Shares of TriNet Group, Inc. (NYSE:TNET – Get Free Report) have received a consensus rating of “Hold” from the five brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $99.67.
TNET has been the topic of several recent research reports. TD Cowen upgraded TriNet Group from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $95.00 to $125.00 in a research report on Monday, August 7th. Needham & Company LLC increased their price objective on TriNet Group from $120.00 to $135.00 and gave the stock a “buy” rating in a research report on Monday. Credit Suisse Group reiterated a “neutral” rating and issued a $87.00 price objective on shares of TriNet Group in a research report on Thursday, July 27th. JPMorgan Chase & Co. increased their price objective on TriNet Group from $90.00 to $107.00 and gave the stock an “underweight” rating in a research report on Tuesday, August 22nd. Finally, StockNews.com began coverage on TriNet Group in a research report on Thursday, August 17th. They issued a “buy” rating on the stock.
Insider Activity at TriNet Group
Institutional Inflows and Outflows
Several large investors have recently modified their holdings of TNET. Virginia Retirement Systems ET AL purchased a new position in TriNet Group during the 2nd quarter valued at about $931,000. Osaic Holdings Inc. increased its holdings in TriNet Group by 741.3% during the 2nd quarter. Osaic Holdings Inc. now owns 7,025 shares of the business services provider’s stock valued at $667,000 after purchasing an additional 6,190 shares during the period. Teachers Retirement System of The State of Kentucky purchased a new position in TriNet Group during the 2nd quarter valued at about $1,142,000. GTS Securities LLC purchased a new position in TriNet Group during the 2nd quarter valued at about $535,000. Finally, Wells Fargo & Company MN increased its holdings in TriNet Group by 1,012.9% during the 2nd quarter. Wells Fargo & Company MN now owns 97,386 shares of the business services provider’s stock valued at $9,249,000 after purchasing an additional 88,635 shares during the period. Hedge funds and other institutional investors own 93.58% of the company’s stock.
TriNet Group Price Performance
TriNet Group stock opened at $114.51 on Thursday. TriNet Group has a 12 month low of $60.60 and a 12 month high of $114.73. The company has a current ratio of 1.28, a quick ratio of 1.28 and a debt-to-equity ratio of 0.54. The business’s 50 day simple moving average is $103.43 and its 200 day simple moving average is $93.47. The company has a market cap of $6.83 billion, a price-to-earnings ratio of 20.63 and a beta of 1.16.
TriNet Group (NYSE:TNET – Get Free Report) last posted its earnings results on Wednesday, July 26th. The business services provider reported $1.52 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.07 by $0.45. The firm had revenue of $341.00 million for the quarter, compared to the consensus estimate of $310.34 million. TriNet Group had a return on equity of 45.40% and a net margin of 6.91%. Sell-side analysts forecast that TriNet Group will post 6.09 EPS for the current year.
TriNet Group Company Profile
TriNet Group, Inc provides human resources (HR) consulting services, employee benefit options, payroll services, and employment risk mitigation 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.
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