ProShare Advisors LLC Sells 1,464 Shares of TriNet Group, Inc. (NYSE:TNET)

ProShare Advisors LLC trimmed its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 25.4% in the second quarter, according to its most recent filing with the SEC. The firm owned 4,291 shares of the business services provider’s stock after selling 1,464 shares during the period. ProShare Advisors LLC’s holdings in TriNet Group were worth $429,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Rothschild Investment LLC bought a new stake in TriNet Group in the second quarter valued at $45,000. Blue Trust Inc. grew its holdings in shares of TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after purchasing an additional 104 shares during the last quarter. Avion Wealth grew its holdings in shares of TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after purchasing an additional 129 shares during the last quarter. LRI Investments LLC acquired a new stake in shares of TriNet Group during the 1st quarter worth about $81,000. Finally, Headlands Technologies LLC bought a new position in TriNet Group during the 2nd quarter valued at about $93,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TriNet Group

In related news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total value of $39,937.50. Following the completion of the transaction, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the sale, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the transaction, the director now owns 37,966 shares in the company, valued at $4,043,379. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

TNET has been the subject of several recent analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price objective on shares of TriNet Group in a report on Wednesday, September 11th. JPMorgan Chase & Co. lowered their target price on TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Finally, TD Cowen reduced their price target on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $118.40.

TriNet Group Stock Down 0.3 %

Shares of NYSE TNET opened at $96.64 on Wednesday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84. The firm has a market capitalization of $4.80 billion, a PE ratio of 15.90 and a beta of 1.17. The firm’s 50-day moving average is $98.64 and its 200-day moving average is $107.30. TriNet Group, Inc. has a 1 year low of $91.59 and a 1 year high of $134.67.

TriNet Group (NYSE:TNET) last released its earnings results on Friday, July 26th. The business services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.29. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. The firm had revenue of $310.00 million during the quarter, compared to analyst estimates of $301.76 million. Equities analysts expect that TriNet Group, Inc. will post 5.13 EPS for the current year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st will be paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.03%. The ex-dividend date of this dividend is Tuesday, October 1st. TriNet Group’s payout ratio is 16.39%.

TriNet Group 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.