Emerald Advisers LLC Sells 10,031 Shares of TriNet Group, Inc. (NYSE:TNET)

Emerald Advisers LLC trimmed its holdings in TriNet Group, Inc. (NYSE:TNET) by 3.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 250,168 shares of the business services provider’s stock after selling 10,031 shares during the period. Emerald Advisers LLC’s holdings in TriNet Group were worth $25,017,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the business. Arizona State Retirement System grew its position in shares of TriNet Group by 2.0% in the 2nd quarter. Arizona State Retirement System now owns 9,203 shares of the business services provider’s stock valued at $920,000 after purchasing an additional 180 shares during the period. Victory Capital Management Inc. lifted its stake in TriNet Group by 6.7% in the second quarter. Victory Capital Management Inc. now owns 23,759 shares of the business services provider’s stock valued at $2,376,000 after buying an additional 1,485 shares in the last quarter. Chase Investment Counsel Corp acquired a new position in shares of TriNet Group in the second quarter valued at approximately $875,000. Rhumbline Advisers increased its position in shares of TriNet Group by 4.3% during the second quarter. Rhumbline Advisers now owns 49,253 shares of the business services provider’s stock worth $4,925,000 after acquiring an additional 2,051 shares in the last quarter. Finally, Rothschild Investment LLC acquired a new stake in shares of TriNet Group during the second quarter worth $45,000. 96.81% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. TD Cowen reduced their target price on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, June 24th. JPMorgan Chase & Co. reduced their price objective on TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. Finally, Needham & Company LLC reiterated a “buy” rating and set a $140.00 price objective on shares of TriNet Group in a report on Monday, July 29th. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $118.40.

Insider Buying and Selling

In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction on Thursday, August 29th. The shares were 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 in the company, valued at $8,484,830.64. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following the transaction, the chief financial officer now owns 82,409 shares of the company’s stock, valued at $8,484,830.64. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction that occurred 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 sale, the director now directly owns 37,966 shares of the company’s stock, valued at $4,043,379. The disclosure for this sale can be found here. 37.10% of the stock is owned by corporate insiders.

TriNet Group Trading Down 3.2 %

Shares of NYSE:TNET opened at $94.07 on Friday. The stock has a market capitalization of $4.76 billion, a PE ratio of 15.42 and a beta of 1.17. The company’s 50-day moving average price is $100.68 and its two-hundred day moving average price is $110.80. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.04. TriNet Group, Inc. has a one year low of $91.59 and a one 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.29. The business had revenue of $310.00 million for the quarter, compared to analyst estimates of $301.76 million. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. On average, equities analysts forecast that TriNet Group, Inc. will post 5.13 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were paid a $0.25 dividend. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. TriNet Group’s dividend payout ratio is presently 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.