TriNet Group, Inc. (NYSE:TNET) Director Sells $32,336.25 in Stock

TriNet Group, Inc. (NYSE:TNET - Get Free Report) Director Paul Edward Chamberlain sold 375 shares of the company's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the transaction, the director now owns 37,591 shares in the company, valued at approximately $3,241,471.93. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link.

TriNet Group Price Performance

Shares of NYSE TNET traded down $0.86 during trading hours on Friday, hitting $84.03. 417,202 shares of the stock were exchanged, compared to its average volume of 437,210. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.04 and a current ratio of 1.07. The company has a market cap of $4.17 billion, a PE ratio of 16.19 and a beta of 1.20. The company's fifty day simple moving average is $95.46 and its two-hundred day simple moving average is $101.19. TriNet Group, Inc. has a 1-year low of $74.32 and a 1-year high of $134.67.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were given a dividend of $0.25 per share. The ex-dividend date was Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.19%. TriNet Group's dividend payout ratio is 19.27%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on TNET shares. TD Cowen decreased their target price on shares of TriNet Group from $110.00 to $92.00 and set a "buy" rating on the stock in a research report on Monday, October 28th. Needham & Company LLC lowered shares of TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 target price on the stock. in a research report on Monday, October 28th. Finally, JPMorgan Chase & Co. restated an "underweight" rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. According to MarketBeat.com, TriNet Group currently has a consensus rating of "Hold" and an average target price of $113.20.

Institutional Trading of TriNet Group

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of TriNet Group by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider's stock worth $376,053,000 after acquiring an additional 52,240 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in TriNet Group by 9.3% in the 2nd 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 last quarter. Jane Street Group LLC lifted its stake in TriNet Group by 67.7% in the 1st quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider's stock valued at $152,354,000 after purchasing an additional 464,289 shares during the last quarter. Earnest Partners LLC lifted its stake in TriNet Group by 1.9% in the 2nd quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider's stock valued at $91,504,000 after purchasing an additional 16,708 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its stake in TriNet Group by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider's stock valued at $82,304,000 after purchasing an additional 9,386 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

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.