Jeffery Jon Hayward Sells 1,364 Shares of TriNet Group, Inc. (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,364 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $94,607.04. Following the transaction, the chief technology officer now directly owns 19,867 shares in the company, valued at approximately $1,377,975.12. This represents a 6.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link.

Jeffery Jon Hayward also recently made the following trade(s):

• On Monday, January 13th, Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock. The shares were sold at an average price of $89.57, for a total value of $697,212.88.
• On Friday, November 29th, Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock. The shares were sold at an average price of $93.03, for a total value of $218,155.35.

TriNet Group Stock Up 0.7 %

Shares of NYSE:TNET opened at $73.71 on Friday. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $134.67. The stock has a market cap of $3.65 billion, a P/E ratio of 21.55 and a beta of 1.21. The business’s 50 day moving average is $87.15 and its 200 day moving average is $91.92. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16.

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

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.36%. TriNet Group’s dividend payout ratio (DPR) is currently 29.24%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on TNET. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a research note on Friday, February 14th. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and cut their target price for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of TNET. TD Private Client Wealth LLC boosted its position in 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 acquiring an additional 121 shares in the last quarter. LRI Investments LLC boosted its position in TriNet Group by 643.8% during the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock valued at $60,000 after acquiring an additional 573 shares in the last quarter. IFP Advisors Inc boosted its position in TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after acquiring an additional 240 shares in the last quarter. KBC Group NV boosted its position in TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after acquiring an additional 199 shares in the last quarter. Finally, Avion Wealth boosted its position in TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after acquiring an additional 140 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

TriNet Group Company 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.