Dark Forest Capital Management LP Has $318,000 Holdings in TriNet Group, Inc. (NYSE:TNET)

Dark Forest Capital Management LP lowered its holdings in TriNet Group, Inc. (NYSE:TNET - Free Report) by 89.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,508 shares of the business services provider's stock after selling 29,139 shares during the period. Dark Forest Capital Management LP's holdings in TriNet Group were worth $318,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Barclays PLC grew its stake in shares of TriNet Group by 201.0% in the third quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock valued at $9,179,000 after buying an additional 63,201 shares in the last quarter. Tidal Investments LLC boosted its stake in shares of TriNet Group by 5.4% during the 3rd quarter. Tidal Investments LLC now owns 5,121 shares of the business services provider's stock valued at $495,000 after buying an additional 263 shares during the last quarter. Franklin Resources Inc. boosted its stake in TriNet Group by 3.4% in the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock valued at $499,000 after acquiring an additional 169 shares during the period. JPMorgan Chase & Co. grew its position in TriNet Group by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock worth $37,366,000 after purchasing an additional 39,351 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of TriNet Group by 4.2% in the fourth quarter. Nordea Investment Management AB now owns 160,991 shares of the business services provider's stock worth $14,732,000 after purchasing an additional 6,420 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

Wall Street Analysts Forecast Growth

TNET has been the subject of a number of research analyst reports. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen cut 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 report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upped their target price on TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a report on Monday.

TriNet Group Stock Up 2.0 %

NYSE:TNET traded up $1.60 during mid-day trading on Friday, reaching $80.37. The stock had a trading volume of 374,048 shares, compared to its average volume of 382,042. The stock has a market cap of $3.89 billion, a P/E ratio of 23.50 and a beta of 1.06. TriNet Group, Inc. has a fifty-two week low of $65.43 and a fifty-two week high of $116.26. The business's 50 day moving average is $76.47 and its 200 day moving average is $85.41. 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 (NYSE:TNET - Get Free Report) last released its earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.67 by $0.32. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. During the same quarter last year, the firm posted $2.18 EPS. As a group, sell-side analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

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

Insider Transactions at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction dated 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 of the company's stock, valued at approximately $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the business's stock in a transaction that occurred 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 transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. The trade was 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 insiders.

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.