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

D. E. Shaw & Co. Inc. trimmed its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 40.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 0.28% of TriNet Group worth $12,497,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. IFP Advisors Inc grew its stake in TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after purchasing an additional 240 shares during the period. Avion Wealth grew its stake in shares of TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after acquiring an additional 140 shares during the last quarter. KBC Group NV grew its stake in shares of TriNet Group by 43.7% in the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock worth $124,000 after acquiring an additional 415 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in shares of TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock worth $131,000 after acquiring an additional 785 shares during the last quarter. Finally, Xponance Inc. grew its stake in shares of TriNet Group by 17.8% in the fourth quarter. Xponance Inc. now owns 2,456 shares of the business services provider's stock worth $223,000 after acquiring an additional 371 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Stock Performance

Shares of TriNet Group stock traded up $0.56 during trading on Friday, hitting $86.06. 284,398 shares of the company's stock traded hands, compared to its average volume of 385,492. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $116.26. The stock has a market capitalization of $4.17 billion, a P/E ratio of 25.16 and a beta of 0.91. The business has a 50-day simple moving average of $78.24 and a 200-day simple moving average of $84.79.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, beating 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 company had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $319.36 million. During the same period last year, the firm posted $2.18 earnings per share. As a group, analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

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

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 600 shares of the firm'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 $41,616.00. Following the transaction, the director now owns 36,991 shares of the company's stock, valued at $2,565,695.76. This trade represents a 1.60% 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. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the firm'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 completion of the transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. This trade represents a 6.42% decrease in their position. The disclosure for this sale can be found here. Insiders own 38.10% of the company's stock.

Wall Street Analysts Forecast Growth

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

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.