Atria Investments Inc Cuts Stake in TriNet Group, Inc. (NYSE:TNET)

Atria Investments Inc lowered its position in TriNet Group, Inc. (NYSE:TNET) by 4.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,082 shares of the business services provider’s stock after selling 178 shares during the quarter. Atria Investments Inc’s holdings in TriNet Group were worth $371,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. TD Private Client Wealth LLC raised its holdings in shares of TriNet Group by 25.5% during the third 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. IFP Advisors Inc raised its holdings in shares of TriNet Group by 45.5% during the fourth 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 raised its holdings in shares of TriNet Group by 26.5% during the third 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. Avion Wealth raised its holdings in shares of TriNet Group by 14.9% during the fourth 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. Finally, Janney Montgomery Scott LLC bought a new position in shares of TriNet Group during the fourth quarter valued at approximately $230,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

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

Insiders Place Their Bets

In other 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 value of $41,616.00. Following the transaction, the director now owns 36,991 shares of the company’s stock, 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,364 shares of TriNet Group 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 sale, the chief technology officer now directly owns 19,867 shares in the company, valued at $1,377,975.12. This trade represents a 6.42 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 9,748 shares of company stock valued at $833,436. Insiders own 37.10% of the company’s stock.

TriNet Group Trading Up 2.2 %

TriNet Group stock opened at $74.89 on Monday. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a one year low of $65.43 and a one year high of $134.67. The stock has a market capitalization of $3.71 billion, a PE ratio of 21.90 and a beta of 1.26. The business’s fifty day moving average is $83.85 and its 200 day moving average is $90.15.

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, beating 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. On average, sell-side analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

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.