Insider Selling: TriNet Group, Inc. (NYSE:TNET) CTO Sells 7,784 Shares of Stock

TriNet Group, Inc. (NYSE:TNETGet Free Report) CTO Jeffery Jon Hayward sold 7,784 shares of the 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 sale, 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 filing with the SEC, which is accessible 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 value of $168,137.62.

TriNet Group Stock Performance

Shares of TriNet Group stock opened at $90.49 on Friday. The firm has a market capitalization of $4.49 billion, a P/E ratio of 17.43 and a beta of 1.21. TriNet Group, Inc. has a 52 week low of $74.32 and a 52 week high of $134.67. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70. The company has a 50 day moving average price of $92.15 and a 200 day moving average price of $95.52.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd will be paid a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.11%. TriNet Group’s payout ratio is currently 19.27%.

Institutional Investors Weigh In On TriNet Group

Large investors have recently made changes to their positions in the stock. TD Private Client Wealth LLC lifted its position in TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after acquiring an additional 121 shares during the period. KBC Group NV raised its stake in shares of TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after purchasing an additional 199 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in shares of TriNet Group during the fourth quarter worth about $230,000. Aristides Capital LLC purchased a new stake in TriNet Group in the second quarter valued at approximately $258,000. Finally, Quadrature Capital Ltd purchased a new stake in TriNet Group in the third quarter valued at approximately $275,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on TNET. TD Cowen raised their price target on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. Needham & Company LLC downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research note on Monday, October 28th. Finally, JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $117.00.

Check Out Our Latest Research Report on TNET

TriNet Group Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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