GHP Investment Advisors Inc. Reduces Holdings in TriNet Group, Inc. (NYSE:TNET)

GHP Investment Advisors Inc. reduced its stake in TriNet Group, Inc. (NYSE:TNET) by 4.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 43,413 shares of the business services provider’s stock after selling 2,130 shares during the quarter. GHP Investment Advisors Inc. owned about 0.09% of TriNet Group worth $3,941,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of the stock. Hunter Perkins Capital Management LLC raised its holdings in shares of TriNet Group by 246.6% in the fourth quarter. Hunter Perkins Capital Management LLC now owns 10,190 shares of the business services provider’s stock worth $925,000 after buying an additional 7,250 shares during the last quarter. KBC Group NV increased its position in shares of TriNet Group by 43.7% in the 4th quarter. KBC Group NV now owns 1,365 shares of the business services provider’s stock valued at $124,000 after acquiring an additional 415 shares during the period. Linden Thomas Advisory Services LLC raised its stake in TriNet Group by 2.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider’s stock worth $702,000 after acquiring an additional 196 shares during the last quarter. Janney Montgomery Scott LLC acquired a new stake in TriNet Group during the 4th quarter worth about $230,000. Finally, Integrated Investment Consultants LLC grew its stake in TriNet Group by 142.8% during the 4th quarter. Integrated Investment Consultants LLC now owns 7,237 shares of the business services provider’s stock valued at $657,000 after purchasing an additional 4,256 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Stock Performance

Shares of TNET stock opened at $90.41 on Friday. 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 stock has a market cap of $4.48 billion, a PE ratio of 17.42 and a beta of 1.21. The business has a 50-day simple moving average of $92.13 and a 200-day simple moving average of $94.64.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Shareholders of record on Thursday, January 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date was Thursday, January 2nd. TriNet Group’s payout ratio is presently 19.27%.

Insiders Place Their Bets

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the company’s stock in a transaction dated Monday, January 13th. The shares were sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the transaction, the chief technology officer now owns 21,769 shares in the company, valued at approximately $1,949,849.33. This represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 11,942 shares of company stock worth $1,083,506. Corporate insiders own 37.10% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently issued reports on TNET shares. TD Cowen raised their price objective on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research note on Wednesday, November 20th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $103.00 price target on shares of TriNet Group in a report on Tuesday, October 22nd. Finally, Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research note on Monday, October 28th. 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 stock. According to MarketBeat.com, TriNet Group currently has an average rating of “Hold” and an average price target of $117.00.

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.