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

Numerai GP LLC reduced its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 37.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,081 shares of the business services provider's stock after selling 5,493 shares during the quarter. Numerai GP LLC's holdings in TriNet Group were worth $824,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in shares of 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 worth $271,585,000 after acquiring an additional 36,216 shares during the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of TriNet Group by 82.7% during the 4th quarter. Bank of New York Mellon Corp now owns 222,458 shares of the business services provider's stock valued at $20,193,000 after purchasing an additional 100,728 shares during the last quarter. Franklin Resources Inc. grew its position in shares of TriNet Group by 3.4% during the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock valued at $499,000 after purchasing an additional 169 shares in the last quarter. Barclays PLC increased its holdings in shares of TriNet Group by 201.0% in the third quarter. Barclays PLC now owns 94,649 shares of the business services provider's stock worth $9,179,000 after purchasing an additional 63,201 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC boosted its stake in TriNet Group by 246.6% during the fourth quarter. Hunter Perkins Capital Management LLC now owns 10,190 shares of the business services provider's stock valued at $925,000 after buying an additional 7,250 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Trading Down 0.9%

TNET traded down $0.75 on Tuesday, hitting $85.70. The company had a trading volume of 46,346 shares, compared to its average volume of 455,497. The business's fifty day simple moving average is $78.78 and its 200 day simple moving average is $84.79. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $116.26. The company has a market cap of $4.15 billion, a PE ratio of 25.03 and a beta of 0.91.

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

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.28%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend was Tuesday, April 1st. TriNet Group's payout ratio is presently 32.84%.

Insider Buying and Selling at TriNet Group

In related news, 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 completion of the sale, the chief technology officer now directly owns 19,867 shares of the company's stock, valued at approximately $1,377,975.12. This trade represents a 6.42% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the business's stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the transaction, the director now owns 36,991 shares of the company's stock, valued at approximately $2,565,695.76. The trade was a 1.60% decrease in their position. The disclosure for this sale can be found here. Company insiders own 38.10% of the company's stock.

Wall Street Analyst Weigh In

TNET has been the topic of a number of research reports. JPMorgan Chase & Co. lifted their price objective on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th. Finally, TD Cowen lowered 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.

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.