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

Shares of TriNet Group, Inc. (NYSE:TNET) have received a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month price target among brokers that have covered the stock in the last year is $118.40.

Several research analysts recently issued reports on TNET shares. JPMorgan Chase & Co. reissued an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a report on Tuesday. Needham & Company LLC restated a “buy” rating and set a $140.00 price target on shares of TriNet Group in a research report on Wednesday, September 11th.

TriNet Group Trading Down 1.8 %

NYSE TNET opened at $91.64 on Friday. The company has a fifty day simple moving average of $97.10 and a two-hundred day simple moving average of $103.26. The stock has a market cap of $4.55 billion, a P/E ratio of 15.48 and a beta of 1.17. TriNet Group has a 12-month low of $89.93 and a 12-month high of $134.67. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84.

TriNet Group (NYSE:TNET) last issued 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. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. The firm had revenue of $310.00 million during the quarter, compared to analysts’ expectations of $301.76 million. On average, analysts forecast that TriNet Group will post 5.13 earnings per share for the current year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 1st will be given a dividend of $0.25 per share. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.09%. TriNet Group’s dividend payout ratio is presently 16.89%.

Insider Activity at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total value of $39,937.50. Following the sale, the director now owns 37,966 shares in the company, valued at $4,043,379. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other news, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction dated Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the sale, the director now owns 37,966 shares in the company, valued at approximately $4,043,379. This trade represents a 0.00 % 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

Institutional investors have recently modified their holdings of the stock. Jane Street Group LLC raised its stake in TriNet Group by 67.7% during the first quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock worth $152,354,000 after purchasing an additional 464,289 shares during the period. Price T Rowe Associates Inc. MD raised its stake in TriNet Group by 960.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock worth $31,269,000 after purchasing an additional 213,752 shares during the period. Point72 Asset Management L.P. purchased a new position in TriNet Group during the second quarter worth about $20,610,000. Earnest Partners LLC raised its stake in TriNet Group by 19.8% during the first quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider’s stock worth $119,020,000 after purchasing an additional 148,779 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its stake in shares of TriNet Group by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock valued at $121,721,000 after acquiring an additional 103,809 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

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.