TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward Sells 1,364 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,364 shares of the company’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the sale, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.

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 Up 2.1 %

Shares of TNET opened at $73.02 on Friday. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $134.67. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The company has a market capitalization of $3.62 billion, a PE ratio of 21.35 and a beta of 1.21. The business’s 50 day moving average is $87.48 and its 200 day moving average is $92.06.

TriNet Group (NYSE:TNET) last released its 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 the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. Research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.37%. TriNet Group’s payout ratio is 29.24%.

Institutional Investors Weigh In On TriNet Group

Several large investors have recently made changes to their positions in TNET. TD Private Client Wealth LLC grew its holdings in TriNet Group by 25.5% during the 3rd 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. LRI Investments LLC boosted its position in shares of TriNet Group by 643.8% during the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 573 shares during the last quarter. IFP Advisors Inc grew its holdings in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 240 shares in the last quarter. KBC Group NV increased its position in TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after purchasing an additional 199 shares during the last quarter. Finally, Avion Wealth raised its stake in TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 140 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have commented on TNET. TD Cowen cut shares of 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 research note on Tuesday, February 18th. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Friday, February 14th.

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.