TriNet Group, Inc. (NYSE:TNET) Shares Sold by Voloridge Investment Management LLC

Voloridge Investment Management LLC reduced its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 9.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 204,874 shares of the business services provider's stock after selling 22,523 shares during the period. Voloridge Investment Management LLC owned approximately 0.41% of TriNet Group worth $18,596,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wealthfront Advisers LLC purchased a new stake in shares of TriNet Group in the 4th quarter worth about $456,581,000. Vanguard Group Inc. raised its stake in TriNet Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock valued at $271,585,000 after purchasing an additional 36,216 shares during the last quarter. Capital Research Global Investors increased its stake in shares of 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 valued at $256,229,000 after acquiring an additional 1,398,573 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of TriNet Group by 18.0% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider's stock valued at $172,282,000 after acquiring an additional 289,071 shares during the last quarter. Finally, Wellington Management Group LLP increased its stake in shares of TriNet Group by 23.1% during the 4th quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider's stock valued at $147,674,000 after acquiring an additional 305,165 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

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

TriNet Group Trading Down 0.3%

TNET traded down $0.28 on Wednesday, reaching $82.16. 43,376 shares of the company's stock were exchanged, compared to its average volume of 382,490. The company's 50 day moving average is $79.42 and its 200-day moving average is $84.56. The company has a market cap of $3.98 billion, a price-to-earnings ratio of 24.02 and a beta of 0.91. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $116.26. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results 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. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $1.29 billion during the quarter, compared to analysts' expectations of $319.36 million. During the same period in the prior year, the business posted $2.18 EPS. Equities analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 1.34%. TriNet Group's dividend payout ratio (DPR) is 32.84%.

Wall Street Analysts Forecast Growth

TNET has been the subject of a number of research analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and dropped their price objective for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. upped their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research note on Monday, April 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.