Insider Selling: TriNet Group, Inc. (NYSE:TNET) CTO Sells 1,437 Shares of Stock

TriNet Group, Inc. (NYSE:TNET - Get Free Report) CTO Jeffery Jon Hayward sold 1,437 shares of the business's stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total value of $117,891.48. Following the transaction, the chief technology officer now directly owns 32,932 shares of the company's stock, valued at $2,701,741.28. The trade was a 4.18% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink.

Jeffery Jon Hayward also recently made the following trade(s):

• On Tuesday, May 20th, Jeffery Jon Hayward sold 183 shares of TriNet Group stock. The stock was sold at an average price of $86.50, for a total transaction of $15,829.50.

TriNet Group Trading Up 0.4%

TriNet Group stock traded up $0.33 during mid-day trading on Tuesday, hitting $82.57. The company's stock had a trading volume of 63,166 shares, compared to its average volume of 437,417. The business has a 50 day moving average price of $79.71 and a 200-day moving average price of $84.11. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $116.26. The stock has a market cap of $4.00 billion, a price-to-earnings ratio of 24.14 and a beta of 0.91.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 EPS for the quarter, topping 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 return on equity of 200.82% and a net margin of 3.46%. During the same period in the previous year, the firm earned $2.18 EPS. As a group, analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This represents a $1.10 annualized dividend and a yield of 1.33%. This is a boost from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is 32.84%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on TNET. JPMorgan Chase & Co. lifted their price target on TriNet Group from $75.00 to $76.00 and gave the stock an "underweight" rating in a research note on Monday, April 28th. TD Cowen lowered TriNet Group from a "buy" rating to a "hold" rating and cut their target price for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a research report on Thursday, March 13th.

Institutional Trading of TriNet Group

Several large investors have recently added to or reduced their stakes in TNET. Barclays PLC lifted its holdings in 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 buying an additional 63,201 shares during the period. Janney Montgomery Scott LLC purchased a new position in shares of TriNet Group in the 4th quarter worth about $230,000. KBC Group NV boosted its stake in TriNet Group by 43.7% in the 4th quarter. KBC Group NV now owns 1,365 shares of the business services provider's stock worth $124,000 after purchasing an additional 415 shares in the last quarter. Avion Wealth boosted its stake in TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock worth $98,000 after purchasing an additional 140 shares in the last quarter. Finally, Rhumbline Advisers grew its position in TriNet Group by 3.4% during the 4th quarter. Rhumbline Advisers now owns 47,452 shares of the business services provider's stock valued at $4,307,000 after purchasing an additional 1,558 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

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.