Y Intercept Hong Kong Ltd Acquires New Stake in TriNet Group, Inc. (NYSE:TNET)

Y Intercept Hong Kong Ltd acquired a new stake in TriNet Group, Inc. (NYSE:TNET) during the 4th quarter, Holdings Channel.com reports. The firm acquired 5,732 shares of the business services provider’s stock, valued at approximately $520,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. TD Private Client Wealth LLC raised its holdings in shares of TriNet Group by 25.5% in the 3rd 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 period. KBC Group NV raised its holdings in shares of TriNet Group by 26.5% in the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after buying an additional 199 shares during the period. Avion Wealth raised its holdings in shares of TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after buying an additional 140 shares during the period. Janney Montgomery Scott LLC purchased a new stake in shares of TriNet Group in the 4th quarter valued at $230,000. Finally, Quadrature Capital Ltd purchased a new stake in shares of TriNet Group in the 3rd quarter valued at $275,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on TNET shares. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a report on Friday, February 14th. TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $104.00 to $74.00 in a report on Tuesday, February 18th.

TriNet Group Price Performance

Shares of NYSE TNET opened at $73.71 on Friday. The stock’s 50-day moving average is $87.15 and its two-hundred day moving average is $91.92. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $134.67. The company has a market cap of $3.65 billion, a price-to-earnings ratio of 21.55 and a beta of 1.21.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. Analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.36%. TriNet Group’s dividend payout ratio is currently 29.24%.

Insider Transactions at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,364 shares of the company’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the transaction, the chief technology officer now directly owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. This represents a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 9,748 shares of company stock valued at $833,436. 37.10% of the stock is currently owned by corporate insiders.

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.