Commonwealth Equity Services LLC Trims Stock Position in TriNet Group, Inc. (NYSE:TNET)

Commonwealth Equity Services LLC lowered its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 5.3% in the second quarter, according to its most recent 13F filing with the SEC. The fund owned 9,000 shares of the business services provider’s stock after selling 500 shares during the period. Commonwealth Equity Services LLC’s holdings in TriNet Group were worth $900,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of TNET. Principal Securities Inc. purchased a new position in shares of TriNet Group in the 4th quarter valued at about $26,000. Dimensional Fund Advisors LP boosted its holdings in TriNet Group by 4.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 812,990 shares of the business services provider’s stock worth $96,690,000 after buying an additional 37,851 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in TriNet Group by 28.9% in the 4th quarter. Principal Financial Group Inc. now owns 21,316 shares of the business services provider’s stock worth $2,535,000 after buying an additional 4,778 shares during the last quarter. Norges Bank acquired a new stake in TriNet Group in the 4th quarter worth about $19,650,000. Finally, Wells Fargo & Company MN boosted its holdings in TriNet Group by 8.7% in the 4th quarter. Wells Fargo & Company MN now owns 76,676 shares of the business services provider’s stock worth $9,119,000 after buying an additional 6,133 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total value of $39,937.50. Following the sale, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Paul Edward Chamberlain sold 375 shares of the company’s 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 of the company’s stock, valued at $4,043,379. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, 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 approximately $8,484,830.64. The disclosure for this sale can be found here. 37.10% of the stock is owned by corporate insiders.

TriNet Group Trading Down 0.7 %

TNET opened at $97.29 on Wednesday. TriNet Group, Inc. has a one year low of $91.59 and a one year high of $134.67. The stock has a market capitalization of $4.92 billion, a PE ratio of 15.95 and a beta of 1.17. The business’s 50 day moving average price is $100.27 and its 200 day moving average price is $109.12. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.04 and a current ratio of 1.04.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 EPS 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, equities research analysts expect that TriNet Group, Inc. will post 5.13 EPS for the current year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 1st were given a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.03%. The ex-dividend date of this dividend was Monday, July 1st. TriNet Group’s payout ratio is 16.39%.

Analysts Set New Price Targets

TNET has been the topic of several recent research reports. TD Cowen lowered their target price on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Needham & Company LLC restated a “buy” rating and set a $140.00 target price on shares of TriNet Group in a report on Wednesday, September 11th. Finally, JPMorgan Chase & Co. lowered their target price 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 issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, TriNet Group presently has a consensus rating of “Hold” and a consensus price target of $118.40.

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.