Axa S.A. Sells 27,052 Shares of TriNet Group, Inc. (NYSE:TNET)

Axa S.A. reduced its holdings in TriNet Group, Inc. (NYSE:TNET) by 42.4% during the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 36,743 shares of the business services provider’s stock after selling 27,052 shares during the period. Axa S.A.’s holdings in TriNet Group were worth $3,674,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently added to or reduced their stakes in TNET. Rothschild Investment LLC bought a new position in TriNet Group in the 2nd quarter worth approximately $45,000. Blue Trust Inc. increased its position in 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 buying an additional 104 shares during the period. Avion Wealth increased its position in TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after buying an additional 129 shares during the period. LRI Investments LLC bought a new position in TriNet Group in the 1st quarter worth approximately $81,000. Finally, Headlands Technologies LLC bought a new position in TriNet Group in the 2nd quarter worth approximately $93,000. 96.81% of the stock is owned by institutional investors.

TriNet Group Stock Performance

Shares of NYSE:TNET opened at $96.21 on Monday. The business’s fifty day moving average price is $98.88 and its two-hundred day moving average price is $107.64. TriNet Group, Inc. has a fifty-two week low of $91.59 and a fifty-two week high of $134.67. The stock has a market capitalization of $4.78 billion, a price-to-earnings ratio of 15.77 and a beta of 1.17. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.04.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.29. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. The firm had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $301.76 million. As a group, analysts predict that TriNet Group, Inc. will post 5.13 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st will be given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.04%. The ex-dividend date is Tuesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is 16.39%.

Analysts Set New Price Targets

TNET has been the topic of several recent research reports. Needham & Company LLC reissued a “buy” rating and set a $140.00 price objective on shares of TriNet Group in a report on Wednesday, September 11th. TD Cowen decreased their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. decreased their price objective on TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $118.40.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the sale, the director now owns 37,966 shares in the company, valued at $4,043,379. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now owns 82,409 shares in the company, valued at approximately $8,484,830.64. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.

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.