TriNet Group, Inc. (NYSE:TNET) Shares Sold by Man Group plc

Man Group plc lessened its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 80.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 34,994 shares of the business services provider's stock after selling 145,194 shares during the period. Man Group plc owned approximately 0.07% of TriNet Group worth $3,176,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in TNET. Avion Wealth lifted its position 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 valued at $98,000 after acquiring an additional 140 shares in the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of TriNet Group by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock worth $304,000 after purchasing an additional 149 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of TriNet Group by 2.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider's stock valued at $702,000 after acquiring an additional 196 shares during the last quarter. IFP Advisors Inc raised its position in shares of TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after buying an additional 240 shares in the last quarter. Finally, Mariner LLC lifted its holdings 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 valued at $251,000 after acquiring an additional 333 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

Insiders Place Their Bets

In related news, SVP Sidney A. Majalya sold 500 shares of the business's stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total transaction of $41,570.00. Following the transaction, the senior vice president now directly owns 23,033 shares in the company, valued at $1,914,963.62. The trade was a 2.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 38.10% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

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

TriNet Group Trading Down 0.9%

Shares of NYSE:TNET traded down $0.75 during trading on Wednesday, reaching $81.70. 24,070 shares of the company were exchanged, compared to its average volume of 445,185. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $3.95 billion, a PE ratio of 23.89 and a beta of 0.91. The business's fifty day simple moving average is $79.42 and its 200-day simple moving average is $84.56. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $116.26.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping 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 business had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $319.36 million. During the same quarter in the prior year, the company earned $2.18 EPS. On average, research analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.35%. The ex-dividend date 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%.

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.