GSA Capital Partners LLP Sells 12,129 Shares of TriNet Group, Inc. (NYSE:TNET)

GSA Capital Partners LLP lowered its holdings in TriNet Group, Inc. (NYSE:TNET) by 41.4% during the third quarter, HoldingsChannel.com reports. The fund owned 17,139 shares of the business services provider’s stock after selling 12,129 shares during the period. GSA Capital Partners LLP’s holdings in TriNet Group were worth $1,662,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in TriNet Group in the second quarter valued at about $45,000. Blue Trust Inc. increased its stake in TriNet Group by 24.9% in the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 104 shares during the period. LRI Investments LLC bought a new stake in TriNet Group in the first quarter valued at about $81,000. Avion Wealth increased its stake in TriNet Group by 19.2% in the second quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 129 shares during the period. Finally, Headlands Technologies LLC acquired a new position in TriNet Group in the second quarter valued at about $93,000. Institutional investors own 96.81% of the company’s stock.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total transaction of $32,336.25. Following the transaction, the director now directly owns 37,591 shares in the company, valued at approximately $3,241,471.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the transaction, the director now directly owns 37,591 shares in the company, valued at $3,241,471.93. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TNET. TD Cowen reduced their price target on shares of TriNet Group from $110.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday, October 28th. Needham & Company LLC lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $114.00.

TriNet Group Price Performance

Shares of TNET stock opened at $95.82 on Wednesday. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67. The firm’s 50 day moving average is $94.00 and its 200-day moving average is $99.37. The firm has a market capitalization of $4.75 billion, a price-to-earnings ratio of 18.46 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 Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. TriNet Group’s payout ratio is 19.27%.

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.