Y Intercept Hong Kong Ltd Acquires Shares of 5,732 TriNet Group, Inc. (NYSE:TNET)

Y Intercept Hong Kong Ltd acquired a new stake in TriNet Group, Inc. (NYSE:TNET) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 5,732 shares of the business services provider’s stock, valued at approximately $520,000.

Several other institutional investors also recently bought and sold shares of the business. Handelsbanken Fonder AB grew its holdings in TriNet Group by 14.6% in the fourth quarter. Handelsbanken Fonder AB now owns 8,637 shares of the business services provider’s stock valued at $784,000 after purchasing an additional 1,100 shares during the period. State of New Jersey Common Pension Fund D grew its holdings in TriNet Group by 20.1% in the fourth quarter. State of New Jersey Common Pension Fund D now owns 23,576 shares of the business services provider’s stock valued at $2,140,000 after purchasing an additional 3,952 shares during the period. Rhumbline Advisers grew its holdings in TriNet Group by 3.4% in the fourth quarter. Rhumbline Advisers now owns 47,452 shares of the business services provider’s stock valued at $4,307,000 after purchasing an additional 1,558 shares during the period. Avion Wealth grew its holdings in TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 140 shares during the period. Finally, Hunter Perkins Capital Management LLC grew its holdings in TriNet Group by 246.6% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 10,190 shares of the business services provider’s stock valued at $925,000 after purchasing an additional 7,250 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76. The trade was a 1.60 % 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, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the completion of the sale, the chief technology officer now owns 19,867 shares in the company, valued at $1,377,975.12. This represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,748 shares of company stock valued at $833,436. Insiders own 37.10% of the company’s stock.

TriNet Group Stock Performance

Shares of NYSE:TNET opened at $73.71 on Friday. 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 business’s 50 day moving average price is $87.15 and its 200-day moving average price is $91.92. The firm has a market capitalization of $3.65 billion, a PE ratio of 21.55 and a beta of 1.21. TriNet Group, Inc. has a 1 year low of $65.43 and a 1 year high of $134.67.

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

TriNet Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TNET. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research note on Friday, February 14th. TD Cowen lowered TriNet Group from a “buy” rating to a “hold” rating and lowered their price target for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

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.