TriNet Group, Inc. (NYSE:TNET) CTO Sells $94,607.04 in Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the sale, the chief technology officer now owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. This represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Jeffery Jon Hayward also recently made the following trade(s):

• On Monday, January 13th, Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock. The shares were sold at an average price of $89.57, for a total value of $697,212.88.
• On Friday, November 29th, Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock. The shares were sold at an average price of $93.03, for a total value of $218,155.35.

TriNet Group Stock Performance

Shares of TNET stock opened at $73.71 on Friday. The firm has a market capitalization of $3.65 billion, a price-to-earnings ratio of 21.55 and a beta of 1.21. 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 business has a fifty day moving average of $87.15 and a 200 day moving average of $91.92. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $134.67.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The company had revenue of $252.00 million during 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%. As a group, research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were paid a $0.25 dividend. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.36%. TriNet Group’s dividend payout ratio (DPR) is 29.24%.

Analysts Set New Price Targets

Several analysts have recently commented on the company. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a report on Friday, February 14th. TD Cowen lowered TriNet Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

Hedge Funds Weigh In On TriNet Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of TriNet Group by 11.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock valued at $37,366,000 after buying an additional 39,351 shares during the last quarter. Summit Global Investments purchased a new position in shares of TriNet Group during the 3rd quarter valued at about $605,000. US Bancorp DE raised its stake in shares of TriNet Group by 9,893.1% during the 3rd quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock valued at $698,000 after buying an additional 7,123 shares during the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of TriNet Group by 32.2% during 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 last quarter. Finally, Simcoe Capital Management LLC purchased a new position in shares of TriNet Group during the 3rd quarter valued at about $16,966,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.