2,840 Shares in TriNet Group, Inc. (NYSE:TNET) Bought by Quadrature Capital Ltd

Quadrature Capital Ltd acquired a new stake in TriNet Group, Inc. (NYSE:TNET) during the third quarter, according to its most recent filing with the SEC. The firm acquired 2,840 shares of the business services provider’s stock, valued at approximately $275,000.

Several other institutional investors also recently bought and sold shares of TNET. Quantinno Capital Management LP boosted its holdings in shares of TriNet Group by 17.2% in the third quarter. Quantinno Capital Management LP now owns 3,118 shares of the business services provider’s stock valued at $302,000 after acquiring an additional 458 shares in the last quarter. Royal London Asset Management Ltd. lifted its position in TriNet Group by 1.2% in 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. Jacobs Levy Equity Management Inc. boosted its holdings in TriNet Group by 41.9% in the 3rd quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock valued at $53,373,000 after purchasing an additional 162,578 shares in the last quarter. Simcoe Capital Management LLC acquired a new position in TriNet Group during the 3rd quarter worth approximately $16,966,000. Finally, Point72 Hong Kong Ltd increased its position in TriNet Group by 49.9% during the 3rd quarter. Point72 Hong Kong Ltd now owns 21,322 shares of the business services provider’s stock worth $2,068,000 after purchasing an additional 7,095 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

TNET has been the subject of several recent analyst reports. TD Cowen raised their price target on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Needham & Company LLC downgraded TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a report on Monday, October 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research note on Tuesday, October 22nd. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $117.00.

Insider Activity

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction on Friday, November 29th. The stock was sold at an average price of $93.03, for a total transaction of $218,155.35. Following the sale, the chief technology officer now owns 34,606 shares in the company, valued at approximately $3,219,396.18. This represents a 6.35 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total value of $32,336.25. Following the completion of the transaction, the director now directly owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. This trade represents a 0.99 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 4,533 shares of company stock worth $418,629 over the last 90 days. 37.10% of the stock is currently owned by corporate insiders.

TriNet Group Stock Performance

TNET opened at $94.24 on Wednesday. TriNet Group, Inc. has a 1-year low of $74.32 and a 1-year high of $134.67. The stock has a market cap of $4.67 billion, a P/E ratio of 18.16 and a beta of 1.21. The stock’s 50 day simple moving average is $92.66 and its 200 day simple moving average is $97.88. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.06%. The ex-dividend date was Tuesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is 19.27%.

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.