TriNet Group (NYSE:TNET) Sets New 1-Year Low – Here’s Why

TriNet Group, Inc. (NYSE:TNET) shares hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $73.61 and last traded at $74.06, with a volume of 68724 shares trading hands. The stock had previously closed at $77.59.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and decreased their price objective for the company from $104.00 to $74.00 in a report on Tuesday. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a report on Friday. Finally, JPMorgan Chase & Co. restated an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a report on Tuesday, October 22nd.

TriNet Group Price Performance

The firm has a market capitalization of $3.59 billion, a P/E ratio of 13.93 and a beta of 1.21. The company has a debt-to-equity ratio of 7.70, a current ratio of 1.07 and a quick ratio of 1.07. The stock’s fifty day simple moving average is $90.94 and its 200 day simple moving average is $93.39.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. TriNet Group had a net margin of 5.29% and a return on equity of 248.94%. The business had revenue of $252.00 million during the quarter, compared to the consensus estimate of $225.72 million. On average, equities research analysts predict that TriNet Group, Inc. will post 4.14 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were issued a dividend of $0.25 per share. The ex-dividend date was Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.38%. TriNet Group’s dividend payout ratio (DPR) is currently 19.27%.

Insider Activity

In related news, CTO Jeffery Jon Hayward sold 2,345 shares of the company’s stock in a transaction that occurred on Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the sale, the chief technology officer now owns 34,606 shares in the company, valued at $3,219,396.18. This represents a 6.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 11,942 shares of company stock worth $1,083,506 over the last 90 days. 37.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TriNet Group

A number of large investors have recently bought and sold shares of the company. TD Private Client Wealth LLC boosted its position in TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after buying an additional 121 shares during the last quarter. Avion Wealth boosted its position in TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after buying an additional 140 shares during the last quarter. Summit Investment Advisors Inc. boosted its position in TriNet Group by 4.7% in the fourth quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider’s stock valued at $304,000 after buying an additional 149 shares during the last quarter. Franklin Resources Inc. boosted its position in TriNet Group by 3.4% in the third quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider’s stock valued at $499,000 after buying an additional 169 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its position in TriNet Group by 2.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider’s stock worth $702,000 after purchasing an additional 196 shares in the last quarter. Hedge funds and other institutional investors 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.