GSA Capital Partners LLP Has $1.67 Million Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

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 grew its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 106.3% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,120 shares of the business services provider's stock after buying an additional 10,883 shares during the quarter. GSA Capital Partners LLP's holdings in TriNet Group were worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Vanguard Group Inc. boosted its holdings in shares of 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 worth $271,585,000 after purchasing an additional 36,216 shares during the period. Capital Research Global Investors boosted its holdings in shares of TriNet Group by 98.2% during the fourth quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock worth $256,229,000 after purchasing an additional 1,398,573 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of TriNet Group by 11.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,123,201 shares of the business services provider's stock worth $168,242,000 after purchasing an additional 225,196 shares during the period. Wellington Management Group LLP boosted its holdings in shares of TriNet Group by 23.1% during the fourth 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. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of TriNet Group by 2.7% during the fourth quarter. Dimensional Fund Advisors LP now owns 828,410 shares of the business services provider's stock worth $75,196,000 after purchasing an additional 22,114 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In related news, SVP Sidney A. Majalya sold 500 shares of TriNet Group stock in a transaction dated 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 transaction, the senior vice president directly owned 23,033 shares of the company's stock, valued at $1,914,963.62. This trade represents a 2.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total transaction of $117,891.48. Following the transaction, the chief technology officer directly owned 32,932 shares of the company's stock, valued at $2,701,741.28. This represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 2,120 shares of company stock valued at $175,291. Corporate insiders own 38.10% of the company's stock.

TriNet Group Stock Down 6.5%

NYSE TNET traded down $4.44 during trading on Friday, reaching $63.37. The company's stock had a trading volume of 809,230 shares, compared to its average volume of 448,766. The business has a 50-day moving average price of $74.25 and a 200-day moving average price of $78.65. The company has a current ratio of 1.10, a quick ratio of 1.08 and a debt-to-equity ratio of 8.36. TriNet Group, Inc. has a 1-year low of $63.23 and a 1-year high of $104.06. The stock has a market capitalization of $3.08 billion, a PE ratio of 21.78 and a beta of 0.84.

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

TriNet Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price target on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a report on Monday.

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.