TriNet Group, Inc. (NYSE:TNET) Shares Sold by Jupiter Asset Management Ltd.

Jupiter Asset Management Ltd. decreased its holdings in TriNet Group, Inc. (NYSE:TNET) by 25.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 156,774 shares of the business services provider’s stock after selling 52,836 shares during the period. Jupiter Asset Management Ltd.’s holdings in TriNet Group were worth $20,771,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Wedge Capital Management L L P NC raised its holdings in TriNet Group by 253.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock valued at $17,136,000 after acquiring an additional 103,330 shares during the last quarter. Victory Capital Management Inc. increased its holdings in shares of TriNet Group by 160.2% during the 4th quarter. Victory Capital Management Inc. now owns 22,746 shares of the business services provider’s stock worth $2,705,000 after buying an additional 14,003 shares during the last quarter. BNP Paribas Financial Markets increased its holdings in shares of TriNet Group by 23.2% during the 1st quarter. BNP Paribas Financial Markets now owns 43,952 shares of the business services provider’s stock worth $5,823,000 after buying an additional 8,275 shares during the last quarter. Van ECK Associates Corp increased its holdings in shares of TriNet Group by 181.9% during the 4th quarter. Van ECK Associates Corp now owns 23,683 shares of the business services provider’s stock worth $2,817,000 after buying an additional 15,282 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. acquired a new stake in shares of TriNet Group during the 4th quarter worth approximately $7,777,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value of $37,882.50. Following the completion of the transaction, the director now owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP Alexander G. Warren sold 1,867 shares of the firm’s stock in a transaction on Monday, May 20th. The shares were sold at an average price of $103.74, for a total value of $193,682.58. Following the sale, the senior vice president now directly owns 32,661 shares in the company, valued at approximately $3,388,252.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total transaction of $37,882.50. Following the completion of the sale, the director now owns 36,341 shares in the company, valued at $3,671,167.82. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on the stock. StockNews.com downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. TD Cowen cut their price target on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a report on Monday, June 24th. Finally, Needham & Company LLC cut their price target on shares of TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, April 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $113.83.

TriNet Group Trading Up 0.3 %

Shares of NYSE:TNET traded up $0.31 during mid-day trading on Friday, reaching $107.80. 294,887 shares of the company were exchanged, compared to its average volume of 372,142. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a market cap of $5.45 billion, a price-to-earnings ratio of 17.67 and a beta of 1.19. The firm’s 50-day simple moving average is $103.42 and its 200 day simple moving average is $114.82. TriNet Group, Inc. has a 1 year low of $95.24 and a 1 year high of $134.67.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Friday, April 26th. The business services provider reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.36). The company had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $380.41 million. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. Equities research analysts forecast that TriNet Group, Inc. will post 4.82 EPS for the current year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 1st will be given a $0.25 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.00 annualized dividend and a yield of 0.93%. TriNet Group’s dividend payout ratio is presently 16.39%.

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.