TriNet Group (NYSE:TNET) Downgraded by StockNews.com

StockNews.com downgraded shares of TriNet Group (NYSE:TNET) from a buy rating to a hold rating in a research report report published on Monday.

A number of other research analysts have also commented on TNET. Needham & Company LLC decreased their price objective on TriNet Group from $150.00 to $140.00 and set a buy rating on the stock in a report on Friday, April 26th. Stifel Nicolaus upped their price target on shares of TriNet Group from $117.00 to $121.00 and gave the company a buy rating in a research note on Friday, February 16th. Finally, TD Cowen lifted their price objective on shares of TriNet Group from $129.00 to $140.00 and gave the stock an outperform rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of Hold and a consensus price target of $117.50.

TriNet Group Stock Performance

Shares of TNET opened at $101.68 on Monday. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.05. The firm has a 50-day moving average of $126.62 and a 200-day moving average of $119.01. The company has a market cap of $5.14 billion, a PE ratio of 16.67 and a beta of 1.09. TriNet Group has a one year low of $87.20 and a one year high of $134.67.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $0.95 by $0.46. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The company had revenue of $326.00 million during the quarter, compared to the consensus estimate of $300.36 million. As a group, equities analysts forecast that TriNet Group will post 5.79 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 0.98%. The ex-dividend date was Thursday, March 28th. TriNet Group’s dividend payout ratio (DPR) is presently 16.39%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Alexander G. Warren sold 2,385 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the transaction, the senior vice president now directly owns 18,365 shares of the company’s stock, valued at $2,260,180.55. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other TriNet Group news, SVP Alexander G. Warren sold 2,385 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the transaction, the senior vice president now owns 18,365 shares in the company, valued at $2,260,180.55. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the sale, the executive vice president now directly owns 48,562 shares of the company’s stock, valued at $6,064,422.56. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 31,052 shares of company stock valued at $3,837,142. 37.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Principal Securities Inc. purchased a new stake in TriNet Group during the fourth quarter valued at about $26,000. Avion Wealth grew its position in TriNet Group by 22.9% during the 4th quarter. Avion Wealth now owns 569 shares of the business services provider’s stock worth $68,000 after acquiring an additional 106 shares during the last quarter. PNC Financial Services Group Inc. increased its stake in TriNet Group by 31.8% in the 3rd 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 stake in TriNet Group in the third quarter valued at approximately $90,000. Finally, Blue Trust Inc. lifted its position in TriNet Group by 15.7% in the fourth 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 last quarter. 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.