TriNet Group, Inc. (NYSE:TNET) CTO Sells $168,137.62 in Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,813 shares of the firm’s stock in a transaction dated Friday, November 22nd. The shares were sold at an average price of $92.74, for a total transaction of $168,137.62. Following the sale, the chief technology officer now directly owns 36,951 shares in the company, valued at approximately $3,426,835.74. The trade was a 4.68 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

TriNet Group Price Performance

NYSE TNET opened at $92.90 on Friday. The company’s 50 day moving average is $93.04 and its two-hundred day moving average is $98.55. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. The stock has a market cap of $4.61 billion, a price-to-earnings ratio of 17.90 and a beta of 1.20. TriNet Group, Inc. has a 12 month low of $74.32 and a 12 month high of $134.67.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.08%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Analyst Ratings Changes

Several analysts recently commented on TNET shares. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a report on Monday, October 28th. TD Cowen upped their price target on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $117.00.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of TriNet Group by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock worth $376,053,000 after buying an additional 52,240 shares in the last quarter. CANADA LIFE ASSURANCE Co increased its holdings in TriNet Group by 2.8% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 28,226 shares of the business services provider’s stock valued at $3,746,000 after acquiring an additional 778 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in TriNet Group by 960.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock valued at $31,269,000 after acquiring an additional 213,752 shares during the last quarter. LRI Investments LLC purchased a new stake in TriNet Group in the 1st quarter worth $81,000. Finally, Boston Partners boosted its holdings in shares of TriNet Group by 20.8% during the 1st quarter. Boston Partners now owns 108,157 shares of the business services provider’s stock valued at $14,319,000 after purchasing an additional 18,586 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

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.