TriNet Group (NYSE:TNET) Shares Down 3.6% – Time to Sell?

TriNet Group, Inc. (NYSE:TNET)’s stock price dropped 3.6% during trading on Thursday . The company traded as low as $77.00 and last traded at $75.61. Approximately 48,071 shares changed hands during mid-day trading, a decline of 87% from the average daily volume of 372,784 shares. The stock had previously closed at $78.43.

Analysts Set New Price Targets

Several analysts recently weighed in on TNET shares. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and dropped their target price for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research report on Thursday, March 13th.

TriNet Group Stock Down 2.5 %

The stock has a market cap of $3.70 billion, a price-to-earnings ratio of 22.36 and a beta of 1.06. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock has a fifty day moving average of $76.73 and a two-hundred day moving average of $86.93.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. As a group, analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 28th. Shareholders of record on Tuesday, April 1st will be given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.44%. This is an increase from TriNet Group’s previous quarterly dividend of $0.25. The ex-dividend date is Tuesday, April 1st. TriNet Group’s dividend payout ratio is 32.16%.

Insider Buying and Selling at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,364 shares of the business’s stock in a transaction on Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $94,607.04. Following the sale, the chief technology officer now owns 19,867 shares of the company’s stock, valued at $1,377,975.12. The trade was a 6.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the sale, the director now directly owns 36,991 shares of the company’s stock, valued at $2,565,695.76. This represents a 1.60 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TriNet Group

A number of institutional investors and hedge funds have recently made changes to their positions in the company. Wealthfront Advisers LLC acquired a new stake in shares of TriNet Group during the fourth quarter worth about $456,581,000. Capital Research Global Investors increased its position in TriNet Group by 98.2% during the fourth quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider’s stock worth $256,229,000 after buying an additional 1,398,573 shares during the last quarter. ArrowMark Colorado Holdings LLC acquired a new stake in TriNet Group during the 4th quarter valued at $35,567,000. Vaughan Nelson Investment Management L.P. acquired a new position in shares of TriNet Group in the first quarter valued at approximately $27,037,000. Finally, Wellington Management Group LLP increased its position in TriNet Group by 23.1% during the fourth quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider’s stock worth $147,674,000 after acquiring an additional 305,165 shares during the period. Institutional investors 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.