TriNet Group (NYSE:TNET) Shares Down 5.1%

TriNet Group, Inc. (NYSE:TNET) dropped 5.1% during trading on Monday . The stock traded as low as $105.21 and last traded at $105.32. Approximately 70,520 shares changed hands during mid-day trading, a decline of 75% from the average daily volume of 281,636 shares. The stock had previously closed at $110.99.

Analyst Ratings Changes

TNET has been the subject of several recent research reports. TD Cowen reduced their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price objective on shares of TriNet Group in a research note on Monday. Finally, StockNews.com downgraded TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $119.20.

TriNet Group Trading Down 6.4 %

The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 6.88. The company has a fifty day simple moving average of $104.06 and a 200-day simple moving average of $114.51. The company has a market capitalization of $5.25 billion, a PE ratio of 17.27 and a beta of 1.19.

TriNet Group (NYSE:TNET) last issued its earnings results on Friday, April 26th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.36). The company had revenue of $357.00 million during the quarter, compared to analysts’ expectations of $380.41 million. TriNet Group had a net margin of 6.29% and a return on equity of 427.62%. Analysts predict that TriNet Group, Inc. will post 4.82 EPS for the current year.

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 1st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend was Monday, July 1st. TriNet Group’s payout ratio is currently 16.39%.

Insider Transactions at TriNet Group

In other news, SVP Alexander G. Warren sold 1,867 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $103.74, for a total transaction of $193,682.58. Following the completion of the transaction, the senior vice president now directly owns 32,661 shares in the company, valued at approximately $3,388,252.14. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total transaction of $37,882.50. Following the completion of the transaction, the director now directly owns 36,341 shares in the company, valued at approximately $3,671,167.82. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Alexander G. Warren sold 1,867 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $103.74, for a total value of $193,682.58. Following the transaction, the senior vice president now owns 32,661 shares of the company’s stock, valued at $3,388,252.14. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

A number of hedge funds have recently modified their holdings of the business. Assenagon Asset Management S.A. acquired a new position in TriNet Group during the 4th quarter worth about $1,477,000. Blue Trust Inc. lifted its stake in TriNet Group by 15.7% during the 4th quarter. Blue Trust Inc. now owns 798 shares of the business services provider’s stock worth $93,000 after acquiring an additional 108 shares in the last quarter. Colonial River Wealth Management LLC acquired a new position in TriNet Group during the 4th quarter worth about $307,000. Prime Capital Investment Advisors LLC lifted its stake in TriNet Group by 25.0% during the 4th quarter. Prime Capital Investment Advisors LLC now owns 2,626 shares of the business services provider’s stock worth $312,000 after acquiring an additional 526 shares in the last quarter. Finally, New York State Teachers Retirement System acquired a new position in TriNet Group during the 4th quarter worth about $341,000. 96.81% of the stock is currently owned by hedge funds and other 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.