JLB & Associates Inc. Cuts Position in TriNet Group, Inc. (NYSE:TNET)

JLB & Associates Inc. decreased its position in TriNet Group, Inc. (NYSE:TNET) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,969 shares of the business services provider’s stock after selling 1,108 shares during the quarter. JLB & Associates Inc.’s holdings in TriNet Group were worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also modified their holdings of TNET. TD Private Client Wealth LLC lifted 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 acquiring an additional 121 shares during the last quarter. KBC Group NV lifted its stake 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 purchasing an additional 199 shares during the last quarter. Avion Wealth lifted its stake 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 purchasing an additional 140 shares during the last quarter. Janney Montgomery Scott LLC purchased a new position in shares of TriNet Group in the 4th quarter worth approximately $230,000. Finally, Quadrature Capital Ltd bought a new position in shares of TriNet Group during the 3rd quarter valued at approximately $275,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Trading Down 4.0 %

Shares of NYSE TNET opened at $69.68 on Friday. TriNet Group, Inc. has a fifty-two week low of $68.18 and a fifty-two week high of $134.67. 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 cap of $3.45 billion, a price-to-earnings ratio of 20.37 and a beta of 1.21. The business’s 50 day moving average price is $89.55 and its 200-day moving average price is $92.89.

TriNet Group (NYSE:TNET) last released its earnings results 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 business 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%. On average, sell-side analysts expect that TriNet Group, Inc. will post 4.58 earnings per share for the current year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. TriNet Group’s payout ratio is 29.24%.

Analyst Ratings Changes

A number of brokerages recently issued reports on TNET. TD Cowen downgraded 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 report on Tuesday. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research note on Friday, February 14th.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the company’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the sale, the chief technology officer now directly owns 21,769 shares in the company, valued at approximately $1,949,849.33. This represents a 26.34 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 37.10% of the stock is owned by corporate insiders.

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.