Aristides Capital LLC Acquires New Shares in TriNet Group, Inc. (NYSE:TNET)

Aristides Capital LLC bought a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,579 shares of the business services provider’s stock, valued at approximately $258,000.

Several other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. lifted its stake in TriNet Group by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock valued at $376,053,000 after purchasing an additional 52,240 shares during the last quarter. Massachusetts Financial Services Co. MA increased its holdings in shares of TriNet Group by 9.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock worth $121,721,000 after buying an additional 103,809 shares in the last quarter. Jane Street Group LLC boosted its holdings in shares of TriNet Group by 67.7% during the 1st quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock valued at $152,354,000 after acquiring an additional 464,289 shares in the last quarter. Earnest Partners LLC grew its position in TriNet Group by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider’s stock worth $91,504,000 after acquiring an additional 16,708 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in TriNet Group by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider’s stock worth $82,304,000 after purchasing an additional 9,386 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the transaction, the director now directly owns 37,966 shares in the company, valued at $4,043,379. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total value of $39,937.50. Following the transaction, the director now owns 37,966 shares in the company, valued at $4,043,379. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the sale, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at $8,484,830.64. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company’s stock.

TriNet Group Price Performance

Shares of NYSE TNET opened at $96.97 on Tuesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84. The firm’s 50-day moving average price is $98.88 and its 200-day moving average price is $107.51. The firm has a market capitalization of $4.82 billion, a P/E ratio of 15.90 and a beta of 1.17. TriNet Group, Inc. has a 1-year low of $91.59 and a 1-year high of $134.67.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.29. The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $301.76 million. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. Equities research analysts anticipate that TriNet Group, Inc. will post 5.13 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. TriNet Group’s dividend payout ratio (DPR) is presently 16.39%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on TNET shares. JPMorgan Chase & Co. dropped their price objective on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. TD Cowen dropped their price target on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Finally, Needham & Company LLC reissued a “buy” rating and issued a $140.00 price objective on shares of TriNet Group in a research note on Wednesday, September 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $118.40.

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.