AlphaQuest LLC Decreases Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

AlphaQuest LLC cut its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 95.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 337 shares of the business services provider's stock after selling 7,746 shares during the period. AlphaQuest LLC's holdings in TriNet Group were worth $31,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in TNET. TD Private Client Wealth LLC grew its position 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 valued at $58,000 after purchasing an additional 121 shares in the last quarter. IFP Advisors Inc boosted its stake 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 buying an additional 240 shares during the last quarter. KBC Group NV grew its holdings in TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider's stock valued at $92,000 after buying an additional 199 shares in the last quarter. Avion Wealth increased its stake in TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after acquiring an additional 140 shares during the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in shares of TriNet Group by 118.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock worth $131,000 after acquiring an additional 785 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

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Insider Activity at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. This trade represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,748 shares of company stock worth $833,436 in the last 90 days. 37.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TNET has been the topic of a number of recent research reports. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and cut their target price for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th.

TriNet Group Trading Down 1.5 %

Shares of TNET traded down $1.22 during mid-day trading on Tuesday, reaching $78.51. 382,894 shares of the company's stock traded hands, compared to its average volume of 340,187. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The stock's 50-day moving average is $82.44 and its two-hundred day moving average is $89.22. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $134.67. The stock has a market cap of $3.89 billion, a P/E ratio of 22.96 and a beta of 1.26.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. Research analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.40%. The ex-dividend date is Tuesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is currently 32.16%.

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.