TriNet Group’s (TNET) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of TriNet Group (NYSE:TNET) in a research report sent to investors on Tuesday morning, Marketbeat Ratings reports. They currently have a $103.00 price objective on the business services provider’s stock.

Several other research firms have also recently issued reports on TNET. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price target on shares of TriNet Group in a report on Wednesday, September 11th. TD Cowen lowered their target price on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $118.40.

TriNet Group Trading Up 0.9 %

NYSE TNET opened at $92.04 on Tuesday. The company’s fifty day simple moving average is $97.18 and its 200-day simple moving average is $103.41. TriNet Group has a 52 week low of $89.93 and a 52 week 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. The stock has a market cap of $4.57 billion, a P/E ratio of 15.55 and a beta of 1.17.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.29. The firm had revenue of $310.00 million for the quarter, compared to analysts’ expectations of $301.76 million. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. Equities research analysts predict that TriNet Group will post 5.13 EPS for the current fiscal year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders 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 dividend yield of 1.09%. TriNet Group’s dividend payout ratio is currently 16.89%.

Insider Transactions at TriNet Group

In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares in the company, valued at approximately $8,484,830.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares in the company, valued at approximately $8,484,830.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the transaction, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets lifted its holdings in TriNet Group by 23.2% in the 1st quarter. BNP Paribas Financial Markets now owns 43,952 shares of the business services provider’s stock valued at $5,823,000 after acquiring an additional 8,275 shares during the last quarter. Wedge Capital Management L L P NC lifted its holdings in TriNet Group by 14.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 163,600 shares of the business services provider’s stock valued at $16,360,000 after acquiring an additional 20,680 shares during the last quarter. Boston Partners lifted its holdings in TriNet Group by 20.8% in the 1st quarter. Boston Partners now owns 108,157 shares of the business services provider’s stock valued at $14,319,000 after acquiring an additional 18,586 shares during the last quarter. Harbor Capital Advisors Inc. lifted its holdings in TriNet Group by 276.7% in the 2nd quarter. Harbor Capital Advisors Inc. now owns 9,439 shares of the business services provider’s stock valued at $944,000 after acquiring an additional 6,933 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in TriNet Group by 108.1% in the 1st quarter. Van ECK Associates Corp now owns 49,289 shares of the business services provider’s stock valued at $6,531,000 after acquiring an additional 25,606 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.