TriNet Group, Inc. (NYSE:TNET) Shares Sold by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP cut its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 45.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 40,136 shares of the business services provider's stock after selling 33,846 shares during the quarter. Advantage Alpha Capital Partners LP owned about 0.08% of TriNet Group worth $3,643,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. TD Private Client Wealth LLC grew its holdings in shares of 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 worth $58,000 after buying an additional 121 shares during the last quarter. IFP Advisors Inc lifted its position in TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after acquiring an additional 240 shares during the period. Avion Wealth grew its stake in shares of TriNet Group by 14.9% in the 4th 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 during the last quarter. KBC Group NV increased its holdings in shares of TriNet Group by 43.7% in the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock valued at $124,000 after purchasing an additional 415 shares during the period. Finally, PNC Financial Services Group Inc. increased its holdings in shares of TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after purchasing an additional 785 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

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Insiders Place Their Bets

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of the business's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now owns 19,867 shares of the company's stock, valued at $1,377,975.12. The trade was a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares of the company's stock, valued at $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,748 shares of company stock worth $833,436. 37.10% of the stock is owned by company insiders.

TriNet Group Stock Performance

Shares of TNET stock traded down $1.86 during trading hours on Friday, reaching $79.04. 236,500 shares of the company's stock were exchanged, compared to its average volume of 364,439. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $134.67. The company has a market cap of $3.91 billion, a P/E ratio of 23.11 and a beta of 1.26. The company's 50 day moving average is $81.44 and its two-hundred day moving average is $88.89.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. The company had revenue of $252.00 million during 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%. Equities research analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.39%. This is an increase from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's payout ratio is currently 32.16%.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TNET shares. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

TriNet Group 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.