Natixis Advisors LLC Takes Position in 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 acquired a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 61,481 shares of the business services provider's stock, valued at approximately $4,871,000. Natixis Advisors LLC owned approximately 0.13% of TriNet Group at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in TriNet Group by 4,677.9% during the first quarter. GAMMA Investing LLC now owns 3,249 shares of the business services provider's stock worth $257,000 after buying an additional 3,181 shares in the last quarter. Farther Finance Advisors LLC raised its position in TriNet Group by 11.4% during the first quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider's stock worth $331,000 after acquiring an additional 427 shares during the last quarter. SG Americas Securities LLC acquired a new position in TriNet Group during the first quarter worth about $987,000. Bank of New York Mellon Corp raised its position in TriNet Group by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider's stock worth $18,406,000 after acquiring an additional 9,821 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new position in TriNet Group during the fourth quarter worth about $1,395,000. Hedge funds and other institutional investors own 96.81% of the company's stock.

TriNet Group Trading Down 0.4%

Shares of NYSE:TNET traded down $0.26 during trading on Friday, reaching $63.54. The stock had a trading volume of 292,304 shares, compared to its average volume of 578,985. The business has a fifty day moving average price of $72.03 and a 200-day moving average price of $77.47. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. The stock has a market cap of $3.09 billion, a P/E ratio of 21.83 and a beta of 0.83. TriNet Group, Inc. has a fifty-two week low of $62.72 and a fifty-two week high of $104.06.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.12. The business had revenue of $282.90 million during 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 quarter in the previous year, the business posted $1.53 earnings per share. As a group, analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

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

Insider Activity at TriNet Group

In related news, SVP Sidney A. Majalya sold 500 shares of the company'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 transaction of $41,570.00. Following the completion of the transaction, the senior vice president owned 23,033 shares of the company's stock, valued at approximately $1,914,963.62. This represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was 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 trade represents a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 2,120 shares of company stock valued at $175,291 in the last ninety days. 38.10% of the stock is currently owned by company insiders.

Analyst Ratings Changes

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

TriNet Group Company 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.