Natixis Advisors LLC Acquires Shares of 61,481 TriNet Group, Inc. (NYSE:TNET)

Key Points

• Natixis Advisors LLC acquired 61,481 shares of TriNet Group, valued at approximately $4.87 million, increasing institutional ownership in the company, which now stands at 96.81%.
• Insider transactions include SVP Sidney A. Majalya selling 500 shares, reducing his ownership to 23,033 shares, while CTO Jeffery Jon Hayward sold 1,437 shares, bringing his total to 32,932 shares.
• TriNet Group announced a quarterly dividend of $0.275 per share, with an annualized yield of 1.7% and a dividend payout ratio of 37.80%.

Natixis Advisors LLC bought a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 61,481 shares of the business services provider's stock, valued at approximately $4,871,000. Natixis Advisors LLC owned 0.13% of TriNet Group at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Capital Research Global Investors raised its holdings in TriNet Group by 98.2% during the 4th 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 last quarter. ArrowMark Colorado Holdings LLC acquired a new stake in shares of TriNet Group during the fourth quarter worth $35,567,000. Vaughan Nelson Investment Management L.P. acquired a new stake in shares of TriNet Group during the first quarter worth $27,037,000. Massachusetts Financial Services Co. MA raised its stake in 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 buying an additional 225,196 shares during the last quarter. Finally, Park West Asset Management LLC acquired a new position in TriNet Group in the fourth quarter valued at $19,879,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total value of $117,891.48. Following the transaction, the chief technology officer owned 32,932 shares in the company, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Sidney A. Majalya sold 500 shares of the firm's stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total value of $41,570.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 2,120 shares of company stock valued at $175,291 over the last ninety days. 38.10% of the stock is currently owned by corporate insiders.

TriNet Group Trading Up 0.6%

TNET traded up $0.39 during trading on Thursday, hitting $63.82. The company's stock had a trading volume of 494,036 shares, compared to its average volume of 448,343. The firm has a market capitalization of $3.10 billion, a P/E ratio of 21.93 and a beta of 0.83. TriNet Group, Inc. has a twelve month low of $62.72 and a twelve month high of $104.06. The stock's fifty day moving average price is $72.43 and its 200-day moving average price is $77.68. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36.

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

TriNet Group Dividend Announcement

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

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. cut their price target 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.

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.