StockNews.com Lowers TriNet Group (NYSE:TNET) to Hold

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

TNET has been the subject of several other research reports. Stifel Nicolaus increased their price objective 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. Needham & Company LLC decreased their price objective on shares of TriNet Group from $150.00 to $140.00 and set a buy rating on the stock in a report on Friday, April 26th. Finally, TD Cowen raised their price target 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. 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 company’s stock. According to MarketBeat.com, the company presently has a consensus rating of Hold and a consensus target price of $117.50.

TriNet Group Stock Up 1.3 %

TNET opened at $101.68 on Monday. The business has a 50 day moving average of $126.62 and a 200-day moving average of $119.01. TriNet Group 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 stock has a market capitalization of $5.14 billion, a price-to-earnings ratio of 16.67 and a beta of 1.09.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The business had revenue of $326.00 million for the quarter, compared to analyst estimates of $300.36 million. As a group, sell-side analysts anticipate that TriNet Group will post 5.79 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were paid a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 0.98%. The ex-dividend date of this dividend was Thursday, March 28th. TriNet Group’s dividend payout ratio is presently 16.39%.

Insider Transactions at TriNet Group

In other TriNet Group news, SVP Alexander G. Warren sold 2,385 shares of the business’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $123.07, for a total value 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 $2,260,180.55. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other TriNet Group 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 value of $293,521.95. Following the completion of the transaction, the senior vice president now directly owns 18,365 shares in the company, valued at approximately $2,260,180.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares of the company’s stock, valued at approximately $6,064,422.56. The disclosure for this sale can be found here. Insiders have sold 31,052 shares of company stock valued at $3,837,142 in the last quarter. Insiders own 37.10% of the company’s stock.

Institutional Trading of TriNet Group

Several large investors have recently modified their holdings of the company. Principal Securities Inc. bought a new stake in shares of TriNet Group in the fourth quarter worth about $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 valued at $68,000 after acquiring an additional 106 shares during the last quarter. PNC Financial Services Group Inc. lifted its holdings in 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 valued at $85,000 after buying an additional 176 shares in the last quarter. Group One Trading L.P. bought a new position in TriNet Group in the third quarter worth approximately $90,000. Finally, Blue Trust Inc. lifted 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 worth $93,000 after acquiring 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.