TriNet Group, Inc. (NYSE:TNET) Receives Consensus Rating of “Moderate Buy” from Brokerages

TriNet Group, Inc. (NYSE:TNET) has been assigned a consensus recommendation of “Moderate Buy” from the six analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $118.40.

A number of equities research analysts recently issued reports on TNET shares. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of TriNet Group in a research report on Wednesday, September 11th. JPMorgan Chase & Co. decreased their target price on TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Finally, TD Cowen decreased their target price on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, June 24th.

Insider Activity at TriNet Group

In related news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction 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 approximately $4,043,379. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Paul Edward Chamberlain sold 375 shares of the company’s 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 directly owns 37,966 shares in the company, valued at approximately $4,043,379. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now owns 82,409 shares of the company’s stock, valued at $8,484,830.64. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by corporate insiders.

Institutional Trading of TriNet Group

Several institutional investors and hedge funds have recently modified their holdings of the business. Oliver Luxxe Assets LLC lifted its position in shares of TriNet Group by 1.4% during the 1st quarter. Oliver Luxxe Assets LLC now owns 5,860 shares of the business services provider’s stock worth $776,000 after buying an additional 83 shares during the last quarter. Jennison Associates LLC lifted its position in shares of TriNet Group by 1.8% during the 1st quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock worth $750,000 after buying an additional 99 shares during the last quarter. Blue Trust Inc. lifted its position in shares of TriNet Group by 24.9% during the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after buying an additional 104 shares during the last quarter. Avion Wealth lifted its position in shares of TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after buying an additional 129 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in TriNet Group by 1.8% in the 2nd quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock worth $822,000 after purchasing an additional 142 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Price Performance

Shares of TNET opened at $96.79 on Monday. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84. TriNet Group has a 1 year low of $91.59 and a 1 year high of $134.67. The stock has a market cap of $4.89 billion, a P/E ratio of 15.87 and a beta of 1.17. The stock’s 50-day moving average price is $100.14 and its two-hundred day moving average price is $108.53.

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

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 1st will be paid a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.03%. TriNet Group’s dividend payout ratio (DPR) is presently 16.39%.

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.