Chase Investment Counsel Corp Lowers Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Chase Investment Counsel Corp decreased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 10.4% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 12,000 shares of the business services provider’s stock after selling 1,400 shares during the period. Chase Investment Counsel Corp’s holdings in TriNet Group were worth $1,089,000 at the end of the most recent reporting period.

Other large investors have also added to or reduced their stakes in the company. TD Private Client Wealth LLC raised its position in TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 121 shares in the last quarter. IFP Advisors Inc raised its position in TriNet Group by 45.5% during the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 240 shares in the last quarter. KBC Group NV raised its position in TriNet Group by 26.5% during the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares in the last quarter. Avion Wealth raised its position in TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 140 shares in the last quarter. Finally, Janney Montgomery Scott LLC purchased a new stake in TriNet Group during the fourth quarter valued at about $230,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the sale, the director now directly owns 36,991 shares of the company’s stock, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,748 shares of company stock valued at $833,436 over the last ninety days. 37.10% of the stock is owned by insiders.

TriNet Group Stock Up 0.7 %

TNET opened at $73.71 on Friday. The company has a market cap of $3.65 billion, a P/E ratio of 21.55 and a beta of 1.21. The business’s 50-day moving average price is $87.15 and its 200-day moving average price is $91.92. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $134.67.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. On average, equities analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were paid a $0.25 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. TriNet Group’s payout ratio is presently 29.24%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on TNET. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Friday, February 14th. TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

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.