TriNet Group, Inc. (NYSE:TNET) Shares Sold by Corient Private Wealth LLC

Corient Private Wealth LLC decreased its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 7.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 15,658 shares of the business services provider’s stock after selling 1,350 shares during the period. Corient Private Wealth LLC’s holdings in TriNet Group were worth $1,421,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the stock. Intech Investment Management LLC purchased a new stake in shares of TriNet Group during the 3rd quarter valued at $817,000. Dynamic Technology Lab Private Ltd boosted its holdings in TriNet Group by 19.0% in the third quarter. Dynamic Technology Lab Private Ltd now owns 13,902 shares of the business services provider’s stock valued at $1,348,000 after acquiring an additional 2,221 shares during the last quarter. Advantage Alpha Capital Partners LP grew its position in TriNet Group by 30.6% during the third 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 period. FMR LLC increased its stake in 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 acquiring an additional 2,506 shares during the last quarter. Finally, Blueshift Asset Management LLC purchased a new position in shares of TriNet Group in the 3rd quarter worth about $462,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock in a transaction on Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of 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 ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction on 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 in the company, valued at $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 9,748 shares of company stock valued at $833,436 in the last quarter. Company insiders own 37.10% of the company’s stock.

TriNet Group Trading Down 1.5 %

Shares of TNET opened at $78.51 on Wednesday. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $134.67. The stock’s 50-day moving average is $82.17 and its two-hundred day moving average is $89.11. 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 stock has a market cap of $3.89 billion, a PE ratio of 22.96 and a beta of 1.26.

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

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.40%. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group’s dividend payout ratio (DPR) is presently 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.