JLB & Associates Inc. Sells 1,108 Shares of TriNet Group, Inc. (NYSE:TNET)

JLB & Associates Inc. reduced its position in TriNet Group, Inc. (NYSE:TNET) by 3.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 34,969 shares of the business services provider’s stock after selling 1,108 shares during the period. JLB & Associates Inc. owned approximately 0.07% of TriNet Group worth $3,174,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of TNET. Massachusetts Financial Services Co. MA boosted its position in TriNet Group by 32.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock worth $156,018,000 after purchasing an additional 391,720 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of TriNet Group by 16.2% in the 3rd quarter. Wellington Management Group LLP now owns 1,321,737 shares of the business services provider’s stock worth $128,169,000 after purchasing an additional 184,186 shares during the period. Jacobs Levy Equity Management Inc. boosted its holdings in shares of TriNet Group by 41.9% in the third quarter. Jacobs Levy Equity Management Inc. now owns 550,404 shares of the business services provider’s stock worth $53,373,000 after buying an additional 162,578 shares during the last quarter. JPMorgan Chase & Co. boosted its holdings in shares of TriNet Group by 11.4% in the third quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock worth $37,366,000 after buying an additional 39,351 shares during the last quarter. Finally, Emerald Advisers LLC grew its position in TriNet Group by 1.1% during the third quarter. Emerald Advisers LLC now owns 252,819 shares of the business services provider’s stock valued at $24,516,000 after buying an additional 2,651 shares during the period. Institutional investors own 96.81% of the company’s stock.

TriNet Group Trading Down 4.0 %

TriNet Group stock opened at $69.68 on Friday. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. TriNet Group, Inc. has a 12-month low of $68.18 and a 12-month high of $134.67. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 20.37 and a beta of 1.21. The firm has a 50 day moving average of $89.55 and a 200 day moving average of $92.89.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. As a group, research analysts predict that TriNet Group, Inc. will post 4.58 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.44%. TriNet Group’s payout ratio is 29.24%.

Analyst Ratings Changes

Several brokerages have recently weighed in on TNET. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a research note on Friday, February 14th. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $104.00 to $74.00 in a report on Tuesday.

Insider Transactions at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of the business’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 owns 21,769 shares of the company’s stock, valued at approximately $1,949,849.33. The trade was a 26.34 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 37.10% of the company’s stock.

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.