TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain Sells 375 Shares

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value of $37,882.50. Following the completion of the sale, the director now directly owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

TriNet Group Stock Performance

NYSE:TNET opened at $101.13 on Friday. The firm has a market capitalization of $5.11 billion, a PE ratio of 16.58 and a beta of 1.16. TriNet Group, Inc. has a 1 year low of $87.20 and a 1 year high of $134.67. The company has a current ratio of 1.06, a quick ratio of 1.05 and a debt-to-equity ratio of 6.88. The firm’s fifty day simple moving average is $125.63 and its 200 day simple moving average is $118.75.

TriNet Group (NYSE:TNET) last released its quarterly earnings results 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. The company had revenue of $326.00 million during the quarter, compared to analysts’ expectations of $300.36 million. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. On average, sell-side analysts anticipate that TriNet Group, Inc. will post 4.78 EPS for the current year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 28th. TriNet Group’s dividend payout ratio is currently 16.39%.

Institutional Investors Weigh In On TriNet Group

Several hedge funds have recently modified their holdings of TNET. Principal Securities Inc. bought a new position in TriNet Group during the fourth quarter worth $26,000. Avion Wealth grew its position in TriNet Group by 22.9% in the 4th quarter. Avion Wealth now owns 569 shares of the business services provider’s stock worth $68,000 after purchasing an additional 106 shares during the last quarter. PNC Financial Services Group Inc. increased its holdings in shares of TriNet Group by 31.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider’s stock worth $85,000 after purchasing an additional 176 shares during the period. Group One Trading L.P. acquired a new position in shares of TriNet Group during the third quarter valued at about $90,000. Finally, Blue Trust Inc. lifted its stake in shares of 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. 96.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on TNET. TD Cowen lifted their target price on shares of TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a research note on Monday, March 4th. StockNews.com lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Stifel Nicolaus increased their target price on shares of TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. Finally, Needham & Company LLC cut their target price on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, TriNet Group has an average rating of “Hold” and a consensus target price of $117.50.

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.