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

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,813 shares of the stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the completion of the sale, the chief technology officer now directly owns 36,951 shares of the company’s stock, valued at approximately $3,426,835.74. This trade represents a 4.68 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

TriNet Group Trading Down 0.0 %

TNET stock opened at $92.90 on Thursday. The firm has a fifty day moving average price of $93.15 and a 200 day moving average price of $98.59. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The firm has a market cap of $4.61 billion, a PE ratio of 17.90 and a beta of 1.20. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

TNET has been the topic of a number of recent analyst reports. Needham & Company LLC cut TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a report on Monday, October 28th. TD Cowen upped their price target on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reiterated an “underweight” rating and set a $103.00 price objective on shares of TriNet Group in a research report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $117.00.

Institutional Trading of TriNet Group

Several hedge funds have recently made changes to their positions in the business. Rothschild Investment LLC bought a new stake in TriNet Group during the second quarter worth approximately $45,000. Blue Trust Inc. boosted its holdings in shares of TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after purchasing an additional 104 shares during the period. TD Private Client Wealth LLC increased its position in shares of TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 121 shares during the last quarter. Avion Wealth raised its holdings in TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after buying an additional 129 shares during the period. Finally, LRI Investments LLC bought a new stake in TriNet Group in the first quarter worth $81,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

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.