Mirador Capital Partners LP Sells 283 Shares of TriNet Group, Inc. (NYSE:TNET)

Mirador Capital Partners LP trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET) by 1.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 17,805 shares of the business services provider’s stock after selling 283 shares during the period. Mirador Capital Partners LP’s holdings in TriNet Group were worth $1,616,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its stake in 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 acquiring an additional 391,720 shares in the last quarter. Wellington Management Group LLP boosted its stake in shares of TriNet Group by 16.2% during the third quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock valued at $128,169,000 after purchasing an additional 184,186 shares in the last quarter. Earnest Partners LLC lifted its position in TriNet Group by 1.9% during the second quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider’s stock valued at $91,504,000 after acquiring an additional 16,708 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in TriNet Group by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider’s stock valued at $82,304,000 after acquiring an additional 9,386 shares during the last quarter. Finally, Jacobs Levy Equity Management Inc. raised its holdings in shares of TriNet Group by 41.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock worth $53,373,000 after buying an additional 162,578 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Price Performance

Shares of TNET stock opened at $92.70 on Thursday. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The firm’s 50-day moving average is $92.21 and its two-hundred day moving average is $95.61. TriNet Group, Inc. has a 12 month low of $74.32 and a 12 month high of $134.67. The company has a market capitalization of $4.60 billion, a PE ratio of 17.86 and a beta of 1.21.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.08%. The ex-dividend date is Thursday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other news, CTO Jeffery Jon Hayward sold 2,345 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The shares were sold at an average price of $93.03, for a total value of $218,155.35. Following the sale, the chief technology officer now directly owns 34,606 shares of the company’s stock, valued at approximately $3,219,396.18. The trade was a 6.35 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred 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. This trade represents a 0.99 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 12,317 shares of company stock valued at $1,115,842 over the last ninety days. Company insiders own 37.10% of the company’s stock.

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.