SG Americas Securities LLC Takes Position in TriNet Group, Inc. (NYSE:TNET)

SG Americas Securities LLC purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 12,456 shares of the business services provider's stock, valued at approximately $987,000.

Several other institutional investors and hedge funds also recently bought and sold shares of TNET. Summit Investment Advisors Inc. raised its holdings in shares of TriNet Group by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock valued at $304,000 after acquiring an additional 149 shares in the last quarter. IFP Advisors Inc increased its position in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock worth $71,000 after purchasing an additional 240 shares during the last quarter. Mariner LLC raised its stake in TriNet Group by 13.7% in the fourth quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock valued at $251,000 after purchasing an additional 333 shares in the last quarter. Xponance Inc. raised its stake in TriNet Group by 17.8% in the fourth quarter. Xponance Inc. now owns 2,456 shares of the business services provider's stock valued at $223,000 after purchasing an additional 371 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted 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 valued at $331,000 after purchasing an additional 427 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

TNET has been the topic of several research reports. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. JPMorgan Chase & Co. upped their target price on shares of TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research report on Monday, April 28th.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, 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 transaction of $41,570.00. Following the completion of the transaction, the senior vice president now owns 23,033 shares of the company's stock, valued at approximately $1,914,963.62. This trade represents a 2.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 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 transaction, the chief technology officer now owns 32,932 shares of the company's stock, valued at $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. In the last three months, insiders have sold 2,120 shares of company stock valued at $175,291. 38.10% of the stock is currently owned by corporate insiders.

TriNet Group Trading Down 0.8%

Shares of NYSE TNET traded down $0.59 during mid-day trading on Friday, hitting $74.53. The stock had a trading volume of 1,370,855 shares, compared to its average volume of 382,107. The business has a 50 day moving average price of $80.29 and a two-hundred day moving average price of $82.86. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $116.26. The company has a debt-to-equity ratio of 14.43, a quick ratio of 1.08 and a current ratio of 1.08. The firm has a market cap of $3.61 billion, a P/E ratio of 22.25 and a beta of 0.90.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, beating the consensus estimate of $1.67 by $0.32. The firm had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $319.36 million. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. During the same period in the prior year, the firm posted $2.18 earnings per share. On average, equities analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st will be given a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.10 annualized dividend and a yield of 1.48%. TriNet Group's payout ratio is 32.84%.

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.