Quantbot Technologies LP Decreases Stake in TriNet Group, Inc. (NYSE:TNET)

Quantbot Technologies LP cut its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 40.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 21,180 shares of the business services provider's stock after selling 14,579 shares during the quarter. Quantbot Technologies LP's holdings in TriNet Group were worth $1,923,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. TD Private Client Wealth LLC lifted its stake in TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock worth $58,000 after acquiring an additional 121 shares during the period. IFP Advisors Inc lifted its position in shares of TriNet Group by 45.5% in the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after purchasing an additional 240 shares during the period. Avion Wealth boosted its stake in shares of TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after purchasing an additional 140 shares in the last quarter. KBC Group NV increased its position in shares of TriNet Group by 43.7% during the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock valued at $124,000 after buying an additional 415 shares during the period. Finally, PNC Financial Services Group Inc. raised its stake in TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock worth $131,000 after buying an additional 785 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

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Insider Transactions at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction dated Tuesday, February 25th. The shares were 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 owns 19,867 shares of the company's stock, valued at $1,377,975.12. This represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the business'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 sale, the director now owns 36,991 shares of the company's stock, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,748 shares of company stock worth $833,436 over the last quarter. 37.10% of the stock is currently owned by insiders.

TriNet Group Stock Up 2.2 %

Shares of NYSE:TNET traded up $1.75 on Thursday, hitting $80.85. 289,478 shares of the company traded hands, compared to its average volume of 341,480. The company has a market cap of $4.00 billion, a PE ratio of 23.64 and a beta of 1.26. The stock has a 50 day simple moving average of $81.90 and a 200-day simple moving average of $89.04. TriNet Group, Inc. has a 52 week low of $65.43 and a 52 week high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16.

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

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be issued a $0.275 dividend. This is a positive change 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 1.36%. TriNet Group's dividend payout ratio (DPR) is presently 32.16%.

Wall Street Analyst Weigh In

A number of research analysts have weighed in on the company. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th.

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.