TriNet Group, Inc. (NYSE:TNET) Holdings Lowered by Aquatic Capital Management LLC

Aquatic Capital Management LLC reduced its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 13.5% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,673 shares of the business services provider's stock after selling 3,227 shares during the period. Aquatic Capital Management LLC's holdings in TriNet Group were worth $1,876,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its position 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 purchasing an additional 39,351 shares during the period. Vanguard Group Inc. grew its stake in shares of TriNet Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock worth $271,585,000 after buying an additional 36,216 shares in the last quarter. Tidal Investments LLC lifted its stake in shares of TriNet Group by 5.4% in the 3rd quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock valued at $495,000 after purchasing an additional 263 shares during the last quarter. Nordea Investment Management AB boosted its stake in TriNet Group by 4.2% during the fourth quarter. Nordea Investment Management AB now owns 160,991 shares of the business services provider's stock worth $14,732,000 after buying an additional 6,420 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in shares of TriNet Group by 82.7% during the 4th quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider's stock worth $20,193,000 after acquiring an additional 100,728 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on TNET shares. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. JPMorgan Chase & Co. raised their price target on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a report on Monday, April 28th. Finally, TD Cowen lowered shares of TriNet Group from a "buy" rating to a "hold" rating and reduced their price target for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th.

Insider Activity at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. This represents a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction on Tuesday, February 25th. The stock was 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 of the company's stock, valued at $2,565,695.76. The trade was a 1.60 % decrease in their position. The disclosure for this sale can be found here. 38.10% of the stock is owned by corporate insiders.

TriNet Group Price Performance

Shares of NYSE:TNET traded up $1.60 during midday trading on Friday, hitting $80.37. The company's stock had a trading volume of 374,048 shares, compared to its average volume of 382,728. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The business's 50 day simple moving average is $76.64 and its 200 day simple moving average is $85.14. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $116.26. The company has a market cap of $3.89 billion, a P/E ratio of 23.50 and a beta of 1.06.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, beating analysts' consensus estimates of $1.67 by $0.32. The business had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $319.36 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. During the same period last year, the business earned $2.18 earnings per share. On average, analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.37%. This is an increase from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, April 1st. TriNet Group's dividend payout ratio is 32.84%.

TriNet Group 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.