Advantage Alpha Capital Partners LP Decreases Holdings in TriNet Group, Inc. (NYSE:TNET)

Advantage Alpha Capital Partners LP lowered its position in TriNet Group, Inc. (NYSE:TNET) by 45.7% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 40,136 shares of the business services provider’s stock after selling 33,846 shares during the period. Advantage Alpha Capital Partners LP owned 0.08% of TriNet Group worth $3,643,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Intech Investment Management LLC purchased a new stake in TriNet Group in the 3rd quarter valued at about $817,000. Massachusetts Financial Services Co. MA lifted its position in shares of TriNet Group by 32.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock worth $156,018,000 after purchasing an additional 391,720 shares during the last quarter. Dynamic Technology Lab Private Ltd lifted its stake in TriNet Group by 19.0% during the third quarter. Dynamic Technology Lab Private Ltd now owns 13,902 shares of the business services provider’s stock worth $1,348,000 after purchasing an additional 2,221 shares during the last quarter. FMR LLC boosted its holdings in shares of TriNet Group by 38.5% in the 3rd quarter. FMR LLC now owns 9,017 shares of the business services provider’s stock valued at $874,000 after buying an additional 2,506 shares in the last quarter. Finally, Blueshift Asset Management LLC purchased a new stake in shares of TriNet Group in the 3rd quarter valued at about $462,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Price Performance

Shares of NYSE TNET opened at $76.67 on Monday. The business’s fifty day moving average price is $82.68 and its two-hundred day moving average price is $89.34. The firm has a market capitalization of $3.80 billion, a PE ratio of 22.42 and a beta of 1.26. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $134.67.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $225.72 million. On average, research analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.43%. The ex-dividend date is Tuesday, April 1st. This is a boost from TriNet Group’s previous quarterly dividend of $0.25. TriNet Group’s payout ratio is 32.16%.

Wall Street Analysts Forecast Growth

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

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group 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 sale, the director now owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group 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 sale, the chief technology officer now owns 19,867 shares in the company, valued at approximately $1,377,975.12. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,748 shares of company stock worth $833,436 in the last quarter. 37.10% of the stock is currently owned by corporate 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.