Quantbot Technologies LP Reduces Stock Holdings in TriNet Group, Inc. (NYSE:TNET)

Quantbot Technologies LP decreased its stake in TriNet Group, Inc. (NYSE:TNET) by 40.8% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 21,180 shares of the business services provider’s stock after selling 14,579 shares during the quarter. Quantbot Technologies LP’s holdings in TriNet Group were worth $1,923,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of TNET. Wealthfront Advisers LLC purchased a new position in shares of TriNet Group in the 4th quarter worth approximately $456,581,000. Massachusetts Financial Services Co. MA boosted its holdings in shares of TriNet Group by 32.2% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock worth $156,018,000 after purchasing an additional 391,720 shares during the period. Wellington Management Group LLP boosted its holdings in shares of TriNet Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock worth $128,169,000 after purchasing an additional 184,186 shares during the period. Simcoe Capital Management LLC purchased a new position in shares of TriNet Group in the 3rd quarter worth approximately $16,966,000. Finally, William Blair Investment Management LLC purchased a new position in shares of TriNet Group in the 4th quarter worth approximately $15,875,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling

In other TriNet Group news, 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 value of $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the sale, the chief technology officer now owns 21,769 shares of the company’s stock, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,748 shares of company stock worth $833,436 in the last three months. 37.10% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

TNET has been the subject of a number of recent analyst reports. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

TriNet Group Price Performance

TNET opened at $76.67 on Monday. TriNet Group, Inc. has a 12-month low of $65.43 and a 12-month high of $134.67. 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 business’s fifty day simple moving average is $82.68 and its 200-day simple moving average is $89.34. The company has a market capitalization of $3.80 billion, a price-to-earnings ratio of 22.42 and a beta of 1.26.

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. The business 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, equities research analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be paid a dividend of $0.275 per share. 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%. The ex-dividend date of this dividend is Tuesday, April 1st. TriNet Group’s dividend payout ratio is 32.16%.

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.