Insider Selling: TriNet Group, Inc. (NYSE:TNET) CTO Sells 1,813 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,813 shares of the firm’s stock in a transaction on Friday, November 22nd. The shares were sold at an average price of $92.74, for a total transaction of $168,137.62. Following the transaction, the chief technology officer now directly owns 36,951 shares of the company’s stock, valued at $3,426,835.74. The trade was a 4.68 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

TriNet Group Price Performance

Shares of NYSE TNET opened at $92.86 on Wednesday. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67. The firm has a fifty day simple moving average of $93.25 and a 200 day simple moving average of $98.63. The company has a market capitalization of $4.60 billion, a PE ratio of 17.89 and a beta of 1.20. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group’s dividend payout ratio is presently 19.27%.

Hedge Funds Weigh In On TriNet Group

A number of hedge funds have recently bought and sold shares of TNET. Vanguard Group Inc. raised its stake in TriNet Group by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock worth $376,053,000 after buying an additional 52,240 shares during the last quarter. CANADA LIFE ASSURANCE Co increased its stake in TriNet Group by 2.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 28,226 shares of the business services provider’s stock valued at $3,746,000 after purchasing an additional 778 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in TriNet Group by 960.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock valued at $31,269,000 after purchasing an additional 213,752 shares in the last quarter. LRI Investments LLC bought a new stake in TriNet Group in the first quarter valued at $81,000. Finally, Boston Partners increased its stake in TriNet Group by 20.8% in the first quarter. Boston Partners now owns 108,157 shares of the business services provider’s stock valued at $14,319,000 after purchasing an additional 18,586 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Analyst Upgrades and Downgrades

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