TriNet Group’s (TNET) Underweight Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. reaffirmed their underweight rating on shares of TriNet Group (NYSE:TNET) in a report issued on Tuesday morning, Marketbeat reports. The firm currently has a $103.00 price target on the business services provider’s stock.

TNET has been the subject of a number of other research reports. Needham & Company LLC reiterated a “buy” rating and set a $140.00 target price on shares of TriNet Group in a report on Wednesday, September 11th. TD Cowen dropped their target price on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. One analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $118.40.

TriNet Group Trading Down 1.8 %

NYSE:TNET opened at $91.64 on Tuesday. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.04. The business’s 50-day simple moving average is $97.10 and its 200-day simple moving average is $103.26. TriNet Group has a fifty-two week low of $89.93 and a fifty-two week high of $134.67. The stock has a market capitalization of $4.55 billion, a PE ratio of 15.48 and a beta of 1.17.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) 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 company had revenue of $310.00 million during the quarter, compared to the consensus estimate of $301.76 million. Sell-side analysts expect that TriNet Group will post 5.13 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be paid a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. The ex-dividend date is Tuesday, October 1st. TriNet Group’s dividend payout ratio is currently 16.89%.

Insider Activity

In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the transaction, the director now directly owns 37,966 shares in the company, valued at approximately $4,043,379. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were 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 $8,484,830.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its stake in shares of TriNet Group by 23.2% during the first quarter. BNP Paribas Financial Markets now owns 43,952 shares of the business services provider’s stock worth $5,823,000 after purchasing an additional 8,275 shares during the period. Wedge Capital Management L L P NC lifted its holdings in shares of TriNet Group by 14.5% during the second quarter. Wedge Capital Management L L P NC now owns 163,600 shares of the business services provider’s stock worth $16,360,000 after buying an additional 20,680 shares in the last quarter. Boston Partners boosted its position in shares of TriNet Group by 20.8% in the first quarter. Boston Partners now owns 108,157 shares of the business services provider’s stock valued at $14,319,000 after acquiring an additional 18,586 shares during the period. Harbor Capital Advisors Inc. grew its stake in shares of TriNet Group by 276.7% in the second quarter. Harbor Capital Advisors Inc. now owns 9,439 shares of the business services provider’s stock valued at $944,000 after acquiring an additional 6,933 shares in the last quarter. Finally, Van ECK Associates Corp increased its position in TriNet Group by 108.1% during the first quarter. Van ECK Associates Corp now owns 49,289 shares of the business services provider’s stock worth $6,531,000 after acquiring an additional 25,606 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

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.