D. E. Shaw & Co. Inc. Sells 93,951 Shares of TriNet Group, Inc. (NYSE:TNET)

D. E. Shaw & Co. Inc. lowered its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 40.6% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,682 shares of the business services provider's stock after selling 93,951 shares during the period. D. E. Shaw & Co. Inc. owned about 0.28% of TriNet Group worth $12,497,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of TNET. Wealthfront Advisers LLC bought a new stake in shares of TriNet Group in the 4th quarter valued at approximately $456,581,000. Vanguard Group Inc. lifted its position in TriNet Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock valued at $271,585,000 after purchasing an additional 36,216 shares during the period. Capital Research Global Investors raised its stake in shares of TriNet Group by 98.2% during the 4th quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock valued at $256,229,000 after buying an additional 1,398,573 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of TriNet Group by 18.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock valued at $172,282,000 after purchasing an additional 289,071 shares during the period. Finally, Wellington Management Group LLP raised its holdings in TriNet Group by 23.1% in the 4th quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock worth $147,674,000 after purchasing an additional 305,165 shares during the period. Hedge funds and other institutional investors own 96.81% of the company's stock.

Insider Activity

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the sale, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the transaction, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at $1,377,975.12. This represents a 6.42% decrease in their ownership of the stock. The disclosure for this sale can be found here. 38.10% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

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

TriNet Group Price Performance

Shares of NYSE TNET traded up $0.13 on Monday, hitting $86.12. The company's stock had a trading volume of 30,753 shares, compared to its average volume of 384,896. 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 stock has a 50 day moving average of $78.50 and a 200-day moving average of $84.78. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $116.26. The company has a market capitalization of $4.17 billion, a price-to-earnings ratio of 25.18 and a beta of 0.91.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.32. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. During the same period last year, the company posted $2.18 EPS. As a group, research analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.28%. The ex-dividend date was Tuesday, April 1st. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is presently 32.84%.

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.