Janus Henderson Group PLC Reduces Holdings in TriNet Group, Inc. (NYSE:TNET)

Janus Henderson Group PLC trimmed its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 60.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 145,733 shares of the business services provider's stock after selling 221,742 shares during the period. Janus Henderson Group PLC owned approximately 0.29% of TriNet Group worth $13,224,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in the business. Avion Wealth lifted its position in TriNet Group by 14.9% during the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after purchasing an additional 140 shares during the period. Summit Investment Advisors Inc. raised its position in TriNet Group by 4.7% during the fourth quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider's stock valued at $304,000 after acquiring an additional 149 shares in the last quarter. Franklin Resources Inc. lifted its holdings in TriNet Group by 3.4% in the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider's stock valued at $499,000 after acquiring an additional 169 shares during the period. Linden Thomas Advisory Services LLC grew its stake in shares of TriNet Group by 2.6% during the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider's stock worth $702,000 after purchasing an additional 196 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after purchasing an additional 240 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Price Performance

TriNet Group stock traded down $1.08 during mid-day trading on Tuesday, reaching $85.37. The company had a trading volume of 262,154 shares, compared to its average volume of 385,416. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $116.26. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The stock's 50-day simple moving average is $78.78 and its 200-day simple moving average is $84.79. The company has a market capitalization of $4.13 billion, a P/E ratio of 24.96 and a beta of 0.91.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. The business had revenue of $1.29 billion during 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 period last year, the company posted $2.18 EPS. On average, equities analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were given a dividend of $0.275 per share. The ex-dividend date was Tuesday, April 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.29%. This is a positive change from TriNet Group's previous quarterly dividend of $0.25. TriNet Group's dividend payout ratio (DPR) is 32.84%.

Insider Buying and Selling at TriNet Group

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

Analyst Ratings Changes

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

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.