Short Interest in TriNet Group, Inc. (NYSE:TNET) Declines By 14.2%

TriNet Group, Inc. (NYSE:TNET) was the target of a significant drop in short interest during the month of June. As of June 15th, there was short interest totalling 1,090,000 shares, a drop of 14.2% from the May 31st total of 1,270,000 shares. Currently, 2.2% of the company’s stock are sold short. Based on an average daily volume of 281,900 shares, the short-interest ratio is presently 3.9 days.

Insider Transactions at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value of $37,882.50. Following the transaction, the director now owns 36,341 shares of the company’s stock, valued at $3,671,167.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value of $37,882.50. Following the transaction, the director now owns 36,341 shares of the company’s stock, valued at $3,671,167.82. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Alexander G. Warren sold 1,867 shares of the firm’s stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $103.74, for a total transaction of $193,682.58. Following the completion of the transaction, the senior vice president now directly owns 32,661 shares in the company, valued at approximately $3,388,252.14. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently bought and sold shares of TNET. PNC Financial Services Group Inc. increased its holdings in shares of TriNet Group by 31.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider’s stock worth $85,000 after purchasing an additional 176 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of TriNet Group by 128.2% during the 3rd quarter. Envestnet Asset Management Inc. now owns 54,106 shares of the business services provider’s stock worth $6,302,000 after purchasing an additional 30,397 shares during the period. Invesco Ltd. increased its holdings in shares of TriNet Group by 2.7% during the 3rd quarter. Invesco Ltd. now owns 94,205 shares of the business services provider’s stock worth $10,973,000 after purchasing an additional 2,514 shares during the period. Quadrature Capital Ltd bought a new stake in TriNet Group in the third quarter valued at about $942,000. Finally, Glenmede Trust Co. NA bought a new stake in TriNet Group in the third quarter valued at about $917,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

Wall Street Analysts Forecast Growth

TNET has been the topic of a number of recent analyst reports. StockNews.com cut TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. Needham & Company LLC lowered their price objective on shares of TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Finally, TD Cowen lowered their price objective on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $113.83.

TriNet Group Price Performance

TriNet Group stock traded up $0.56 during mid-day trading on Tuesday, hitting $99.66. The company’s stock had a trading volume of 310,052 shares, compared to its average volume of 266,695. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 6.88. The stock has a market capitalization of $5.04 billion, a P/E ratio of 16.28 and a beta of 1.19. TriNet Group has a twelve month low of $90.55 and a twelve month high of $134.67. The stock’s fifty day moving average price is $105.01 and its two-hundred day moving average price is $116.47.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Friday, April 26th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.36). TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The business had revenue of $357.00 million during the quarter, compared to analyst estimates of $380.41 million. Research analysts forecast that TriNet Group will post 4.82 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 1st will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date is Monday, July 1st. TriNet Group’s dividend payout ratio is 16.39%.

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.