AlphaQuest LLC Decreases Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

AlphaQuest LLC decreased its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 95.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 337 shares of the business services provider’s stock after selling 7,746 shares during the quarter. AlphaQuest LLC’s holdings in TriNet Group were worth $31,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of TNET. KBC Group NV raised its stake in TriNet Group by 26.5% during the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares in the last quarter. Quest Partners LLC raised its stake in shares of TriNet Group by 443.2% in the third quarter. Quest Partners LLC now owns 8,083 shares of the business services provider’s stock valued at $784,000 after acquiring an additional 6,595 shares during the period. Intech Investment Management LLC purchased a new stake in shares of TriNet Group in the third quarter valued at $817,000. Massachusetts Financial Services Co. MA raised its stake in shares of 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 acquiring an additional 391,720 shares during the period. Finally, Dynamic Technology Lab Private Ltd raised its stake in shares of TriNet Group by 19.0% in the third quarter. Dynamic Technology Lab Private Ltd now owns 13,902 shares of the business services provider’s stock valued at $1,348,000 after acquiring an additional 2,221 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Trading Down 2.8 %

NYSE TNET opened at $76.67 on Friday. The company’s 50-day moving average price is $82.68 and its 200-day moving average price is $89.48. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a market cap of $3.80 billion, a PE ratio of 22.42 and a beta of 1.26. TriNet Group, Inc. has a 12 month low of $65.43 and a 12 month high of $134.67.

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 firm had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. Equities research analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 28th. Stockholders of record on Tuesday, April 1st will be issued a $0.275 dividend. The ex-dividend date is Tuesday, April 1st. This is a boost from TriNet Group’s previous quarterly dividend of $0.25. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.43%. TriNet Group’s dividend payout ratio is presently 29.24%.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. This represents a 6.42 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the transaction, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. The trade was a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 9,748 shares of company stock worth $833,436. Insiders own 37.10% of the company’s stock.

Wall Street Analysts Forecast Growth

TNET has been the topic of several recent analyst reports. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research note 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.