Emerald Advisers LLC Lowers Stock Position in TriNet Group, Inc. (NYSE:TNET)

Emerald Advisers LLC lowered its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 83.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 40,779 shares of the business services provider's stock after selling 212,040 shares during the period. Emerald Advisers LLC owned about 0.08% of TriNet Group worth $3,702,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in TNET. Wealthfront Advisers LLC bought a new position in shares of TriNet Group during the fourth quarter valued at about $456,581,000. Massachusetts Financial Services Co. MA increased its holdings 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 purchasing an additional 391,720 shares during the period. American Century Companies Inc. raised its position in TriNet Group by 1,131.0% during the 4th quarter. American Century Companies Inc. now owns 302,947 shares of the business services provider's stock valued at $27,498,000 after purchasing an additional 278,338 shares during the last quarter. Wellington Management Group LLP lifted its holdings in TriNet Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider's stock worth $128,169,000 after buying an additional 184,186 shares during the period. Finally, Simcoe Capital Management LLC purchased a new stake in TriNet Group in the 3rd quarter worth approximately $16,966,000. Institutional investors own 96.81% of the company's stock.

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Wall Street Analyst Weigh In

TNET has been the subject of a number of recent analyst reports. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen lowered TriNet Group from a "buy" rating to a "hold" rating and decreased their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

TriNet Group Stock Down 2.3 %

NYSE TNET traded down $1.86 during trading hours on Friday, reaching $79.04. 236,500 shares of the company's stock traded hands, compared to its average volume of 364,439. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $134.67. 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 firm has a 50-day simple moving average of $81.44 and a 200 day simple moving average of $88.89. The firm has a market cap of $3.91 billion, a PE ratio of 23.11 and a beta of 1.26.

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

TriNet Group Increases Dividend

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

Insider Transactions at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the company'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 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 approximately $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,748 shares of company stock worth $833,436. Corporate insiders own 37.10% of the company's stock.

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.