TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward Sells 1,813 Shares

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,813 shares of the company’s stock in a transaction that occurred on Friday, November 22nd. The shares were sold at an average price of $92.74, for a total value of $168,137.62. Following the completion of the transaction, the chief technology officer now owns 36,951 shares in the company, valued at $3,426,835.74. This represents a 4.68 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

TriNet Group Stock Down 1.3 %

Shares of TriNet Group stock traded down $1.20 during trading hours on Tuesday, reaching $92.86. 450,546 shares of the company were exchanged, compared to its average volume of 302,894. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67. The stock’s fifty day moving average is $93.34 and its 200 day moving average is $98.70. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. The firm has a market cap of $4.60 billion, a PE ratio of 18.12 and a beta of 1.20.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.08%. The ex-dividend date of this dividend was Tuesday, October 1st. TriNet Group’s dividend payout ratio is currently 19.27%.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the company. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research report on Monday, October 28th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, TD Cowen boosted their target price on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average price target of $117.00.

Institutional Trading of TriNet Group

A number of large investors have recently modified their holdings of the stock. Blue Trust Inc. increased its position in shares of TriNet Group by 24.9% during the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after acquiring an additional 104 shares during the period. TD Private Client Wealth LLC grew its stake in shares of TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after purchasing an additional 121 shares in the last quarter. Avion Wealth grew its stake in shares of TriNet Group by 19.2% during the second quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after purchasing an additional 129 shares in the last quarter. SummerHaven Investment Management LLC grew its stake in shares of TriNet Group by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock worth $822,000 after purchasing an additional 142 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC grew its stake in shares of TriNet Group by 2.2% during the second quarter. Linden Thomas Advisory Services LLC now owns 7,163 shares of the business services provider’s stock worth $716,000 after purchasing an additional 156 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.