Insider Selling: TriNet Group, Inc. (NYSE:TNET) CTO Sells 1,364 Shares of Stock

TriNet Group, Inc. (NYSE:TNET - Get Free Report) CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. This represents a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Jeffery Jon Hayward also recently made the following trade(s):

• On Monday, January 13th, Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock. The shares were sold at an average price of $89.57, for a total value of $697,212.88.
• On Friday, November 29th, Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock. The shares were sold at an average price of $93.03, for a total value of $218,155.35.

TriNet Group Price Performance

TriNet Group stock traded down $1.06 during midday trading on Monday, reaching $72.65. The company's stock had a trading volume of 490,617 shares, compared to its average volume of 421,440. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a market cap of $3.60 billion, a PE ratio of 21.24 and a beta of 1.21. TriNet Group, Inc. has a 52 week low of $65.43 and a 52 week high of $134.67. The business has a 50-day moving average price of $87.15 and a 200-day moving average price of $91.91.

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TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The business had revenue of $252.00 million during the quarter, compared to analysts' expectations of $225.72 million. On average, sell-side analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.38%. TriNet Group's dividend payout ratio is currently 29.24%.

Hedge Funds Weigh In On TriNet Group

Several large investors have recently bought and sold shares of TNET. Wealthfront Advisers LLC bought a new position in TriNet Group in the 4th quarter valued at approximately $456,581,000. Vanguard Group Inc. increased its position in TriNet Group by 1.2% in 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 acquiring an additional 36,216 shares during the period. Capital Research Global Investors increased its position in TriNet Group by 98.2% in the 4th quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock valued at $256,229,000 after acquiring an additional 1,398,573 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in shares of TriNet Group by 18.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock worth $172,282,000 after purchasing an additional 289,071 shares during the period. Finally, Wellington Management Group LLP lifted its holdings in shares of TriNet Group by 23.1% during the fourth quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock worth $147,674,000 after purchasing an additional 305,165 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

TNET has been the topic of several recent analyst reports. TD Cowen lowered shares of TriNet Group from a "buy" rating to a "hold" rating and decreased their target price for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research note on Friday, February 14th.

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.