TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward Sells 1,364 Shares

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,364 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, the chief technology officer now directly owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Jeffery Jon Hayward also recently made the following trade(s):

• On Monday, January 13th, Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88.
• On Friday, November 29th, Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35.

TriNet Group Price Performance

Shares of TNET stock opened at $73.71 on Friday. The firm has a market cap of $3.65 billion, a P/E ratio of 21.55 and a beta of 1.21. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $134.67. The firm has a fifty day moving average of $87.15 and a two-hundred day moving average of $91.92.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $252.00 million during the quarter, compared to analyst estimates of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. As a group, research analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.36%. The ex-dividend date was Thursday, January 2nd. TriNet Group’s dividend payout ratio is currently 29.24%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. JPMorgan Chase & Co. lifted its position in shares of TriNet Group by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock worth $37,366,000 after buying an additional 39,351 shares during the last quarter. Summit Global Investments bought a new position in shares of TriNet Group in the 3rd quarter worth about $605,000. US Bancorp DE lifted its position in shares of TriNet Group by 9,893.1% in the 3rd quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock worth $698,000 after buying an additional 7,123 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in shares of TriNet Group by 32.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock worth $156,018,000 after buying an additional 391,720 shares during the last quarter. Finally, Simcoe Capital Management LLC bought a new position in shares of TriNet Group in the 3rd quarter worth about $16,966,000. 96.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TNET. TD Cowen lowered shares of TriNet Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a report on Friday, February 14th.

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.