TriNet Group, Inc. (NYSE:TNET) CTO Sells $94,607.04 in Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,364 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Jeffery Jon Hayward also recently made the following trade(s):

• On Monday, January 13th, Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88.
• On Friday, November 29th, Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35.

TriNet Group Stock Performance

Shares of TNET opened at $73.71 on Friday. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $3.65 billion, a price-to-earnings ratio of 21.55 and a beta of 1.21. The company’s 50 day simple moving average is $87.15 and its 200 day simple moving average is $91.92. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $134.67.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, sell-side analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date of this dividend was Thursday, January 2nd. TriNet Group’s dividend payout ratio is currently 29.24%.

Hedge Funds Weigh In On TriNet Group

Large investors have recently bought and sold shares of the stock. JPMorgan Chase & Co. raised its stake in TriNet Group by 11.4% during the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock worth $37,366,000 after purchasing an additional 39,351 shares during the period. Summit Global Investments acquired a new stake in shares of TriNet Group in the third quarter worth $605,000. US Bancorp DE increased its position in shares of TriNet Group by 9,893.1% in the third quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock worth $698,000 after acquiring an additional 7,123 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in shares of TriNet Group by 32.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock worth $156,018,000 after acquiring an additional 391,720 shares in the last quarter. Finally, Simcoe Capital Management LLC acquired a new stake in shares of TriNet Group in the third quarter worth $16,966,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

TNET has been the topic of several recent analyst reports. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and reduced their price objective for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research note on Friday, February 14th.

TriNet Group Company 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.