Numerai GP LLC Sells 5,493 Shares of TriNet Group, Inc. (NYSE:TNET)

Numerai GP LLC lowered its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 37.7% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 9,081 shares of the business services provider's stock after selling 5,493 shares during the period. Numerai GP LLC's holdings in TriNet Group were worth $824,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. LRI Investments LLC raised its position in shares of TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after buying an additional 573 shares in the last quarter. IFP Advisors Inc raised its position in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after buying an additional 240 shares in the last quarter. Avion Wealth raised its position in shares of TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after buying an additional 140 shares in the last quarter. KBC Group NV raised its position in shares of TriNet Group by 43.7% in the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock valued at $124,000 after buying an additional 415 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in shares of TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider's stock valued at $131,000 after buying an additional 785 shares in the last quarter. Institutional investors own 96.81% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have commented on TNET shares. TD Cowen downgraded shares of TriNet Group from a "buy" rating to a "hold" rating and lowered their price objective for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday, April 28th.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the sale, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the firm's stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. The trade was a 6.42% decrease in their position. The disclosure for this sale can be found here. 38.10% of the stock is currently owned by company insiders.

TriNet Group Trading Up 0.7%

TNET traded up $0.56 during trading on Friday, reaching $86.06. 284,398 shares of the stock traded hands, compared to its average volume of 386,299. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a market capitalization of $4.17 billion, a PE ratio of 25.16 and a beta of 0.91. The stock's 50-day moving average is $78.50 and its 200 day moving average is $84.78. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $116.26.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, beating analysts' consensus estimates 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 in the prior year, the firm posted $2.18 earnings per share. Equities analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were issued a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.28%. The ex-dividend date was Tuesday, April 1st. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio 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.