SG Americas Securities LLC Purchases New Shares in TriNet Group, Inc. (NYSE:TNET)

SG Americas Securities LLC purchased a new stake in TriNet Group, Inc. (NYSE:TNET) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 12,456 shares of the business services provider’s stock, valued at approximately $987,000.

A number of other large investors also recently bought and sold shares of TNET. Rhumbline Advisers raised its position in TriNet Group by 3.4% during the 4th quarter. Rhumbline Advisers now owns 47,452 shares of the business services provider’s stock worth $4,307,000 after buying an additional 1,558 shares during the last quarter. State of New Jersey Common Pension Fund D raised its position in TriNet Group by 20.1% during the 4th quarter. State of New Jersey Common Pension Fund D now owns 23,576 shares of the business services provider’s stock worth $2,140,000 after buying an additional 3,952 shares during the last quarter. Handelsbanken Fonder AB raised its position in TriNet Group by 14.6% during the 4th quarter. Handelsbanken Fonder AB now owns 8,637 shares of the business services provider’s stock worth $784,000 after buying an additional 1,100 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in TriNet Group during the 4th quarter worth $520,000. Finally, IFP Advisors Inc raised its position in TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after buying an additional 240 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insider Activity at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total value of $117,891.48. Following the sale, the chief technology officer now directly owns 32,932 shares of the company’s stock, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Sidney A. Majalya sold 500 shares of the stock in a transaction dated Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total transaction of $41,570.00. Following the completion of the sale, the senior vice president now directly owns 23,033 shares in the company, valued at approximately $1,914,963.62. The trade was a 2.12% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 2,120 shares of company stock valued at $175,291. Insiders own 38.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have commented on TNET. JPMorgan Chase & Co. upped their price objective on shares of TriNet Group from $75.00 to $76.00 and gave the stock an “underweight” rating in a research report on Monday, April 28th. Needham & Company LLC reiterated a “hold” rating on shares of TriNet Group in a report on Thursday, March 13th.

TriNet Group Stock Performance

Shares of TNET opened at $75.01 on Thursday. The company has a 50-day simple moving average of $80.47 and a 200-day simple moving average of $83.25. The company has a quick ratio of 1.08, a current ratio of 1.08 and a debt-to-equity ratio of 14.43. The company has a market capitalization of $3.63 billion, a PE ratio of 22.39 and a beta of 0.90. TriNet Group, Inc. has a 52-week low of $65.43 and a 52-week high of $116.26.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.67 by $0.32. The business had revenue of $1.29 billion during the quarter, compared to the consensus estimate of $319.36 million. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. During the same quarter last year, the firm posted $2.18 EPS. Equities research analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 28th. Investors of record on Tuesday, July 1st will be paid a $0.275 dividend. The ex-dividend date of this dividend is Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.47%. TriNet Group’s payout ratio is 32.84%.

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.