California Public Employees Retirement System Sells 3,143 Shares of TriNet Group, Inc. (NYSE:TNET)

California Public Employees Retirement System trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET) by 5.1% in the 4th quarter, Holdings Channel.com reports. The firm owned 58,396 shares of the business services provider’s stock after selling 3,143 shares during the quarter. California Public Employees Retirement System’s holdings in TriNet Group were worth $5,301,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the company. TD Private Client Wealth LLC raised its position in shares of TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 121 shares during the period. IFP Advisors Inc lifted its position 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 worth $71,000 after acquiring an additional 240 shares in the last quarter. Avion Wealth boosted its holdings in shares of TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after acquiring an additional 140 shares during the period. KBC Group NV grew its position in shares of TriNet Group by 43.7% in the fourth quarter. KBC Group NV now owns 1,365 shares of the business services provider’s stock valued at $124,000 after purchasing an additional 415 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised its stake in shares of TriNet Group by 118.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock valued at $131,000 after purchasing an additional 785 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Stock Performance

NYSE:TNET opened at $72.58 on Wednesday. TriNet Group, Inc. has a twelve month low of $65.43 and a twelve month high of $131.27. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a market cap of $3.59 billion, a P/E ratio of 21.22 and a beta of 1.06. The business’s 50-day moving average price is $78.56 and its two-hundred day moving average price is $87.66.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The business had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. As a group, equities analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Investors of record on Tuesday, April 1st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.52%. The ex-dividend date of this dividend is Tuesday, April 1st. This is a boost from TriNet Group’s previous quarterly dividend of $0.25. TriNet Group’s dividend payout ratio is currently 32.16%.

Insiders Place Their Bets

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total transaction of $94,607.04. Following the transaction, the chief technology officer now owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. This trade represents a 6.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares of the company’s stock, valued at $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,748 shares of company stock valued at $833,436 over the last 90 days. Insiders own 37.10% of the company’s stock.

Analyst Ratings Changes

A number of research firms have weighed in on TNET. Needham & Company LLC reaffirmed a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th. TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and lowered their target price for the stock from $104.00 to $74.00 in a research note on Tuesday, February 18th.

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.