TriNet Group, Inc. (NYSE:TNET) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. reduced its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 62.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 5,963 shares of the business services provider's stock after selling 10,115 shares during the period. Victory Capital Management Inc.'s holdings in TriNet Group were worth $541,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. TD Private Client Wealth LLC grew its stake in TriNet Group by 25.5% in the 3rd 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 in the last quarter. IFP Advisors Inc boosted its holdings in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after purchasing an additional 240 shares during the period. KBC Group NV grew its stake in TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider's stock worth $92,000 after purchasing an additional 199 shares in the last quarter. Avion Wealth increased its holdings in TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after purchasing an additional 140 shares during the period. Finally, Janney Montgomery Scott LLC bought a new stake in TriNet Group during the 4th quarter valued at $230,000. Hedge funds and other institutional investors own 96.81% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TNET shares. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a "buy" rating to a "hold" rating and dropped their target price for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

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Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the business's stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $89.57, for a total transaction of $697,212.88. Following the sale, the chief technology officer now owns 21,769 shares in the company, valued at approximately $1,949,849.33. The trade was a 26.34 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value 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. The trade was 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 valued at $833,436 in the last quarter. 37.10% of the stock is currently owned by corporate insiders.

TriNet Group Stock Down 1.5 %

Shares of TNET traded down $1.22 during trading hours on Tuesday, hitting $78.51. The company had a trading volume of 382,894 shares, compared to its average volume of 340,187. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $134.67. The company's fifty day moving average price is $82.44 and its two-hundred day moving average price is $89.22. The company has a market capitalization of $3.89 billion, a PE ratio of 22.96 and a beta of 1.26. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, beating the consensus estimate 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 analyst estimates of $225.72 million. As a group, equities analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio is currently 32.16%.

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.