TriNet Group, Inc. (NYSE:TNET) CTO Sells $697,212.88 in Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the sale, the chief technology officer now owns 21,769 shares of the company’s stock, valued at approximately $1,949,849.33. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

• 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.
• On Friday, November 22nd, Jeffery Jon Hayward sold 1,813 shares of TriNet Group stock. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62.

TriNet Group Stock Performance

TNET traded up $1.17 during trading on Wednesday, hitting $93.04. The stock had a trading volume of 182,515 shares, compared to its average volume of 233,357. 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 12 month low of $74.32 and a 12 month high of $134.67. The company has a 50 day simple moving average of $92.22 and a 200-day simple moving average of $95.62. The firm has a market cap of $4.61 billion, a PE ratio of 17.93 and a beta of 1.21.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Investors of record on Thursday, January 2nd will be given a dividend of $0.25 per share. The ex-dividend date is Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. TriNet Group’s dividend payout ratio is presently 19.27%.

Institutional Trading of TriNet Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in TNET. Chase Investment Counsel Corp bought a new stake in shares of TriNet Group in the second quarter valued at approximately $875,000. Victory Capital Management Inc. boosted its holdings in TriNet Group by 6.7% in the 2nd quarter. Victory Capital Management Inc. now owns 23,759 shares of the business services provider’s stock valued at $2,376,000 after purchasing an additional 1,485 shares during the period. Oppenheimer Asset Management Inc. grew its position in TriNet Group by 25.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,857 shares of the business services provider’s stock worth $2,186,000 after purchasing an additional 4,400 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of 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 during the period. Finally, Dimensional Fund Advisors LP raised its position in shares of 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 buying an additional 9,386 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analyst Ratings Changes

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

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.