TriNet Group, Inc. (NYSE:TNET) Shares Sold by Quest Partners LLC

Quest Partners LLC lessened its position in shares of TriNet Group, Inc. (NYSE:TNET) by 77.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,488 shares of the business services provider’s stock after selling 5,101 shares during the period. Quest Partners LLC’s holdings in TriNet Group were worth $149,000 as of its most recent SEC filing.

Several other large investors have also recently added to or reduced their stakes in TNET. Principal Securities Inc. acquired a new position in shares of TriNet Group during the fourth quarter worth approximately $26,000. Rothschild Investment LLC acquired a new position in TriNet Group in the second quarter worth approximately $45,000. Blue Trust Inc. grew its holdings in shares of TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after acquiring an additional 104 shares during the last quarter. Avion Wealth raised its holdings in TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after buying an additional 129 shares during the period. Finally, LRI Investments LLC acquired a new stake in shares of TriNet Group during the first quarter valued at approximately $81,000. 96.81% of the stock is currently owned by institutional investors.

Insider Activity at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the sale, the director now owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the sale, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s 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 sale, the chief financial officer now owns 82,409 shares of the company’s stock, valued at $8,484,830.64. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by company insiders.

TriNet Group Stock Performance

Shares of TriNet Group stock opened at $97.98 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84. The stock’s fifty day simple moving average is $100.28 and its 200 day simple moving average is $109.34. TriNet Group, Inc. has a 12 month low of $91.59 and a 12 month high of $134.67. The company has a market capitalization of $4.95 billion, a PE ratio of 16.06 and a beta of 1.17.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.29. The company had revenue of $310.00 million during the quarter, compared to analysts’ expectations of $301.76 million. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. On average, research analysts predict that TriNet Group, Inc. will post 5.13 EPS for the current year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.02%. TriNet Group’s payout ratio is 16.39%.

Wall Street Analysts Forecast Growth

TNET has been the subject of several research reports. Needham & Company LLC restated a “buy” rating and set a $140.00 price target on shares of TriNet Group in a report on Wednesday, September 11th. TD Cowen decreased their price target 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. Finally, JPMorgan Chase & Co. decreased their price objective on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $118.40.

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.