Swiss National Bank Sells 600 Shares of TriNet Group, Inc. (NYSE:TNET)

Swiss National Bank lowered its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 0.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 63,500 shares of the business services provider’s stock after selling 600 shares during the quarter. Swiss National Bank’s holdings in TriNet Group were worth $5,764,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of TNET. Intech Investment Management LLC bought a new stake in shares of TriNet Group in the third quarter worth about $817,000. Massachusetts Financial Services Co. MA increased its stake 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 worth $156,018,000 after acquiring an additional 391,720 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of TriNet Group by 19.0% during the 3rd quarter. Dynamic Technology Lab Private Ltd now owns 13,902 shares of the business services provider’s stock worth $1,348,000 after acquiring an additional 2,221 shares in the last quarter. Advantage Alpha Capital Partners LP boosted its position in shares of TriNet Group by 30.6% during 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 acquiring an additional 17,349 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of TriNet Group by 38.5% in the third quarter. FMR LLC now owns 9,017 shares of the business services provider’s stock valued at $874,000 after purchasing an additional 2,506 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Down 2.8 %

Shares of TNET opened at $76.67 on Monday. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The business has a fifty day moving average of $82.68 and a 200 day moving average of $89.34. The company has a market cap of $3.80 billion, a PE ratio of 22.42 and a beta of 1.26. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $134.67.

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

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be paid a dividend of $0.275 per share. This is a boost from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.43%. TriNet Group’s dividend payout ratio is currently 32.16%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on TNET shares. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen cut 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 research report on Tuesday, February 18th.

Insider Transactions at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the transaction, the chief technology officer now owns 19,867 shares of the company’s stock, valued at $1,377,975.12. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,748 shares of company stock worth $833,436. 37.10% of the stock is currently owned by company 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.