TriNet Group’s (TNET) “Hold” Rating Reiterated at Needham & Company LLC

Needham & Company LLC restated their hold rating on shares of TriNet Group (NYSE:TNET) in a research report released on Friday morning,Benzinga reports.

Several other research firms have also commented on TNET. TD Cowen raised their price target on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. JPMorgan Chase & Co. restated an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd.

TriNet Group Stock Down 1.4 %

NYSE:TNET opened at $77.35 on Friday. The firm has a market capitalization of $3.84 billion, a P/E ratio of 14.90 and a beta of 1.21. TriNet Group has a 1-year low of $74.32 and a 1-year high of $134.67. The company’s fifty day moving average price is $91.25 and its 200-day moving average price is $93.57. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. The firm had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. TriNet Group had a net margin of 5.29% and a return on equity of 248.94%. As a group, equities research analysts anticipate that TriNet Group will post 4.14 EPS for the current year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.29%. TriNet Group’s dividend payout ratio is presently 19.27%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of the stock in a transaction on Friday, November 29th. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35. Following the transaction, the chief technology officer now directly owns 34,606 shares of the company’s stock, valued at $3,219,396.18. This trade represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders have sold a total of 11,942 shares of company stock valued at $1,083,506 over the last ninety days. Corporate insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. TD Private Client Wealth LLC lifted its stake in shares of TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock worth $58,000 after buying an additional 121 shares in the last quarter. IFP Advisors Inc lifted its stake in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after buying an additional 240 shares in the last quarter. KBC Group NV lifted its stake in shares of TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after buying an additional 199 shares in the last quarter. Avion Wealth lifted its stake in shares of TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after buying an additional 140 shares in the last quarter. Finally, PNC Financial Services Group Inc. lifted its stake in shares of TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock worth $131,000 after buying an additional 785 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

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.