TriNet Group, Inc. (NYSE:TNET - Get Free Report) Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $64.18, for a total value of $38,508.00. Following the completion of the transaction, the director owned 38,440 shares of the company's stock, valued at approximately $2,467,079.20. This represents a 1.54% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.
TriNet Group Price Performance
Shares of TNET stock traded down $0.73 on Monday, reaching $62.84. 361,277 shares of the company were exchanged, compared to its average volume of 446,733. TriNet Group, Inc. has a 1 year low of $62.55 and a 1 year high of $104.06. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50-day moving average price of $71.64 and a 200 day moving average price of $77.02. The company has a market cap of $3.05 billion, a price-to-earnings ratio of 21.59 and a beta of 0.83.
TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings data 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 company had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%. During the same period in the previous year, the business earned $1.53 EPS. Equities research analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.
TriNet Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Tuesday, July 1st. TriNet Group's dividend payout ratio (DPR) is 37.80%.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. CWM LLC boosted its holdings in TriNet Group by 140.5% in the 2nd quarter. CWM LLC now owns 582 shares of the business services provider's stock valued at $43,000 after purchasing an additional 340 shares during the last quarter. Hilltop National Bank acquired a new position in TriNet Group in the 2nd quarter valued at about $43,000. LRI Investments LLC grew its position in TriNet Group by 643.8% in the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after acquiring an additional 573 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in TriNet Group by 58.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider's stock worth $182,000 after purchasing an additional 845 shares during the period. Finally, AlphaQuest LLC lifted its position in shares of TriNet Group by 633.5% during the first quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider's stock worth $196,000 after purchasing an additional 2,135 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. cut their price objective on TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a research report on Monday, July 28th.
Read Our Latest Report on TNET
About TriNet Group
(
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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.
Further Reading

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