TriNet Group, Inc. (NYSE:TNET) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have been assigned an average rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $118.40.

A number of equities research analysts have recently weighed in on the company. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price objective on shares of TriNet Group in a research report on Wednesday, September 11th. TD Cowen cut their price target on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. reduced their price objective on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th.

Insider Activity at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total value of $39,937.50. Following the completion of the transaction, the director now owns 37,966 shares in the company, valued at $4,043,379. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction 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 completion of the transaction, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction 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 transaction, the director now 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 currently owned by corporate insiders.

Institutional Trading of TriNet Group

Several institutional investors have recently bought and sold shares of the company. Principal Securities Inc. purchased a new position in TriNet Group in the fourth quarter worth about $26,000. Rothschild Investment LLC bought a new stake in shares of TriNet Group during the second quarter valued at approximately $45,000. Blue Trust Inc. raised its holdings in TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after acquiring an additional 104 shares during the last quarter. Avion Wealth lifted its position in TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 129 shares in the last quarter. Finally, LRI Investments LLC bought a new position in TriNet Group in the 1st quarter valued at approximately $81,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Trading Up 0.6 %

Shares of TNET opened at $96.21 on Monday. The stock has a market capitalization of $4.78 billion, a P/E ratio of 15.77 and a beta of 1.17. TriNet Group has a twelve month low of $91.59 and a twelve month high of $134.67. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84. The firm has a fifty day simple moving average of $98.88 and a two-hundred day simple moving average of $107.64.

TriNet Group (NYSE:TNET) last posted its earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.29. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. The company had revenue of $310.00 million during the quarter, compared to analyst estimates of $301.76 million. On average, research analysts anticipate that TriNet Group will post 5.13 EPS for the current year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.04%. The ex-dividend date is Tuesday, October 1st. TriNet Group’s payout ratio is presently 16.39%.

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.