TriNet Group, Inc. (NYSE:TNET) Shares Sold by Emerald Advisers LLC

Emerald Advisers LLC lowered its position in TriNet Group, Inc. (NYSE:TNET) by 83.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 40,779 shares of the business services provider’s stock after selling 212,040 shares during the quarter. Emerald Advisers LLC’s holdings in TriNet Group were worth $3,702,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in TNET. Wealthfront Advisers LLC purchased a new position in TriNet Group in the fourth quarter valued at about $456,581,000. Massachusetts Financial Services Co. MA raised its position in TriNet Group by 32.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock valued at $156,018,000 after purchasing an additional 391,720 shares during the period. American Century Companies Inc. raised its position in TriNet Group by 1,131.0% in the fourth quarter. American Century Companies Inc. now owns 302,947 shares of the business services provider’s stock valued at $27,498,000 after purchasing an additional 278,338 shares during the period. Wellington Management Group LLP raised its position in TriNet Group by 16.2% in the third quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock valued at $128,169,000 after purchasing an additional 184,186 shares during the period. Finally, Simcoe Capital Management LLC purchased a new stake in shares of TriNet Group during the third quarter worth about $16,966,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Stock Down 2.8 %

NYSE:TNET opened at $76.67 on Monday. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 22.42 and a beta of 1.26. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $134.67. The stock has a 50-day simple moving average of $82.68 and a 200 day simple moving average of $89.34. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The business had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. Sell-side analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.43%. This is an increase from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group’s dividend payout ratio (DPR) is 32.16%.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction that occurred on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now directly owns 36,991 shares in the company, valued at $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group stock in a transaction that occurred 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 transaction, the chief technology officer now owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. The trade was a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 9,748 shares of company stock worth $833,436. Corporate insiders own 37.10% of the company’s stock.

Analyst Ratings Changes

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

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.