Bridgewater Associates LP Sells 5,220 Shares of TriNet Group, Inc. (NYSE:TNET)

Bridgewater Associates LP trimmed its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 52.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,763 shares of the business services provider's stock after selling 5,220 shares during the quarter. Bridgewater Associates LP's holdings in TriNet Group were worth $432,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of the stock. XTX Topco Ltd bought a new position in shares of TriNet Group in the fourth quarter worth approximately $1,107,000. Mariner LLC grew its holdings in TriNet Group by 13.7% in the 4th quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock worth $251,000 after acquiring an additional 333 shares during the last quarter. Barclays PLC grew its holdings in TriNet Group by 19.9% in the 4th quarter. Barclays PLC now owns 113,472 shares of the business services provider's stock worth $10,300,000 after acquiring an additional 18,823 shares during the last quarter. Summit Investment Advisors Inc. increased its position in shares of TriNet Group by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock valued at $304,000 after acquiring an additional 149 shares during the period. Finally, Paralel Advisors LLC raised its stake in shares of TriNet Group by 10.0% during the fourth quarter. Paralel Advisors LLC now owns 18,949 shares of the business services provider's stock valued at $1,720,000 after acquiring an additional 1,720 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

TNET has been the topic of several recent analyst reports. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen lowered shares of TriNet Group from a "buy" rating to a "hold" rating and cut their target price for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th.

TriNet Group Stock Up 0.6 %

NYSE TNET traded up $0.47 during trading hours on Thursday, reaching $77.30. 835,634 shares of the company's stock traded hands, compared to its average volume of 380,238. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $129.37. 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 firm has a 50-day simple moving average of $75.63 and a 200 day simple moving average of $86.19. The firm has a market cap of $3.74 billion, a PE ratio of 22.60 and a beta of 1.06.

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

TriNet Group Increases Dividend

The company 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. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 1.42%. TriNet Group's payout ratio is 32.16%.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value 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 approximately $1,377,975.12. The trade was a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the transaction, the director now directly owns 36,991 shares in the company, valued at $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.10% 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.