Jump Financial LLC Sells 13,690 Shares of TriNet Group, Inc. (NYSE:TNET)

Jump Financial LLC trimmed its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 71.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,600 shares of the business services provider's stock after selling 13,690 shares during the period. Jump Financial LLC's holdings in TriNet Group were worth $508,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. XTX Topco Ltd bought a new stake in shares of TriNet Group in the 4th quarter worth approximately $1,107,000. Mariner LLC boosted its holdings in TriNet Group by 13.7% in the fourth quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock worth $251,000 after acquiring an additional 333 shares in the last quarter. Barclays PLC grew its stake in shares of TriNet Group by 19.9% in the fourth quarter. Barclays PLC now owns 113,472 shares of the business services provider's stock worth $10,300,000 after acquiring an additional 18,823 shares during the last quarter. Summit Investment Advisors Inc. increased its holdings in shares of TriNet Group by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock valued at $304,000 after acquiring an additional 149 shares in the last quarter. Finally, Paralel Advisors LLC raised its position in shares of TriNet Group by 10.0% in the 4th quarter. Paralel Advisors LLC now owns 18,949 shares of the business services provider's stock worth $1,720,000 after purchasing an additional 1,720 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on TNET. Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and reduced their price target for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th. Finally, JPMorgan Chase & Co. raised their price target on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday.

Insider Transactions at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. This trade represents a 6.42 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the sale, the director now owns 36,991 shares in the company, valued at $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company's stock.

TriNet Group Stock Performance

TNET stock traded up $0.08 on Wednesday, hitting $78.44. The company had a trading volume of 393,244 shares, compared to its average volume of 382,628. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $116.26. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock's 50-day simple moving average is $76.28 and its 200 day simple moving average is $85.55. The stock has a market cap of $3.80 billion, a price-to-earnings ratio of 22.94 and a beta of 1.06.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.32. The business had revenue of $1.29 billion for the quarter, compared to analysts' expectations of $319.36 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. During the same quarter last year, the company posted $2.18 EPS. As a group, equities research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.40%. The ex-dividend date was Tuesday, April 1st. This is a boost from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) 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.