TriNet Group, Inc. (NYSE:TNET – Get Free Report) Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of $86.23, for a total transaction of $32,336.25. Following the transaction, the director now owns 37,591 shares of the company’s stock, valued at approximately $3,241,471.93. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
TriNet Group Price Performance
TNET stock traded down $0.86 during mid-day trading on Friday, reaching $84.03. The company’s stock had a trading volume of 402,402 shares, compared to its average volume of 293,519. The company has a current ratio of 1.07, a quick ratio of 1.04 and a debt-to-equity ratio of 7.70. The company’s 50 day moving average is $95.83 and its two-hundred day moving average is $101.66. TriNet Group, Inc. has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The stock has a market cap of $4.17 billion, a PE ratio of 16.31 and a beta of 1.17.
TriNet Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st were issued a $0.25 dividend. The ex-dividend date of this dividend was Tuesday, October 1st. This represents a $1.00 annualized dividend and a yield of 1.19%. TriNet Group’s payout ratio is 19.27%.
Institutional Trading of TriNet Group
Analyst Upgrades and Downgrades
TNET has been the subject of several research reports. Needham & Company LLC downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research note on Monday. TD Cowen lowered their price target on TriNet Group from $110.00 to $92.00 and set a “buy” rating for the company in a research report on Monday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a report on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $113.20.
Read Our Latest Stock Analysis on TriNet Group
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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