TriNet Group, Inc. (NYSE:TNET) Shares Sold by GSA Capital Partners LLP

GSA Capital Partners LLP reduced its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 41.4% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 17,139 shares of the business services provider's stock after selling 12,129 shares during the period. GSA Capital Partners LLP's holdings in TriNet Group were worth $1,662,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in TNET. Vanguard Group Inc. increased its position in shares of TriNet Group by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider's stock valued at $376,053,000 after buying an additional 52,240 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of TriNet Group by 9.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider's stock valued at $121,721,000 after purchasing an additional 103,809 shares during the period. Jane Street Group LLC boosted its position in TriNet Group by 67.7% in the first quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider's stock worth $152,354,000 after purchasing an additional 464,289 shares during the last quarter. Earnest Partners LLC raised its stake in shares of TriNet Group by 1.9% in the second quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider's stock worth $91,504,000 after buying an additional 16,708 shares during the period. Finally, Dimensional Fund Advisors LP raised its stake in shares of TriNet Group by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider's stock worth $82,304,000 after buying an additional 9,386 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the transaction, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, Director Paul Edward Chamberlain sold 375 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the sale, the director now owns 37,591 shares in the company, valued at $3,241,471.93. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the company's stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the sale, the chief financial officer now directly owns 82,409 shares in the company, valued at approximately $8,484,830.64. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on TNET shares. TD Cowen decreased their target price on TriNet Group from $110.00 to $92.00 and set a "buy" rating on the stock in a research note on Monday, October 28th. JPMorgan Chase & Co. reaffirmed an "underweight" rating and issued a $103.00 price objective on shares of TriNet Group in a research note on Tuesday, October 22nd. Finally, Needham & Company LLC downgraded TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 price objective on the stock. in a research note on Monday, October 28th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $114.00.

TriNet Group Price Performance

Shares of NYSE:TNET traded up $1.43 during midday trading on Wednesday, hitting $97.25. The company had a trading volume of 354,932 shares, compared to its average volume of 299,890. TriNet Group, Inc. has a twelve month low of $74.32 and a twelve month high of $134.67. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market cap of $4.82 billion, a price-to-earnings ratio of 18.73 and a beta of 1.20. The business's 50-day simple moving average is $93.92 and its 200-day simple moving average is $99.30.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were given a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.03%. TriNet Group's payout ratio is 19.27%.

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.