Walleye Capital LLC Has $338,000 Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Walleye Capital LLC lowered its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 79.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 3,481 shares of the business services provider's stock after selling 13,193 shares during the quarter. Walleye Capital LLC's holdings in TriNet Group were worth $338,000 at the end of the most recent reporting period.

Other large investors also recently made changes to their positions in the company. FORA Capital LLC bought a new position in TriNet Group during the 3rd quarter worth approximately $441,000. Blueshift Asset Management LLC acquired a new stake in TriNet Group in the third quarter worth $462,000. FMR LLC boosted its position in shares of TriNet Group by 38.5% during the third quarter. FMR LLC now owns 9,017 shares of the business services provider's stock worth $874,000 after purchasing an additional 2,506 shares in the last quarter. Advantage Alpha Capital Partners LP grew its holdings in shares of TriNet Group by 30.6% in the 3rd quarter. Advantage Alpha Capital Partners LP now owns 73,982 shares of the business services provider's stock valued at $7,174,000 after buying an additional 17,349 shares during the period. Finally, Dynamic Technology Lab Private Ltd increased its position in shares of TriNet Group by 19.0% in the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 13,902 shares of the business services provider's stock valued at $1,348,000 after buying an additional 2,221 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company's stock.

TriNet Group Stock Up 1.4 %

Shares of TriNet Group stock traded up $1.32 during trading on Tuesday, reaching $94.24. The stock had a trading volume of 327,454 shares, compared to its average volume of 302,776. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. The company has a market capitalization of $4.67 billion, a price-to-earnings ratio of 18.16 and a beta of 1.21. TriNet Group, Inc. has a 52 week low of $74.32 and a 52 week high of $134.67. The stock has a fifty day moving average price of $92.66 and a two-hundred day moving average price of $97.88.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.06%. The ex-dividend date was Tuesday, October 1st. TriNet Group's dividend payout ratio (DPR) is currently 19.27%.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Needham & Company LLC lowered TriNet Group from a "buy" rating to a "hold" rating and set a $140.00 target price on the stock. in a report on Monday, October 28th. JPMorgan Chase & Co. reiterated an "underweight" rating and set a $103.00 price objective on shares of TriNet Group in a report on Tuesday, October 22nd. Finally, TD Cowen increased their target price on TriNet Group from $92.00 to $104.00 and gave the stock a "buy" rating in a research note on Wednesday, November 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $117.00.

Insider Transactions at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,813 shares of the business's stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $92.74, for a total transaction of $168,137.62. Following the transaction, the chief technology officer now directly owns 36,951 shares in the company, valued at $3,426,835.74. The trade was a 4.68 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Edward Chamberlain sold 375 shares of the firm's stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the sale, the director now owns 37,591 shares of the company's stock, valued at $3,241,471.93. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 4,533 shares of company stock valued at $418,629 in the last ninety days. 37.10% of the stock is currently owned by corporate insiders.

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.