Short Interest in TriNet Group, Inc. (NYSE:TNET) Declines By 14.2%

TriNet Group, Inc. (NYSE:TNET) was the target of a large decrease in short interest in June. As of June 15th, there was short interest totalling 1,090,000 shares, a decrease of 14.2% from the May 31st total of 1,270,000 shares. Based on an average daily volume of 281,900 shares, the short-interest ratio is presently 3.9 days. Currently, 2.2% of the shares of the stock are short sold.

TriNet Group Stock Down 0.2 %

Shares of NYSE:TNET opened at $100.00 on Friday. The business’s 50 day simple moving average is $105.62 and its two-hundred day simple moving average is $116.66. The firm has a market cap of $5.06 billion, a P/E ratio of 16.39 and a beta of 1.19. The company has a debt-to-equity ratio of 6.88, a quick ratio of 1.06 and a current ratio of 1.06. TriNet Group has a 52-week low of $90.55 and a 52-week high of $134.67.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Friday, April 26th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.36). The firm had revenue of $357.00 million during the quarter, compared to the consensus estimate of $380.41 million. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. As a group, research analysts forecast that TriNet Group will post 4.82 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Stockholders of record on Monday, July 1st will be issued a $0.25 dividend. The ex-dividend date is Monday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. TriNet Group’s dividend payout ratio is presently 16.39%.

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total value of $37,882.50. Following the completion of the sale, the director now owns 36,341 shares of the company’s stock, valued at $3,671,167.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total value of $37,882.50. Following the completion of the sale, the director now owns 36,341 shares of the company’s stock, valued at $3,671,167.82. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Alexander G. Warren sold 1,867 shares of the stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $103.74, for a total value of $193,682.58. Following the completion of the sale, the senior vice president now directly owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Oliver Luxxe Assets LLC lifted its holdings in shares of TriNet Group by 1.4% in the first quarter. Oliver Luxxe Assets LLC now owns 5,860 shares of the business services provider’s stock valued at $776,000 after purchasing an additional 83 shares in the last quarter. SummerHaven Investment Management LLC lifted its holdings in shares of TriNet Group by 1.2% in the fourth quarter. SummerHaven Investment Management LLC now owns 7,999 shares of the business services provider’s stock valued at $951,000 after purchasing an additional 91 shares in the last quarter. Jennison Associates LLC lifted its holdings in shares of TriNet Group by 1.8% in the first quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock valued at $750,000 after purchasing an additional 99 shares in the last quarter. Nisa Investment Advisors LLC lifted its holdings in shares of TriNet Group by 12.8% in the fourth quarter. Nisa Investment Advisors LLC now owns 880 shares of the business services provider’s stock valued at $105,000 after purchasing an additional 100 shares in the last quarter. Finally, Avion Wealth lifted its holdings in shares of TriNet Group by 22.9% in the fourth quarter. Avion Wealth now owns 569 shares of the business services provider’s stock valued at $68,000 after purchasing an additional 106 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on TNET shares. StockNews.com lowered TriNet Group from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Needham & Company LLC cut their target price on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Finally, TD Cowen cut their target price on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, TriNet Group has a consensus rating of “Hold” and an average price target of $113.83.

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.