XTX Topco Ltd Sells 5,231 Shares of TriNet Group, Inc. (NYSE:TNET)

XTX Topco Ltd lessened its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 42.9% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,960 shares of the business services provider's stock after selling 5,231 shares during the period. XTX Topco Ltd's holdings in TriNet Group were worth $552,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. LRI Investments LLC raised its position in TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock worth $60,000 after acquiring an additional 573 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of TriNet Group in the 1st quarter worth approximately $206,000. Xponance Inc. boosted its holdings in shares of TriNet Group by 6.4% in the first quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock worth $207,000 after buying an additional 157 shares during the period. AE Wealth Management LLC acquired a new stake in shares of TriNet Group during the first quarter valued at approximately $208,000. Finally, Mariner LLC boosted its stake in TriNet Group by 13.7% in the 4th quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock worth $251,000 after purchasing an additional 333 shares during the period. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Up 0.6%

NYSE:TNET traded up $0.39 on Thursday, hitting $63.82. 494,036 shares of the company's stock traded hands, compared to its average volume of 574,004. The company has a market cap of $3.10 billion, a PE ratio of 21.93 and a beta of 0.83. TriNet Group, Inc. has a 1 year low of $62.72 and a 1 year high of $104.06. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. The firm has a 50-day moving average price of $72.43 and a 200-day moving average price of $77.68.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.03 by $0.12. The business had revenue of $282.90 million during the quarter, compared to analysts' expectations 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. Equities analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st were paid a $0.275 dividend. The ex-dividend date of this dividend 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 is 37.80%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, SVP Sidney A. Majalya sold 500 shares of the firm's stock in a transaction dated Wednesday, May 21st. The stock was 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 directly owned 23,033 shares of the company's stock, valued at $1,914,963.62. This trade represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total value of $117,891.48. Following the sale, the chief technology officer owned 32,932 shares of the company's stock, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,120 shares of company stock worth $175,291 over the last ninety days. 38.10% of the stock is currently owned by company insiders.

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.