TriNet Group, Inc. (NYSE:TNET) Shares Sold by Bridgewater Associates LP

Bridgewater Associates LP reduced its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 52.3% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,763 shares of the business services provider's stock after selling 5,220 shares during the period. Bridgewater Associates LP's holdings in TriNet Group were worth $432,000 at the end of the most recent quarter.

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

TriNet Group Stock Performance

NYSE TNET traded up $0.95 during trading on Friday, reaching $78.53. The company's stock had a trading volume of 265,595 shares, compared to its average volume of 380,829. The business's fifty day moving average price is $75.63 and its 200-day moving average price is $86.06. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 23.10 and a beta of 1.06. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $127.60.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The business had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. As a group, analysts anticipate 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 will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a $0.275 dividend. This is a boost from TriNet Group's previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.10 annualized dividend and a yield of 1.40%. TriNet Group's dividend payout ratio is presently 32.16%.

Analyst Ratings Changes

TNET has been the subject of several analyst reports. TD Cowen cut TriNet Group from a "buy" rating to a "hold" rating and lowered their price objective for the stock from $104.00 to $74.00 in a research report on Tuesday, February 18th. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a research note on Thursday, March 13th.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction 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 completion of the transaction, the director now directly 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the company'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 $94,607.04. Following the completion of the sale, 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 disclosure for this sale can be found here. Insiders own 37.10% of the company's stock.

TriNet Group Company 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.