GSA Capital Partners LLP Has $1.66 Million Holdings in TriNet Group, Inc. (NYSE:TNET)

GSA Capital Partners LLP trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET) by 41.4% during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 17,139 shares of the business services provider’s stock after selling 12,129 shares during the period. GSA Capital Partners LLP’s holdings in TriNet Group were worth $1,662,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in TNET. Jane Street Group LLC grew its position in TriNet Group by 67.7% during the 1st quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock worth $152,354,000 after purchasing an additional 464,289 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in TriNet Group by 960.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock worth $31,269,000 after purchasing an additional 213,752 shares in the last quarter. Point72 Asset Management L.P. purchased a new position in TriNet Group during the 2nd quarter worth approximately $20,610,000. Earnest Partners LLC grew its position in TriNet Group by 19.8% during the 1st quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider’s stock worth $119,020,000 after purchasing an additional 148,779 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in TriNet Group by 9.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock worth $121,721,000 after purchasing an additional 103,809 shares in the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at TriNet Group

In related news, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the sale, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction on Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the transaction, the director now owns 37,591 shares of the company’s stock, valued at $3,241,471.93. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following the transaction, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is owned by company insiders.

TriNet Group Stock Down 0.5 %

TNET stock opened at $95.82 on Wednesday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67. The company has a fifty day simple moving average of $94.00 and a 200 day simple moving average of $99.37. The firm has a market cap of $4.75 billion, a PE ratio of 18.46 and a beta of 1.20.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date was Tuesday, October 1st. TriNet Group’s payout ratio is presently 19.27%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. TD Cowen decreased their target price on shares of TriNet Group from $110.00 to $92.00 and set a “buy” rating for the company in a research note on Monday, October 28th. Needham & Company LLC lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $114.00.

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.