TriNet Group, Inc. (NYSE:TNET) Short Interest Down 17.9% in February

TriNet Group, Inc. (NYSE:TNET) saw a significant drop in short interest in February. As of February 28th, there was short interest totalling 1,470,000 shares, a drop of 17.9% from the February 13th total of 1,790,000 shares. Approximately 3.1% of the shares of the stock are short sold. Based on an average daily trading volume, of 412,700 shares, the short-interest ratio is presently 3.6 days.

TriNet Group Trading Up 1.5 %

Shares of TNET traded up $1.16 during trading hours on Thursday, hitting $80.28. The company had a trading volume of 28,415 shares, compared to its average volume of 332,858. The firm has a market cap of $3.98 billion, a P/E ratio of 23.47 and a beta of 1.26. The stock’s 50 day moving average price is $83.17 and its 200 day moving average price is $89.74. 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 has a 52-week low of $65.43 and a 52-week high of $134.67.

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

Insider Buying and Selling

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

Institutional Trading of TriNet Group

Several large investors have recently modified their holdings of the business. GHE LLC grew its stake in shares of TriNet Group by 10.9% in the fourth quarter. GHE LLC now owns 31,565 shares of the business services provider’s stock worth $2,865,000 after purchasing an additional 3,091 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of TriNet Group by 26.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,105 shares of the business services provider’s stock worth $6,908,000 after purchasing an additional 15,963 shares during the last quarter. Woodline Partners LP bought a new stake in shares of TriNet Group in the fourth quarter worth about $4,182,000. Two Sigma Advisers LP grew its stake in shares of TriNet Group by 50.7% in the fourth quarter. Two Sigma Advisers LP now owns 52,000 shares of the business services provider’s stock worth $4,720,000 after purchasing an additional 17,500 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of TriNet Group by 4.0% in the fourth quarter. Two Sigma Investments LP now owns 88,449 shares of the business services provider’s stock worth $8,029,000 after purchasing an additional 3,436 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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