Harbor Capital Advisors Inc. Sells 784 Shares of TriNet Group, Inc. (NYSE:TNET)

Harbor Capital Advisors Inc. cut its holdings in TriNet Group, Inc. (NYSE:TNET) by 4.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,862 shares of the business services provider’s stock after selling 784 shares during the quarter. Harbor Capital Advisors Inc.’s holdings in TriNet Group were worth $1,712,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. TD Private Client Wealth LLC boosted its position in shares of TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after buying an additional 121 shares during the last quarter. Headlands Technologies LLC purchased a new stake in shares of TriNet Group during the 2nd quarter valued at about $93,000. KBC Group NV grew its stake in shares of TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after acquiring an additional 199 shares during the period. Aristides Capital LLC purchased a new position in shares of TriNet Group during the second quarter valued at approximately $258,000. Finally, Quadrature Capital Ltd bought a new position in TriNet Group during the third quarter valued at approximately $275,000. Institutional investors own 96.81% of the company’s stock.

Insider Transactions at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s 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 sale, the director now owns 37,591 shares in the company, valued at approximately $3,241,471.93. This trade represents a 0.99 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,813 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the completion of the transaction, the chief technology officer now owns 36,951 shares of the company’s stock, valued at approximately $3,426,835.74. The trade was a 4.68 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 4,533 shares of company stock valued at $418,629 over the last quarter. 37.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the stock. JPMorgan Chase & Co. reiterated an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. Needham & Company LLC downgraded TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a report on Monday, October 28th. Finally, TD Cowen boosted their price target on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, TriNet Group presently has an average rating of “Hold” and an average price target of $117.00.

TriNet Group Trading Down 0.3 %

NYSE:TNET opened at $89.92 on Monday. TriNet Group, Inc. has a one year low of $74.32 and a one year high of $134.67. The business has a fifty day moving average price of $91.86 and a 200-day moving average price of $95.74. The firm has a market capitalization of $4.46 billion, a price-to-earnings ratio of 17.33 and a beta of 1.21. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date is Thursday, January 2nd. TriNet Group’s payout ratio is 19.27%.

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.