TriNet Group (NYSE:TNET) Rating Lowered to Hold at StockNews.com

StockNews.com lowered shares of TriNet Group (NYSE:TNET) from a buy rating to a hold rating in a report published on Monday.

Other research analysts have also recently issued reports about the company. TD Cowen boosted their target price on TriNet Group from $129.00 to $140.00 and gave the company an outperform rating in a research note on Monday, March 4th. Needham & Company LLC cut their price objective on shares of TriNet Group from $150.00 to $140.00 and set a buy rating on the stock in a research report on Friday. Finally, Stifel Nicolaus increased their target price on TriNet Group from $117.00 to $121.00 and gave the stock a buy rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of Hold and a consensus target price of $117.50.

TriNet Group Stock Performance

Shares of TriNet Group stock opened at $103.31 on Monday. TriNet Group has a fifty-two week low of $87.20 and a fifty-two week high of $134.67. The firm has a market cap of $5.22 billion, a P/E ratio of 16.94 and a beta of 1.09. The company has a debt-to-equity ratio of 12.62, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $127.52 and a 200 day simple moving average of $119.27.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a net margin of 6.78% and a return on equity of 106.58%. The firm had revenue of $326.00 million for the quarter, compared to analysts’ expectations of $300.36 million. Sell-side analysts predict that TriNet Group will post 5.79 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. TriNet Group’s dividend payout ratio is currently 16.39%.

Insider Transactions at TriNet Group

In other news, SVP Alexander G. Warren sold 2,385 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total transaction of $293,521.95. Following the completion of the transaction, the senior vice president now directly owns 18,365 shares of the company’s stock, valued at $2,260,180.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, SVP Alexander G. Warren sold 2,385 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total transaction of $293,521.95. Following the sale, the senior vice president now owns 18,365 shares in the company, valued at $2,260,180.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,396 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $122.67, for a total value of $539,257.32. Following the sale, the chief financial officer now owns 65,999 shares in the company, valued at approximately $8,096,097.33. The disclosure for this sale can be found here. Insiders sold 31,052 shares of company stock valued at $3,837,142 over the last three months. Company insiders own 37.10% of the company’s stock.

Institutional Trading of TriNet Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Principal Securities Inc. bought a new stake in TriNet Group during the fourth quarter worth about $26,000. Avion Wealth raised its holdings in TriNet Group by 22.9% during the fourth quarter. Avion Wealth now owns 569 shares of the business services provider’s stock worth $68,000 after acquiring an additional 106 shares in the last quarter. PNC Financial Services Group Inc. raised its stake in TriNet Group by 31.8% in the third quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider’s stock valued at $85,000 after buying an additional 176 shares during the period. Group One Trading L.P. bought a new stake in TriNet Group in the third quarter valued at approximately $90,000. Finally, Blue Trust Inc. raised its stake in TriNet Group by 15.7% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the business services provider’s stock valued at $93,000 after buying an additional 108 shares during the period. 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.