Insider Selling: TriNet Group, Inc. (NYSE:TNET) CTO Sells 7,784 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 7,784 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the sale, the chief technology officer now owns 21,769 shares of the company’s stock, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their position. The sale was disclosed in a document filed 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 transaction 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 transaction of $168,137.62.

TriNet Group Trading Up 1.3 %

Shares of TNET stock traded up $1.17 during trading hours on Wednesday, reaching $93.04. 182,515 shares of the stock traded hands, compared to its average volume of 233,357. The business has a fifty day moving average price of $92.22 and a 200 day moving average price of $95.62. TriNet Group, Inc. has a 1-year low of $74.32 and a 1-year high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The firm has a market capitalization of $4.61 billion, a PE ratio of 17.93 and a beta of 1.21.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be given a $0.25 dividend. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Massachusetts Financial Services Co. MA grew its stake in TriNet Group by 32.2% during the 3rd 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 acquiring an additional 391,720 shares in the last quarter. Wellington Management Group LLP grew its position in TriNet Group by 16.2% during the third quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock valued at $128,169,000 after purchasing an additional 184,186 shares in the last quarter. Earnest Partners LLC grew its position in 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 purchasing an additional 16,708 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in TriNet Group by 1.2% in the 2nd 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 position in TriNet Group by 41.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock worth $53,373,000 after buying an additional 162,578 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. JPMorgan Chase & Co. restated 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 lowered 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. Finally, TD Cowen boosted their target price on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. One 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target 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.