SG Americas Securities LLC Makes New Investment in TriNet Group, Inc. (NYSE:TNET)

SG Americas Securities LLC bought a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 12,456 shares of the business services provider's stock, valued at approximately $987,000.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. LRI Investments LLC boosted its stake in TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after acquiring an additional 573 shares in the last quarter. IFP Advisors Inc raised its stake in shares of TriNet Group by 45.5% during 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. PNC Financial Services Group Inc. raised its position in TriNet Group by 118.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock worth $131,000 after buying an additional 785 shares during the last quarter. Xponance Inc. lifted its position 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 during the period. 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 buying an additional 333 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

Insider Buying and Selling at TriNet Group

In other news, SVP Sidney A. Majalya sold 500 shares of the business'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 transaction, the senior vice president now owns 23,033 shares of the company's stock, valued at $1,914,963.62. The trade was a 2.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the firm'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 sale, the chief technology officer now owns 32,932 shares in the company, valued at approximately $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 over the last quarter. Corporate insiders own 38.10% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on TNET shares. JPMorgan Chase & Co. upped their price objective on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a report on Monday, April 28th. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th.

TriNet Group Price Performance

TriNet Group stock traded down $1.51 during mid-day trading on Thursday, reaching $75.01. The company had a trading volume of 257,717 shares, compared to its average volume of 378,363. The stock's 50-day simple moving average is $80.41 and its 200-day simple moving average is $83.20. The company has a market capitalization of $3.63 billion, a P/E ratio of 22.39 and a beta of 0.90. 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 current ratio of 1.08 and a quick ratio of 1.08.

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

TriNet Group Announces Dividend

The firm also recently announced 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. This represents a $1.10 dividend on an annualized basis and a yield of 1.47%. The ex-dividend date is Tuesday, July 1st. TriNet Group's payout ratio is currently 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.