TriNet Group, Inc. (NYSE:TNET) Stock Holdings Trimmed by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 10.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 60,142 shares of the business services provider's stock after selling 6,910 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.12% of TriNet Group worth $5,832,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Massachusetts Financial Services Co. MA grew its holdings in TriNet Group by 32.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider's stock valued at $156,018,000 after buying an additional 391,720 shares during the period. Point72 Asset Management L.P. acquired a new stake in shares of TriNet Group in the second quarter worth approximately $20,610,000. Select Equity Group L.P. purchased a new stake in TriNet Group in the second quarter valued at approximately $6,652,000. Susquehanna Fundamental Investments LLC acquired a new position in TriNet Group during the second quarter worth approximately $4,348,000. Finally, Quantbot Technologies LP raised its stake in TriNet Group by 155.8% during the second quarter. Quantbot Technologies LP now owns 37,378 shares of the business services provider's stock worth $3,738,000 after purchasing an additional 22,764 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on TNET. TD Cowen boosted their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a "buy" rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reissued an "underweight" rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, Needham & Company LLC lowered TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 price target for the company. in a research note on Monday, October 28th. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $117.00.

TriNet Group Trading Up 0.6 %

Shares of TNET stock traded up $0.58 during mid-day trading on Wednesday, reaching $94.82. The company's stock had a trading volume of 645,610 shares, compared to its average volume of 304,636. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The firm has a market capitalization of $4.70 billion, a PE ratio of 18.27 and a beta of 1.21. The company's 50 day simple moving average is $92.63 and its 200-day simple moving average is $97.86. TriNet Group, Inc. has a 12-month low of $74.32 and a 12-month high of $134.67.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were issued 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 1.05%. TriNet Group's payout ratio is currently 19.27%.

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the completion of the transaction, the chief technology officer now owns 34,606 shares of the company's stock, valued at approximately $3,219,396.18. This represents a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the company's stock in a transaction that occurred on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the transaction, the director now directly owns 37,591 shares in the company, valued at approximately $3,241,471.93. The trade was a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 4,533 shares of company stock valued at $418,629. Corporate insiders own 37.10% of the company's stock.

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.