TriNet Group, Inc. (NYSE:TNET) Shares Purchased by GSA Capital Partners LLP

Key Points

• GSA Capital Partners LLP increased its stake in TriNet Group, Inc. by 106.3%, now holding 21,120 shares worth approximately $1.67 million.
• TriNet Group recently reported earnings of $1.15 per share for the last quarter, exceeding analysts' expectations, with a revenue of $282.9 million.
• The company declared a quarterly dividend of $0.275 per share, representing a yield of 1.56% and a payout ratio of 37.80%.

GSA Capital Partners LLP lifted its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 106.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 21,120 shares of the business services provider's stock after acquiring an additional 10,883 shares during the quarter. GSA Capital Partners LLP's holdings in TriNet Group were worth $1,674,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Summit Investment Advisors Inc. increased its position in TriNet Group by 4.7% during the 4th quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock valued at $304,000 after purchasing an additional 149 shares during the period. Xponance Inc. grew its position in shares of TriNet Group by 6.4% in the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock worth $207,000 after buying an additional 157 shares during the last quarter. Mariner LLC grew its position in shares of TriNet Group by 13.7% in the 4th quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock worth $251,000 after buying an additional 333 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of TriNet Group by 11.4% in the 1st quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider's stock worth $331,000 after buying an additional 427 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in shares of TriNet Group by 2.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,190 shares of the business services provider's stock worth $1,651,000 after buying an additional 502 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

TriNet Group Stock Performance

NYSE:TNET traded down $4.44 during trading hours on Friday, hitting $63.37. 809,231 shares of the company were exchanged, compared to its average volume of 541,420. The stock has a market capitalization of $3.08 billion, a price-to-earnings ratio of 21.78 and a beta of 0.83. TriNet Group, Inc. has a 52-week low of $63.23 and a 52-week high of $104.06. The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.08. The company's 50 day moving average price is $73.90 and its 200-day moving average price is $78.45.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate of $1.03 by $0.12. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. The company had revenue of $282.90 million for the quarter, compared to the consensus estimate of $278.93 million. During the same quarter in the previous year, the firm earned $1.53 EPS. As a group, research analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.7%. The ex-dividend date was Tuesday, July 1st. TriNet Group's payout ratio is presently 37.80%.

Insider Activity at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 500 shares of TriNet Group stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total transaction of $41,570.00. Following the completion of the sale, the senior vice president directly owned 23,033 shares in the company, valued at approximately $1,914,963.62. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total transaction of $117,891.48. Following the sale, the chief technology officer owned 32,932 shares of the company's stock, valued at approximately $2,701,741.28. The trade was a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,120 shares of company stock valued at $175,291. Company insiders own 38.10% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock in a research report on Monday, July 28th.

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.