TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward Sells 1,813 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,813 shares of the stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $92.74, for a total transaction of $168,137.62. Following the completion of the transaction, the chief technology officer now directly owns 36,951 shares in the company, valued at approximately $3,426,835.74. This represents a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TriNet Group Stock Performance

NYSE TNET opened at $92.86 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. The firm has a market capitalization of $4.60 billion, a price-to-earnings ratio of 17.89 and a beta of 1.20. The firm’s 50 day simple moving average is $93.25 and its 200 day simple moving average is $98.63. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors 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 annualized dividend and a dividend yield of 1.08%. TriNet Group’s dividend payout ratio is 19.27%.

Institutional Trading of TriNet Group

Several large investors have recently made changes to their positions in the company. Rothschild Investment LLC acquired a new stake in TriNet Group in the second quarter valued at approximately $45,000. Blue Trust Inc. boosted its position 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 buying an additional 104 shares in the last quarter. TD Private Client Wealth LLC boosted its position in TriNet Group by 25.5% in 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 in the last quarter. Avion Wealth boosted its position 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 buying an additional 129 shares in the last quarter. Finally, LRI Investments LLC acquired a new stake in TriNet Group in the first quarter valued at approximately $81,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on TNET. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a report on Tuesday, October 22nd. Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Monday, October 28th. Finally, TD Cowen raised their target price on shares of TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, TriNet Group presently has a consensus rating of “Hold” and an average target price of $117.00.

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.