TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward Sells 7,784 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 7,784 shares of the company’s stock in a transaction on Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the transaction, the chief technology officer now directly owns 21,769 shares in the company, valued at $1,949,849.33. This trade represents a 26.34 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Jeffery Jon Hayward also recently made the following trade(s):

• On Friday, November 29th, Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock. The stock was sold at an average price of $93.03, for a total value of $218,155.35.
• On Friday, November 22nd, Jeffery Jon Hayward sold 1,813 shares of TriNet Group stock. The shares were sold at an average price of $92.74, for a total transaction of $168,137.62.

TriNet Group Stock Up 1.3 %

TriNet Group stock opened at $93.04 on Thursday. The firm has a market capitalization of $4.61 billion, a price-to-earnings ratio of 17.93 and a beta of 1.21. The company’s 50 day simple moving average is $92.21 and its 200 day simple moving average is $95.61. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.07%. The ex-dividend date is Thursday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is 19.27%.

Institutional Trading of TriNet Group

Large investors have recently made changes to their positions in the company. Chase Investment Counsel Corp acquired a new position in TriNet Group in the second quarter valued at about $875,000. Victory Capital Management Inc. grew its position in shares of TriNet Group by 6.7% in the 2nd quarter. Victory Capital Management Inc. now owns 23,759 shares of the business services provider’s stock valued at $2,376,000 after purchasing an additional 1,485 shares during the period. Oppenheimer Asset Management Inc. grew its position in shares of TriNet Group by 25.2% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 21,857 shares of the business services provider’s stock valued at $2,186,000 after purchasing an additional 4,400 shares during the period. Massachusetts Financial Services Co. MA increased its stake in TriNet Group by 9.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock worth $121,721,000 after purchasing an additional 103,809 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in TriNet Group by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider’s stock worth $82,304,000 after buying an additional 9,386 shares during the period. Institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. Needham & Company LLC lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective on the stock. in a report on Monday, October 28th. TD Cowen increased their price target on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday, November 20th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 price objective on shares of TriNet Group in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.00.

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.