SG Americas Securities LLC Makes New Investment in TriNet Group, Inc. (NYSE:TNET)

SG Americas Securities LLC purchased a new position in shares of TriNet Group, Inc. (NYSE:TNET) during the 1st quarter, Holdings Channel.com reports. The institutional investor purchased 12,456 shares of the business services provider’s stock, valued at approximately $987,000.

Several other hedge funds also recently modified their holdings of TNET. Rhumbline Advisers boosted its stake in shares of TriNet Group by 3.4% during the 4th quarter. Rhumbline Advisers now owns 47,452 shares of the business services provider’s stock worth $4,307,000 after purchasing an additional 1,558 shares during the last quarter. State of New Jersey Common Pension Fund D boosted its stake in shares of TriNet Group by 20.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 23,576 shares of the business services provider’s stock worth $2,140,000 after purchasing an additional 3,952 shares during the last quarter. Handelsbanken Fonder AB boosted its stake in shares of TriNet Group by 14.6% during the 4th quarter. Handelsbanken Fonder AB now owns 8,637 shares of the business services provider’s stock worth $784,000 after purchasing an additional 1,100 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of TriNet Group during the 4th quarter worth about $520,000. Finally, IFP Advisors Inc boosted its stake in shares of TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after purchasing an additional 240 shares during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,437 shares of the firm’s stock in a transaction that occurred on Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total value of $117,891.48. Following the transaction, the chief technology officer now owns 32,932 shares in the company, valued at approximately $2,701,741.28. This trade represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Sidney A. Majalya sold 500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total transaction of $41,570.00. Following the completion of the transaction, the senior vice president now owns 23,033 shares in the company, valued at $1,914,963.62. The trade was a 2.12% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 2,120 shares of company stock worth $175,291 in the last three months. Company insiders own 38.10% of the company’s stock.

TriNet Group Trading Down 2.0%

Shares of TNET stock opened at $75.01 on Thursday. The firm has a market cap of $3.63 billion, a P/E ratio of 22.39 and a beta of 0.90. TriNet Group, Inc. has a 1-year low of $65.43 and a 1-year high of $116.26. The company has a debt-to-equity ratio of 14.43, a current ratio of 1.08 and a quick ratio of 1.08. The firm’s 50-day simple moving average is $80.47 and its 200-day simple moving average is $83.25.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Friday, April 25th. The business services provider reported $1.99 earnings per share for the quarter, topping the consensus estimate of $1.67 by $0.32. The business had revenue of $1.29 billion for the quarter, compared to analyst estimates of $319.36 million. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. During the same period in the prior year, the firm posted $2.18 EPS. As a group, equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.47%. TriNet Group’s payout ratio is currently 32.84%.

Wall Street Analyst Weigh In

Several research firms have issued reports on TNET. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research note on Thursday, March 13th. JPMorgan Chase & Co. increased their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the stock an “underweight” rating in a report on Monday, April 28th.

TriNet Group 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.