Landscape Capital Management L.L.C. Sells 5,926 Shares of TriNet Group, Inc. (NYSE:TNET)

Landscape Capital Management L.L.C. decreased its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 10.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 48,276 shares of the business services provider's stock after selling 5,926 shares during the quarter. Landscape Capital Management L.L.C. owned approximately 0.10% of TriNet Group worth $4,382,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. JPMorgan Chase & Co. raised its holdings in TriNet Group by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock worth $37,366,000 after purchasing an additional 39,351 shares during the period. Tidal Investments LLC increased its position in TriNet Group by 5.4% in the third quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock worth $495,000 after buying an additional 263 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of TriNet Group by 16.2% in the third 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. Vanguard Group Inc. lifted its position in shares of TriNet Group by 1.2% during the 4th quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock valued at $271,585,000 after buying an additional 36,216 shares in the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of TriNet Group by 4.2% during the 4th quarter. Nordea Investment Management AB now owns 160,991 shares of the business services provider's stock valued at $14,732,000 after acquiring an additional 6,420 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

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Analyst Upgrades and Downgrades

TNET has been the topic of several analyst reports. 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 lowered their target price for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction dated 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 transaction, the director now directly owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the 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 in the company, valued at $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. Over the last quarter, insiders sold 9,748 shares of company stock worth $833,436. Corporate insiders own 37.10% of the company's stock.

TriNet Group Price Performance

TNET traded down $0.15 during trading on Wednesday, reaching $72.53. 319,687 shares of the company traded hands, compared to its average volume of 369,874. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a fifty day simple moving average of $78.56 and a 200 day simple moving average of $87.66. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $131.27. The company has a market cap of $3.59 billion, a P/E ratio of 21.18 and a beta of 1.06.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to analysts' expectations 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 forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a $0.275 dividend. This is an increase from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.52%. TriNet Group's dividend payout ratio (DPR) is presently 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.