Atria Investments Inc Has $371,000 Stake in TriNet Group, Inc. (NYSE:TNET)

Atria Investments Inc decreased its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 4.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 4,082 shares of the business services provider’s stock after selling 178 shares during the quarter. Atria Investments Inc’s holdings in TriNet Group were worth $371,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of TNET. Massachusetts Financial Services Co. MA increased 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 buying an additional 391,720 shares during the period. Wellington Management Group LLP increased its stake in shares of TriNet Group by 16.2% in the third quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock valued at $128,169,000 after buying an additional 184,186 shares during the period. Jacobs Levy Equity Management Inc. increased its stake in shares of TriNet Group by 41.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock valued at $53,373,000 after buying an additional 162,578 shares during the period. Charles Schwab Investment Management Inc. increased its stake in shares of TriNet Group by 4.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 493,836 shares of the business services provider’s stock valued at $44,825,000 after buying an additional 20,483 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in shares of TriNet Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock valued at $37,366,000 after buying an additional 39,351 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insider Buying and Selling at TriNet Group

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

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and decreased their target price for the company from $104.00 to $74.00 in a research report on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research report on Thursday.

TriNet Group Price Performance

TriNet Group stock opened at $74.89 on Monday. The stock has a market capitalization of $3.71 billion, a price-to-earnings ratio of 21.90 and a beta of 1.26. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $134.67. The stock’s 50 day moving average price is $83.85 and its two-hundred day moving average price is $90.15. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The firm had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $225.72 million. On average, equities analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

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.