Emerald Mutual Fund Advisers Trust Has $939,000 Position in TriNet Group, Inc. (NYSE:TNET)

Emerald Mutual Fund Advisers Trust cut its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 94.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 10,341 shares of the business services provider's stock after selling 194,084 shares during the quarter. Emerald Mutual Fund Advisers Trust's holdings in TriNet Group were worth $939,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TNET. Avion Wealth lifted its holdings in TriNet Group by 14.9% in the 4th 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. Summit Investment Advisors Inc. lifted its stake in shares of TriNet Group by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock valued at $304,000 after buying an additional 149 shares during the period. Franklin Resources Inc. boosted its position in TriNet Group by 3.4% during the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock worth $499,000 after acquiring an additional 169 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in TriNet Group by 2.6% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider's stock worth $702,000 after acquiring an additional 196 shares during the last quarter. Finally, IFP Advisors Inc grew its stake in TriNet Group by 45.5% in the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after acquiring an additional 240 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Trading Up 0.9 %

TNET traded up $0.69 on Monday, reaching $81.15. 69,948 shares of the company's stock were exchanged, compared to its average volume of 381,555. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The company's 50 day moving average is $76.64 and its 200-day moving average is $85.14. 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 company has a market cap of $3.93 billion, a price-to-earnings ratio of 23.73 and a beta of 1.06.

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

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Tuesday, April 1st. This is a boost from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's payout ratio is currently 32.84%.

Analyst Ratings Changes

Several research firms recently weighed in on TNET. TD Cowen downgraded TriNet Group from a "buy" rating to a "hold" rating and reduced their target price for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. lifted their price target on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a report on Monday, April 28th.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares in the company, 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 document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at approximately $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. Company insiders own 38.10% of the company's stock.

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.