TriNet Group, Inc. (NYSE:TNET) Shares Sold by Mawer Investment Management Ltd.

Key Points

• Mawer Investment Management Ltd. has reduced its stake in TriNet Group by 12.1%, now owning about 1.1% of the company with a total of approximately $238 million in shares.
• CTO Jeffery Jon Hayward and SVP Sidney A. Majalya have both sold shares recently, indicating a decrease in insider ownership of 4.18% and 2.12% respectively.
• JPMorgan Chase & Co. downgraded TriNet Group's target price from $76.00 to $75.00 and set an "underweight" rating for the company in recent analysis.

Mawer Investment Management Ltd. cut its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 12.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,004,110 shares of the business services provider's stock after selling 413,576 shares during the quarter. TriNet Group comprises about 1.1% of Mawer Investment Management Ltd.'s holdings, making the stock its 23rd biggest holding. Mawer Investment Management Ltd. owned about 6.21% of TriNet Group worth $238,046,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. bought a new stake in TriNet Group during the 4th quarter valued at about $1,395,000. Sei Investments Co. lifted its holdings in TriNet Group by 52.4% during the fourth quarter. Sei Investments Co. now owns 82,926 shares of the business services provider's stock valued at $7,527,000 after purchasing an additional 28,524 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new position in shares of TriNet Group in the fourth quarter worth $908,000. LPL Financial LLC lifted its holdings in shares of TriNet Group by 6.5% in the fourth quarter. LPL Financial LLC now owns 9,786 shares of the business services provider's stock worth $888,000 after buying an additional 597 shares in the last quarter. Finally, Vanguard Group Inc. increased its position in TriNet Group by 1.2% during the fourth quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider's stock valued at $271,585,000 after acquiring an additional 36,216 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price objective on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock in a report on Monday.

TriNet Group Stock Performance

Shares of NYSE TNET traded down $3.92 during midday trading on Friday, reaching $63.90. 542,179 shares of the stock were exchanged, compared to its average volume of 446,603. The firm has a market cap of $3.10 billion, a price-to-earnings ratio of 21.95 and a beta of 0.84. TriNet Group, Inc. has a twelve month low of $63.23 and a twelve month high of $104.06. The firm has a 50-day simple moving average of $74.25 and a two-hundred day simple moving average of $78.65. The company has a quick ratio of 1.08, a current ratio of 1.10 and a debt-to-equity ratio of 8.36.

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

TriNet Group Dividend Announcement

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

Insider Buying and Selling

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,437 shares of the firm's stock in a transaction 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 trade represents a 4.18% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Sidney A. Majalya sold 500 shares of the business's stock in a transaction dated 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 sale, the senior vice president owned 23,033 shares in the company, valued at approximately $1,914,963.62. This trade represents a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 2,120 shares of company stock worth $175,291 in the last quarter. Insiders own 38.10% of the company's stock.

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.