TriNet Group, Inc. (NYSE:TNET) Shares Sold by Mirador Capital Partners LP

Mirador Capital Partners LP lessened its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 4.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,088 shares of the business services provider’s stock after selling 807 shares during the period. Mirador Capital Partners LP’s holdings in TriNet Group were worth $1,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. grew its stake in shares of TriNet Group by 1.9% during the 1st quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock worth $376,053,000 after purchasing an additional 52,240 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in 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 grew its position in TriNet Group by 67.7% during the first quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock valued at $152,354,000 after buying an additional 464,289 shares during the period. Earnest Partners LLC increased its holdings in TriNet Group by 1.9% in the second quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider’s stock valued at $91,504,000 after buying an additional 16,708 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in shares of TriNet Group by 1.2% in the second quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider’s stock worth $82,304,000 after acquiring an additional 9,386 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

TriNet Group Price Performance

Shares of TriNet Group stock traded up $1.22 during mid-day trading on Friday, reaching $98.20. 142,403 shares of the stock traded hands, compared to its average volume of 252,343. The stock has a market capitalization of $4.88 billion, a PE ratio of 16.10 and a beta of 1.17. The business has a 50-day moving average of $97.68 and a 200 day moving average of $106.75. TriNet Group, Inc. has a fifty-two week low of $91.59 and a fifty-two week high of $134.67. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84.

TriNet Group (NYSE:TNET) last released its earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.29. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. The firm had revenue of $310.00 million during the quarter, compared to analyst estimates of $301.76 million. On average, analysts predict that TriNet Group, Inc. will post 5.13 EPS for the current year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Tuesday, October 1st. TriNet Group’s payout ratio is 16.39%.

Insider Transactions at TriNet Group

In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the firm’s stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the transaction, the chief financial officer now directly owns 82,409 shares in the company, valued at approximately $8,484,830.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the transaction, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the 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 sale, the director now directly owns 37,966 shares of the company’s stock, valued at $4,043,379. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.10% 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.