TriNet Group, Inc. (NYSE:TNET) Given Average Rating of “Moderate Buy” by Analysts

Shares of TriNet Group, Inc. (NYSE:TNET) have been assigned a consensus rating of “Moderate Buy” from the six research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $118.40.

Several research analysts have recently commented on the company. TD Cowen decreased their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, June 24th. JPMorgan Chase & Co. decreased their price objective 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, Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price objective on shares of TriNet Group in a report on Monday, July 29th.

TriNet Group Trading Up 0.5 %

NYSE TNET opened at $102.54 on Thursday. The stock’s 50-day simple moving average is $100.97 and its two-hundred day simple moving average is $111.74. TriNet Group has a twelve month low of $91.59 and a twelve month high of $134.67. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84. The company has a market capitalization of $5.18 billion, a price-to-earnings ratio of 16.81 and a beta of 1.19.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates 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 the consensus estimate of $301.76 million. Research analysts forecast that TriNet Group will post 5.05 EPS for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Monday, July 1st. This represents a $1.00 dividend on an annualized basis and a yield of 0.98%. TriNet Group’s dividend payout ratio is presently 16.39%.

Insider Activity at TriNet Group

In related news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the transaction, the director now owns 37,966 shares in the company, valued at approximately $4,043,379. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 37.10% of the stock is owned by company insiders.

Institutional Trading of TriNet Group

Large investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in TriNet Group during the 4th quarter valued at approximately $26,000. Rothschild Investment LLC bought a new stake in TriNet Group during the 2nd quarter valued at approximately $45,000. Blue Trust Inc. boosted its position in TriNet Group by 24.9% during the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after acquiring an additional 104 shares in the last quarter. Avion Wealth boosted its position in TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after acquiring an additional 129 shares in the last quarter. Finally, LRI Investments LLC bought a new stake in TriNet Group during the 1st quarter valued at approximately $81,000. 96.81% of the stock is owned by institutional investors.

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.