TriNet Group, Inc. (NYSE:TNET – Get Free Report) has earned a consensus recommendation of “Moderate Buy” from the six brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $118.40.
A number of equities analysts have commented on TNET shares. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price on shares of TriNet Group in a report on Monday, July 29th. 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, TD Cowen dropped their target price on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a report on Monday, June 24th.
Read Our Latest Analysis on TriNet Group
Insider Activity
Hedge Funds Weigh In On TriNet Group
Several large investors have recently made changes to their positions in TNET. Aristides Capital LLC purchased a new stake in TriNet Group in the second quarter valued at approximately $258,000. Point72 Asset Management L.P. acquired a new stake in shares of TriNet Group in the second quarter valued at $20,610,000. Creative Planning raised its holdings in shares of TriNet Group by 62.1% in the 2nd quarter. Creative Planning now owns 3,557 shares of the business services provider’s stock valued at $356,000 after buying an additional 1,362 shares during the period. Susquehanna Fundamental Investments LLC acquired a new position in TriNet Group during the 2nd quarter worth about $4,348,000. Finally, Select Equity Group L.P. acquired a new position in TriNet Group during the 2nd quarter worth about $6,652,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.
TriNet Group Price Performance
TriNet Group stock opened at $99.83 on Thursday. The stock has a market capitalization of $4.96 billion, a P/E ratio of 16.37 and a beta of 1.17. The company’s fifty day moving average price is $100.87 and its 200 day moving average price is $111.30. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.04 and a current ratio of 1.04. TriNet Group has a 1 year low of $91.59 and a 1 year high of $134.67.
TriNet Group (NYSE:TNET – Get Free Report) last announced its earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.98 by $0.29. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. The business had revenue of $310.00 million for the quarter, compared to analyst estimates of $301.76 million. As a group, equities research analysts anticipate that TriNet Group will post 5.13 earnings per share for the current fiscal year.
TriNet Group Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date of this dividend was Monday, July 1st. TriNet Group’s dividend payout ratio (DPR) is presently 16.39%.
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.
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