TriNet Group, Inc. (NYSE:TNET) Shares Sold by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET) by 4.7% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 43,413 shares of the business services provider’s stock after selling 2,130 shares during the quarter. GHP Investment Advisors Inc.’s holdings in TriNet Group were worth $3,941,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company raised its holdings in TriNet Group by 5.3% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 20,097 shares of the business services provider’s stock valued at $2,010,000 after acquiring an additional 1,017 shares during the last quarter. Creative Planning grew its position in shares of TriNet Group by 62.1% in the second quarter. Creative Planning now owns 3,557 shares of the business services provider’s stock valued at $356,000 after purchasing an additional 1,362 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of TriNet Group in the third quarter valued at approximately $412,000. Reinhart Partners LLC. increased its holdings in shares of TriNet Group by 10.4% in the third quarter. Reinhart Partners LLC. now owns 232,955 shares of the business services provider’s stock valued at $22,590,000 after purchasing an additional 21,962 shares during the last quarter. Finally, Hunter Perkins Capital Management LLC purchased a new position in TriNet Group during the third quarter worth approximately $285,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of the business’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the sale, the chief technology officer now owns 34,606 shares of the company’s stock, valued at $3,219,396.18. The trade was a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 11,942 shares of company stock valued at $1,083,506 over the last 90 days. 37.10% of the stock is owned by insiders.

Analyst Ratings Changes

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

TriNet Group Price Performance

NYSE:TNET 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 stock’s fifty day moving average is $92.13 and its two-hundred day moving average is $94.64. The company has a market capitalization of $4.48 billion, a P/E ratio of 17.42 and a beta of 1.21. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.11%. TriNet Group’s dividend payout ratio (DPR) is currently 19.27%.

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.