Jeffery Jon Hayward Sells 1,813 Shares of TriNet Group, Inc. (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,813 shares of the business’s stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the transaction, the chief technology officer now owns 36,951 shares of the company’s stock, valued at approximately $3,426,835.74. The trade was a 4.68 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

TriNet Group Stock Performance

Shares of TNET traded down $1.20 during mid-day trading on Tuesday, hitting $92.86. 450,546 shares of the company’s stock were exchanged, compared to its average volume of 302,894. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The firm has a market capitalization of $4.60 billion, a P/E ratio of 18.12 and a beta of 1.20. The business’s 50 day moving average is $93.34 and its two-hundred day moving average is $98.70. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Dividend Announcement

The company also recently declared 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 yield of 1.08%. TriNet Group’s dividend payout ratio is currently 19.27%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Tidal Investments LLC raised its holdings in TriNet Group by 5.4% during the third quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider’s stock worth $495,000 after purchasing an additional 263 shares in the last quarter. TD Private Client Wealth LLC increased its holdings in TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after buying an additional 121 shares in the last quarter. Barclays PLC increased its holdings in TriNet Group by 201.0% in the third quarter. Barclays PLC now owns 94,649 shares of the business services provider’s stock valued at $9,179,000 after buying an additional 63,201 shares in the last quarter. Orion Portfolio Solutions LLC increased its holdings in TriNet Group by 13.1% in the third quarter. Orion Portfolio Solutions LLC now owns 2,933 shares of the business services provider’s stock valued at $284,000 after buying an additional 339 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in TriNet Group by 16.2% in the third quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock valued at $128,169,000 after buying an additional 184,186 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on TNET. Needham & Company LLC downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research note on Monday, October 28th. TD Cowen upped 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. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $117.00.

TriNet Group Company 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.