TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward Sells 1,437 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,437 shares of the business’s stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total transaction of $117,891.48. Following the transaction, the chief technology officer now owns 32,932 shares in the company, valued at $2,701,741.28. This represents a 4.18% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

• On Tuesday, May 20th, Jeffery Jon Hayward sold 183 shares of TriNet Group stock. The shares were sold at an average price of $86.50, for a total value of $15,829.50.

TriNet Group Price Performance

Shares of NYSE TNET opened at $82.11 on Friday. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $3.97 billion, a price-to-earnings ratio of 24.01 and a beta of 0.91. The company has a 50 day simple moving average of $79.55 and a two-hundred day simple moving average of $84.44. TriNet Group, Inc. has a fifty-two week low of $65.43 and a fifty-two week high of $116.26.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.67 by $0.32. The firm had revenue of $1.29 billion during the quarter, compared to analyst estimates of $319.36 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. During the same quarter in the previous year, the firm earned $2.18 EPS. Analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 28th. Investors of record on Tuesday, April 1st were given a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, April 1st. This is a boost from TriNet Group’s previous quarterly dividend of $0.25. This represents a $1.10 annualized dividend and a yield of 1.34%. TriNet Group’s dividend payout ratio is 32.84%.

Institutional Trading of TriNet Group

Several institutional investors have recently added to or reduced their stakes in the business. LRI Investments LLC raised its stake in shares of TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock worth $60,000 after purchasing an additional 573 shares during the last quarter. IFP Advisors Inc boosted its position in shares of TriNet Group by 45.5% during the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after buying an additional 240 shares during the last quarter. Avion Wealth increased its holdings in TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after buying an additional 140 shares in the last quarter. KBC Group NV increased its holdings in TriNet Group by 43.7% in the 4th quarter. KBC Group NV now owns 1,365 shares of the business services provider’s stock worth $124,000 after buying an additional 415 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its position in TriNet Group by 118.8% in the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock worth $131,000 after buying an additional 785 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

TNET has been the subject of several research reports. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and reduced their price target for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th. Finally, JPMorgan Chase & Co. increased their price objective on TriNet Group from $75.00 to $76.00 and gave the stock an “underweight” rating in a report on Monday, April 28th.

About TriNet Group

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.