Landscape Capital Management L.L.C. Sells 6,777 Shares of TriNet Group, Inc. (NYSE:TNET)

Landscape Capital Management L.L.C. lessened its holdings in TriNet Group, Inc. (NYSE:TNET) by 11.1% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 54,202 shares of the business services provider’s stock after selling 6,777 shares during the period. TriNet Group accounts for approximately 0.5% of Landscape Capital Management L.L.C.’s portfolio, making the stock its 29th largest holding. Landscape Capital Management L.L.C. owned approximately 0.11% of TriNet Group worth $5,256,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Wedge Capital Management L L P NC increased its position in shares of TriNet Group by 14.5% in the second quarter. Wedge Capital Management L L P NC now owns 163,600 shares of the business services provider’s stock worth $16,360,000 after purchasing an additional 20,680 shares during the last quarter. Boston Partners boosted its stake in TriNet Group by 20.8% in the first quarter. Boston Partners now owns 108,157 shares of the business services provider’s stock worth $14,319,000 after buying an additional 18,586 shares in the last quarter. US Bancorp DE grew its position in TriNet Group by 9,893.1% during the third quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock valued at $698,000 after acquiring an additional 7,123 shares during the last quarter. Summit Global Investments purchased a new position in shares of TriNet Group during the third quarter worth approximately $605,000. Finally, Harbor Capital Advisors Inc. lifted its holdings in shares of TriNet Group by 276.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,439 shares of the business services provider’s stock worth $944,000 after acquiring an additional 6,933 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Stock Up 5.8 %

Shares of NYSE:TNET opened at $94.24 on Thursday. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. TriNet Group, Inc. has a 1 year low of $74.32 and a 1 year high of $134.67. The company has a market cap of $4.67 billion, a PE ratio of 18.16 and a beta of 1.20. The stock’s 50-day moving average is $93.60 and its 200 day moving average is $98.98.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Investors of record on Tuesday, October 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 1.06%. The ex-dividend date was Tuesday, October 1st. TriNet Group’s dividend payout ratio is currently 19.27%.

Insider Buying and Selling

In related news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the completion of the transaction, the director now owns 37,591 shares of the company’s stock, valued at $3,241,471.93. This trade represents a 0.99 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction dated 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 transaction, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. This represents a 5.38 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Needham & Company LLC cut shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price on the stock. in a research report on Monday, October 28th. TD Cowen boosted their target price on TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a report on Tuesday, October 22nd. One analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, TriNet Group currently has an average rating of “Hold” and a consensus target price of $117.00.

TriNet Group Company 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.