Mawer Investment Management Ltd. Sells 235,911 Shares of TriNet Group, Inc. (NYSE:TNET)

Mawer Investment Management Ltd. lowered its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 6.5% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 3,417,686 shares of the business services provider's stock after selling 235,911 shares during the period. TriNet Group makes up 1.4% of Mawer Investment Management Ltd.'s portfolio, making the stock its 21st largest holding. Mawer Investment Management Ltd. owned 6.89% of TriNet Group worth $310,223,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. FMR LLC boosted its position in shares of TriNet Group by 38.5% in the third quarter. FMR LLC now owns 9,017 shares of the business services provider's stock valued at $874,000 after acquiring an additional 2,506 shares during the period. FORA Capital LLC acquired a new position in shares of TriNet Group during the 3rd quarter worth approximately $441,000. Captrust Financial Advisors grew its position in shares of TriNet Group by 22.9% during the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider's stock worth $316,000 after purchasing an additional 608 shares in the last quarter. Verition Fund Management LLC increased its holdings in shares of TriNet Group by 75.5% during the third quarter. Verition Fund Management LLC now owns 7,535 shares of the business services provider's stock worth $731,000 after purchasing an additional 3,241 shares during the period. Finally, Point72 Hong Kong Ltd raised its position in shares of TriNet Group by 49.9% in the third quarter. Point72 Hong Kong Ltd now owns 21,322 shares of the business services provider's stock valued at $2,068,000 after buying an additional 7,095 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

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Insider Activity at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the firm'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 $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the business's stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total transaction of $697,212.88. Following the completion of the sale, the chief technology officer now directly owns 21,769 shares in the company, valued at approximately $1,949,849.33. This represents a 26.34 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,748 shares of company stock valued at $833,436 in the last 90 days. 37.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts have commented on TNET shares. Needham & Company LLC restated 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 dropped their price target for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th.

TriNet Group Price Performance

NYSE:TNET traded down $2.91 during trading hours on Thursday, hitting $76.63. The company's stock had a trading volume of 104,907 shares, compared to its average volume of 364,457. 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 company has a market capitalization of $3.80 billion, a P/E ratio of 22.41 and a beta of 1.26. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $134.67. The stock has a fifty day simple moving average of $80.63 and a 200-day simple moving average of $88.49.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly 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. The company had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.44%. This is a boost from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. TriNet Group's dividend payout ratio is presently 32.16%.

TriNet Group Company 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.