TriNet Group, Inc. (NYSE:TNET) Director Sells $41,616.00 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction dated 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 directly owns 36,991 shares in the company, valued at $2,565,695.76. This represents a 1.60 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

TriNet Group Stock Performance

TNET opened at $73.71 on Friday. The business’s 50 day moving average is $87.15 and its 200-day moving average is $91.92. The stock has a market cap of $3.65 billion, a PE ratio of 21.55 and a beta of 1.21. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67.

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

TriNet Group Dividend Announcement

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

Institutional Investors Weigh In On TriNet Group

Hedge funds have recently made changes to their positions in the business. TD Private Client Wealth LLC raised its holdings in shares of TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after buying an additional 121 shares during the last quarter. LRI Investments LLC increased its stake in shares of TriNet Group by 643.8% during the fourth 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 increased its stake in shares of TriNet Group by 45.5% during the fourth 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 increased its stake in shares of TriNet Group by 26.5% during the third 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 increased its stake in shares of TriNet Group by 14.9% during the fourth 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.

Analyst Ratings Changes

A number of brokerages have issued reports on TNET. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a report on Friday, February 14th. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and cut their target price for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

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.