TriNet Group, Inc. (NYSE:TNET) Receives Consensus Rating of “Hold” from Analysts

TriNet Group, Inc. (NYSE:TNET) has been assigned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among analysts that have covered the stock in the last year is $117.50.

A number of research analysts have recently weighed in on the company. StockNews.com downgraded TriNet Group from a “buy” rating to a “hold” rating in a report on Monday. Needham & Company LLC lowered their target price on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research note on Friday, April 26th. Stifel Nicolaus increased their price target on shares of TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, TD Cowen boosted their price objective on shares of TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a research report on Monday, March 4th.

Insider Transactions at TriNet Group

In other TriNet Group news, Director Wayne B. Lowell sold 10,000 shares of TriNet Group stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total transaction of $1,222,200.00. Following the completion of the transaction, the director now directly owns 84,766 shares of the company’s stock, valued at $10,360,100.52. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, EVP Samantha Wellington sold 14,271 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Wayne B. Lowell sold 10,000 shares of the company’s stock in a transaction on Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total value of $1,222,200.00. Following the transaction, the director now directly owns 84,766 shares in the company, valued at approximately $10,360,100.52. The disclosure for this sale can be found here. In the last ninety days, insiders sold 31,052 shares of company stock valued at $3,837,142. Corporate insiders own 37.10% of the company’s stock.

Institutional Trading of TriNet Group

Institutional investors have recently bought and sold shares of the business. Principal Securities Inc. bought a new stake in shares of TriNet Group in the 4th quarter valued at $26,000. Avion Wealth increased its holdings in shares of TriNet Group by 30.8% in the third quarter. Avion Wealth now owns 463 shares of the business services provider’s stock worth $53,000 after acquiring an additional 109 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of TriNet Group by 31.8% during the third 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. Group One Trading L.P. bought a new position in shares of TriNet Group during the 3rd quarter valued at about $90,000. Finally, Blue Trust Inc. grew its position in shares of TriNet Group by 15.7% in the 4th quarter. Blue Trust Inc. now owns 798 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 108 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Trading Down 2.8 %

Shares of TNET stock opened at $100.37 on Friday. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 12.62. The stock has a 50-day simple moving average of $127.06 and a 200 day simple moving average of $119.14. TriNet Group has a fifty-two week low of $87.20 and a fifty-two week high of $134.67. The stock has a market capitalization of $5.08 billion, a P/E ratio of 16.45 and a beta of 1.09.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.95 by $0.46. TriNet Group had a return on equity of 106.58% and a net margin of 6.78%. The company had revenue of $326.00 million for the quarter, compared to analysts’ expectations of $300.36 million. On average, sell-side analysts expect that TriNet Group will post 5.79 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were paid 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 of this dividend was Thursday, March 28th. 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.