TriNet Group, Inc. Announces Quarterly Dividend of $0.25 (NYSE:TNET)

TriNet Group, Inc. (NYSE:TNET) declared a quarterly dividend on Wednesday, September 18th, NASDAQ reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.25 per share by the business services provider on Monday, October 28th. This represents a $1.00 annualized dividend and a yield of 1.02%. The ex-dividend date is Tuesday, October 1st.

TriNet Group has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TriNet Group to earn $5.67 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 17.6%.

TriNet Group Trading Up 0.8 %

Shares of TNET stock traded up $0.76 during trading hours on Thursday, reaching $98.41. The company had a trading volume of 150,849 shares, compared to its average volume of 275,376. The firm has a market cap of $4.89 billion, a price-to-earnings ratio of 16.01 and a beta of 1.17. TriNet Group has a 1-year low of $91.59 and a 1-year high of $134.67. The company has a 50 day moving average of $100.28 and a 200 day moving average of $109.04. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.04.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.29. The business had revenue of $310.00 million during 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%. On average, equities research analysts anticipate that TriNet Group will post 5.13 EPS for the current year.

Insider Activity

In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the sale, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total value of $39,937.50. Following the completion of the sale, the director now directly owns 37,966 shares in the company, valued at $4,043,379. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the firm’s stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the transaction, the chief financial officer now owns 82,409 shares in the company, valued at approximately $8,484,830.64. The disclosure for this sale can be found here. 37.10% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. reduced their price objective on TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a research report on Tuesday, August 20th. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of TriNet Group in a research report on Wednesday, September 11th. Finally, TD Cowen decreased their price target 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 analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $118.40.

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.