billion, a PE ratio of 18.16 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were paid a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Wall Street Analyst Weigh In

TNET has been the subject of several analyst reports. Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target for the company. in a research note on Monday, October 28th. TD Cowen boosted their price objective on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. According to MarketBeat, TriNet Group presently has a consensus rating of “Hold” and an average price target of $117.00.

Insider Buying and Selling at TriNet Group

In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the transaction, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at $8,484,830.64. This represents a 5.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction dated Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the sale, the director now directly owns 37,591 shares of the company’s stock, valued at $3,241,471.93. This trade represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is owned by insiders.

TriNet Group Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.