TriNet Group (NYSE:TNET) Stock Passes Above 50 Day Moving Average – Time to Sell?

TriNet Group, Inc. (NYSE:TNET)’s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $59.47 and traded as high as $62.85. TriNet Group shares last traded at $60.9980, with a volume of 469,993 shares.

Analysts Set New Price Targets

Several brokerages have weighed in on TNET. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. JPMorgan Chase & Co. dropped their target price on TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. UBS Group cut their price target on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Truist Financial assumed coverage on TriNet Group in a research report on Friday, December 5th. They set a “hold” rating and a $62.00 price target on the stock. Finally, TD Cowen cut their price objective on TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Five research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, TriNet Group presently has an average rating of “Reduce” and an average price target of $63.50.

TriNet Group Stock Performance

The firm’s 50-day moving average price is $59.47 and its two-hundred day moving average price is $62.92. The company has a debt-to-equity ratio of 8.14, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a market cap of $2.93 billion, a price-to-earnings ratio of 22.51 and a beta of 0.82.

TriNet Group (NYSE:TNET) last posted its earnings results on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $261.92 million. TriNet Group had a net margin of 2.64% and a return on equity of 212.38%. TriNet Group’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.17 earnings per share. On average, analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 2nd were issued a $0.275 dividend. The ex-dividend date was Friday, January 2nd. This represents a $1.10 dividend on an annualized basis and a yield of 1.8%. TriNet Group’s dividend payout ratio (DPR) is 40.59%.

Insider Buying and Selling

In other news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $61.86, for a total transaction of $47,941.50. Following the completion of the transaction, the senior vice president directly owned 19,853 shares of the company’s stock, valued at approximately $1,228,106.58. The trade was a 3.76% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.51, for a total transaction of $82,641.87. Following the sale, the chief technology officer owned 27,922 shares in the company, valued at $1,605,794.22. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 3,398 shares of company stock valued at $197,279. Company insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TNET. Massachusetts Financial Services Co. MA raised its holdings in shares of TriNet Group by 19.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after purchasing an additional 387,940 shares in the last quarter. Hsbc Holdings PLC increased its holdings in TriNet Group by 758.6% in the second quarter. Hsbc Holdings PLC now owns 35,247 shares of the business services provider’s stock valued at $2,563,000 after buying an additional 31,142 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in TriNet Group by 90.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider’s stock valued at $47,441,000 after buying an additional 307,440 shares in the last quarter. Heron Bay Capital Management lifted its holdings in TriNet Group by 28.2% during the 2nd quarter. Heron Bay Capital Management now owns 78,620 shares of the business services provider’s stock worth $5,750,000 after buying an additional 17,287 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in shares of TriNet Group during the 2nd quarter worth about $492,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

About TriNet Group

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.