Insider Selling: TriNet Group, Inc. (NYSE:TNET) CTO Sells $697,212.88 in Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total transaction of $697,212.88. Following the transaction, the chief technology officer now owns 21,769 shares in the company, valued at $1,949,849.33. This represents a 26.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Jeffery Jon Hayward also recently made the following trade(s):

• On Friday, November 29th, Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock. The stock was sold at an average price of $93.03, for a total value of $218,155.35.
• On Friday, November 22nd, Jeffery Jon Hayward sold 1,813 shares of TriNet Group stock. The shares were sold at an average price of $92.74, for a total value of $168,137.62.

TriNet Group Stock Down 1.9 %

NYSE:TNET opened at $90.49 on Friday. The stock has a fifty day simple moving average of $92.15 and a 200-day simple moving average of $95.52. 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 company has a market cap of $4.49 billion, a price-to-earnings ratio of 17.43 and a beta of 1.21. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a $0.25 dividend. The ex-dividend date is Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.11%. TriNet Group’s dividend payout ratio (DPR) is 19.27%.

Hedge Funds Weigh In On TriNet Group

A number of hedge funds have recently added to or reduced their stakes in TNET. Massachusetts Financial Services Co. MA boosted its holdings in shares of TriNet Group by 32.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock valued at $156,018,000 after purchasing an additional 391,720 shares during the period. Wellington Management Group LLP lifted its holdings in shares of TriNet Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock worth $128,169,000 after buying an additional 184,186 shares during the period. Earnest Partners LLC increased its stake in shares of TriNet Group by 1.9% during the second quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider’s stock valued at $91,504,000 after buying an additional 16,708 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of TriNet Group by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider’s stock valued at $82,304,000 after buying an additional 9,386 shares during the period. Finally, Jacobs Levy Equity Management Inc. lifted its stake in TriNet Group by 41.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock worth $53,373,000 after acquiring an additional 162,578 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

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

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.