TriNet Group, Inc. (NYSE:TNET) Given Consensus Rating of “Hold” by Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have received an average recommendation of “Hold” from the seven analysts that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $119.17.

TNET has been the topic of a number of analyst reports. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of TriNet Group in a research note on Friday, March 1st. Stifel Nicolaus lifted 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. StockNews.com upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, TD Cowen lifted their price objective on shares of TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th.

Insiders Place Their Bets

In related news, SVP Alexander G. Warren sold 2,385 shares of the company’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $123.07, for a total transaction of $293,521.95. Following the completion of the sale, the senior vice president now directly owns 18,365 shares of the company’s stock, valued at approximately $2,260,180.55. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, EVP Samantha Wellington sold 14,271 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at approximately $6,064,422.56. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Alexander G. Warren sold 2,385 shares of the firm’s stock in a transaction on 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 sale, the senior vice president now owns 18,365 shares in the company, valued at $2,260,180.55. 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 quarter. Insiders own 37.10% of the company’s stock.

Institutional Trading of TriNet Group

Several institutional investors have recently modified their holdings of TNET. Principal Securities Inc. bought a new stake in TriNet Group in the fourth quarter valued at about $26,000. Avion Wealth raised its holdings in shares of TriNet Group by 30.8% in the 3rd quarter. Avion Wealth now owns 463 shares of the business services provider’s stock worth $53,000 after buying an additional 109 shares in the last quarter. PNC Financial Services Group Inc. lifted its position 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 buying an additional 176 shares during the period. Group One Trading L.P. acquired a new stake in TriNet Group in the 3rd quarter valued at $90,000. Finally, Blue Trust Inc. boosted its stake in TriNet Group by 15.7% in the 4th 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 in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Price Performance

Shares of NYSE TNET opened at $126.78 on Friday. The firm has a 50-day moving average of $128.43 and a two-hundred day moving average of $119.48. The company has a market capitalization of $6.41 billion, a price-to-earnings ratio of 19.53 and a beta of 1.09. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 12.62. TriNet Group has a twelve month low of $79.00 and a twelve month high of $134.67.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.46. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. The firm had revenue of $326.00 million for the quarter, compared to analyst estimates of $300.36 million. As a group, analysts expect that TriNet Group will post 5.79 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.79%. TriNet Group’s dividend payout ratio is currently 15.41%.

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.