XTX Topco Ltd Cuts Stake in TriNet Group, Inc. (NYSE:TNET)

XTX Topco Ltd trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 42.9% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,960 shares of the business services provider's stock after selling 5,231 shares during the quarter. XTX Topco Ltd's holdings in TriNet Group were worth $552,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. GAMMA Investing LLC boosted its holdings in shares of TriNet Group by 4,677.9% during the 1st quarter. GAMMA Investing LLC now owns 3,249 shares of the business services provider's stock valued at $257,000 after purchasing an additional 3,181 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of TriNet Group by 11.4% during the 1st 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. SG Americas Securities LLC bought a new position in shares of TriNet Group during the 1st quarter valued at about $987,000. Bank of New York Mellon Corp boosted its holdings in shares of TriNet Group by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider's stock valued at $18,406,000 after purchasing an additional 9,821 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new position in shares of TriNet Group during the 4th quarter valued at about $1,395,000. 96.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In related news, CTO Jeffery Jon Hayward sold 1,437 shares of the business's stock in a transaction 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 completion of the transaction, the chief technology officer directly owned 32,932 shares in the company, valued at $2,701,741.28. The trade was a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Sidney A. Majalya sold 500 shares of TriNet Group stock in a transaction 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 directly owned 23,033 shares of the company's stock, valued at $1,914,963.62. The trade was a 2.12% 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 90 days. 38.10% of the stock is currently owned by insiders.

TriNet Group Stock Down 0.4%

TNET stock traded down $0.26 during trading on Friday, hitting $63.54. 292,304 shares of the company's stock traded hands, compared to its average volume of 578,985. The firm has a market capitalization of $3.09 billion, a P/E ratio of 21.83 and a beta of 0.83. The business has a fifty day simple moving average of $72.03 and a two-hundred day simple moving average of $77.35. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. TriNet Group, Inc. has a 1 year low of $62.72 and a 1 year high of $104.06.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.03 by $0.12. The company had revenue of $282.90 million for 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 period last year, the company posted $1.53 earnings per share. Sell-side analysts anticipate 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 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 was Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.7%. TriNet Group's payout ratio is currently 37.80%.

Analyst Ratings Changes

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

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.