TriNet Group (NYSE:TNET) Given New $104.00 Price Target at TD Cowen

TriNet Group (NYSE:TNET) had its price objective boosted by TD Cowen from $92.00 to $104.00 in a research report report published on Wednesday morning,Benzinga reports. TD Cowen currently has a buy rating on the business services provider’s stock.

A number of other brokerages have also weighed in on TNET. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 target price for the company. in a research report on Monday, October 28th. JPMorgan Chase & Co. reaffirmed an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, TriNet Group currently has an average rating of “Hold” and an average price target of $117.00.

TriNet Group Trading Up 0.7 %

NYSE TNET opened at $93.00 on Wednesday. TriNet Group has a 12 month low of $74.32 and a 12 month high of $134.67. The company’s 50-day moving average price is $93.41 and its 200-day moving average price is $98.83. The stock has a market cap of $4.61 billion, a PE ratio of 17.92 and a beta of 1.20. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 1.08%. The ex-dividend date was Tuesday, October 1st. TriNet Group’s payout ratio is 19.27%.

Insider Buying and Selling

In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.96, for a total transaction of $482,161.68. Following the sale, the chief financial officer now owns 82,409 shares in the company, valued at approximately $8,484,830.64. The trade was a 5.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction dated Wednesday, October 30th. The shares were sold at an average price of $86.23, for a total value of $32,336.25. Following the sale, the director now owns 37,591 shares in the company, valued at approximately $3,241,471.93. The trade was a 0.99 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is owned by company insiders.

Institutional Trading of TriNet Group

Large investors have recently added to or reduced their stakes in the company. State Board of Administration of Florida Retirement System boosted its stake in shares of TriNet Group by 10.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 11,902 shares of the business services provider’s stock worth $1,577,000 after buying an additional 1,150 shares during the last quarter. Vanguard Group Inc. boosted its stake in shares of TriNet Group by 1.9% in the first quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock worth $376,053,000 after buying an additional 52,240 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its stake in shares of TriNet Group by 2.8% in the first quarter. CANADA LIFE ASSURANCE Co now owns 28,226 shares of the business services provider’s stock worth $3,746,000 after buying an additional 778 shares during the last quarter. LRI Investments LLC purchased a new stake in shares of TriNet Group in the first quarter worth about $81,000. Finally, Hyperion Capital Advisors LP purchased a new stake in shares of TriNet Group in the first quarter worth about $268,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.