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

TriNet Group, Inc. (NYSE:TNET) has been assigned an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $118.40.

TNET has been the topic of several research reports. Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of TriNet Group in a research note on Wednesday, September 11th. JPMorgan Chase & Co. reduced their target price on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th. Finally, TD Cowen dropped their price target on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, June 24th.

TriNet Group Trading Up 0.6 %

Shares of NYSE TNET opened at $96.93 on Friday. TriNet Group has a 1-year low of $91.59 and a 1-year high of $134.67. The company has a 50-day moving average of $97.23 and a two-hundred day moving average of $104.60. The company has a market cap of $4.81 billion, a PE ratio of 16.37 and a beta of 1.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, topping 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 firm had revenue of $310.00 million during the quarter, compared to analysts’ expectations of $301.76 million. As a group, equities analysts expect that TriNet Group will post 5.13 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 1st will be given a $0.25 dividend. The ex-dividend date of this dividend is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.03%. TriNet Group’s dividend payout ratio is 16.89%.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total value of $39,937.50. Following the completion of the transaction, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group 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 $4,043,379. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

A number of large investors have recently added to or reduced their stakes in TNET. Oliver Luxxe Assets LLC boosted its position in shares of TriNet Group by 1.4% during the first quarter. Oliver Luxxe Assets LLC now owns 5,860 shares of the business services provider’s stock worth $776,000 after buying an additional 83 shares during the period. Jennison Associates LLC boosted its position in TriNet Group by 1.8% during the 1st quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock worth $750,000 after acquiring an additional 99 shares during the last quarter. 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 worth $52,000 after acquiring an additional 104 shares during the last quarter. Avion Wealth grew its stake in shares of TriNet Group by 19.2% during the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after acquiring an additional 129 shares in the last quarter. Finally, SummerHaven Investment Management LLC raised its holdings in shares of TriNet Group by 1.8% in the second quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock valued at $822,000 after purchasing an additional 142 shares during the last quarter. 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.