Jacobs Levy Equity Management Inc. Sells 89,386 Shares of TriNet Group, Inc. (NYSE:TNET)

Jacobs Levy Equity Management Inc. reduced its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 16.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 461,018 shares of the business services provider's stock after selling 89,386 shares during the period. Jacobs Levy Equity Management Inc. owned about 0.93% of TriNet Group worth $41,847,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Deutsche Bank AG raised its position in shares of TriNet Group by 49.4% during the 4th quarter. Deutsche Bank AG now owns 29,122 shares of the business services provider's stock valued at $2,643,000 after acquiring an additional 9,627 shares in the last quarter. Bank of America Corp DE increased its position in TriNet Group by 4.7% in the fourth quarter. Bank of America Corp DE now owns 184,032 shares of the business services provider's stock worth $16,705,000 after buying an additional 8,299 shares during the period. BNP Paribas Financial Markets increased its position in TriNet Group by 42.6% in the fourth quarter. BNP Paribas Financial Markets now owns 60,091 shares of the business services provider's stock worth $5,454,000 after buying an additional 17,945 shares during the period. Ameriprise Financial Inc. increased its position in TriNet Group by 239.3% in the fourth quarter. Ameriprise Financial Inc. now owns 22,914 shares of the business services provider's stock worth $2,080,000 after buying an additional 16,160 shares during the period. Finally, ArrowMark Colorado Holdings LLC acquired a new stake in TriNet Group in the fourth quarter worth $35,567,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

TriNet Group Price Performance

TNET stock traded up $1.67 on Thursday, hitting $85.55. 434,823 shares of the company's stock traded hands, compared to its average volume of 384,421. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $116.26. The stock has a market cap of $4.14 billion, a price-to-earnings ratio of 25.01 and a beta of 0.91. The stock has a fifty day moving average of $78.02 and a 200-day moving average of $84.77. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16.

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

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were paid a $0.275 dividend. This is an increase from TriNet Group's previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 1.29%. The ex-dividend date of this dividend was Tuesday, April 1st. TriNet Group's dividend payout ratio is currently 32.84%.

Insider Buying and Selling

In other news, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction 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 represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the business'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 value of $94,607.04. Following the completion of the sale, the chief technology officer now 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 ownership of the stock. The disclosure for this sale can be found here. Company insiders own 38.10% 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.