TriNet Group, Inc. (NYSE:TNET) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp trimmed its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 84.9% in the fourth quarter, Holdings Channel reports. The firm owned 1,699 shares of the business services provider’s stock after selling 9,527 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in TriNet Group were worth $154,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. FMR LLC lifted its stake in shares of TriNet Group by 38.5% during the third quarter. FMR LLC now owns 9,017 shares of the business services provider’s stock worth $874,000 after purchasing an additional 2,506 shares in the last quarter. Captrust Financial Advisors lifted its position in TriNet Group by 22.9% during the 3rd quarter. Captrust Financial Advisors now owns 3,260 shares of the business services provider’s stock worth $316,000 after acquiring an additional 608 shares in the last quarter. Verition Fund Management LLC boosted its holdings in TriNet Group by 75.5% in the 3rd quarter. Verition Fund Management LLC now owns 7,535 shares of the business services provider’s stock worth $731,000 after acquiring an additional 3,241 shares during the period. Jacobs Levy Equity Management Inc. grew its position in TriNet Group by 41.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock valued at $53,373,000 after acquiring an additional 162,578 shares in the last quarter. Finally, Royal London Asset Management Ltd. raised its stake in shares of TriNet Group by 1.2% during the third quarter. Royal London Asset Management Ltd. now owns 226,619 shares of the business services provider’s stock valued at $21,919,000 after purchasing an additional 2,633 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on TNET shares. TD Cowen lowered shares of TriNet Group from a “buy” rating to a “hold” rating and lowered their price target for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th.

Insider Activity

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the sale, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares of the company’s stock, valued at $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 worth $833,436. 37.10% of the stock is currently owned by insiders.

TriNet Group Trading Up 0.2 %

TNET opened at $79.56 on Thursday. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $134.67. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The stock has a market capitalization of $3.94 billion, a PE ratio of 23.26 and a beta of 1.26. The firm’s fifty day moving average price is $80.63 and its 200 day moving average price is $88.49.

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

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be given a $0.275 dividend. This is a positive change from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, April 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.38%. TriNet Group’s dividend payout ratio (DPR) is presently 32.16%.

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.