Short Interest in TriNet Group, Inc. (NYSE:TNET) Decreases By 17.9%

TriNet Group, Inc. (NYSE:TNET) was the target of a significant decrease in short interest during the month of February. As of February 28th, there was short interest totalling 1,470,000 shares, a decrease of 17.9% from the February 13th total of 1,790,000 shares. Approximately 3.1% of the company’s shares are sold short. Based on an average daily volume of 412,700 shares, the short-interest ratio is presently 3.6 days.

TriNet Group Price Performance

Shares of TNET traded up $1.86 during trading hours on Tuesday, reaching $79.64. The stock had a trading volume of 497,858 shares, compared to its average volume of 332,272. TriNet Group has a 12 month low of $65.43 and a 12 month high of $134.67. The stock has a market capitalization of $3.94 billion, a PE ratio of 23.29 and a beta of 1.26. 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’s 50-day moving average is $83.61 and its two-hundred day moving average is $89.98.

TriNet Group (NYSE:TNET) last issued 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. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. Research analysts expect that TriNet Group will post 3.04 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on the company. TD Cowen lowered TriNet Group from a “buy” rating to a “hold” rating and cut their price target for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock in a transaction on Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the transaction, the chief technology officer now owns 21,769 shares of the company’s stock, valued at approximately $1,949,849.33. The trade was a 26.34 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 9,748 shares of company stock valued at $833,436 over the last three months. Insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

Several large investors have recently added to or reduced their stakes in the business. TD Private Client Wealth LLC lifted its position in shares of TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after buying an additional 121 shares in the last quarter. LRI Investments LLC raised its holdings in TriNet Group by 643.8% during the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 573 shares during the period. IFP Advisors Inc raised its holdings in TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 240 shares during the period. KBC Group NV raised its holdings in TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 199 shares during the period. Finally, Avion Wealth raised its holdings in TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 140 shares during the period. Institutional investors own 96.81% of the company’s stock.

About TriNet Group

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.