Nisa Investment Advisors LLC Reduces Stake in TriNet Group, Inc. (NYSE:TNET)

Nisa Investment Advisors LLC lowered its position in TriNet Group, Inc. (NYSE:TNET) by 48.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 512 shares of the business services provider’s stock after selling 475 shares during the period. Nisa Investment Advisors LLC’s holdings in TriNet Group were worth $41,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of TNET. Linden Thomas Advisory Services LLC lifted its holdings in TriNet Group by 9.6% in the first quarter. Linden Thomas Advisory Services LLC now owns 8,476 shares of the business services provider’s stock valued at $672,000 after acquiring an additional 745 shares during the period. DekaBank Deutsche Girozentrale lifted its holdings in TriNet Group by 15.9% in the first quarter. DekaBank Deutsche Girozentrale now owns 39,096 shares of the business services provider’s stock valued at $3,020,000 after acquiring an additional 5,353 shares during the period. Bank of New York Mellon Corp lifted its holdings in TriNet Group by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider’s stock valued at $18,406,000 after acquiring an additional 9,821 shares during the period. Yorktown Management & Research Co Inc acquired a new position in TriNet Group in the first quarter valued at approximately $345,000. Finally, Vaughan Nelson Investment Management L.P. acquired a new position in TriNet Group in the first quarter valued at approximately $27,037,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Down 1.2%

Shares of TNET opened at $63.90 on Friday. The company has a debt-to-equity ratio of 14.43, a quick ratio of 1.08 and a current ratio of 1.08. The stock has a 50 day moving average price of $77.35 and a 200 day moving average price of $80.08. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 19.07 and a beta of 0.84. TriNet Group, Inc. has a one year low of $63.77 and a one year high of $116.26.

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

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date is Tuesday, July 1st. TriNet Group’s dividend payout ratio is presently 32.84%.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. upped their target price on TriNet Group from $75.00 to $76.00 and gave the stock an “underweight” rating in a research note on Monday, April 28th.

Insiders Place Their Bets

In other news, SVP Sidney A. Majalya sold 500 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total transaction of $41,570.00. Following the completion of the transaction, the senior vice president directly owned 23,033 shares in the company, valued at approximately $1,914,963.62. This represents a 2.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the firm’s 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 transaction, the chief technology officer owned 32,932 shares of the company’s stock, valued at $2,701,741.28. This trade represents a 4.18% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 2,120 shares of company stock valued at $175,291. Company insiders own 38.10% of the company’s stock.

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.