TriNet Group (TNET) Getting Favorable Media Coverage, Analysis Finds

News headlines about TriNet Group (NYSE:TNET) have been trending positive on Wednesday, Accern Sentiment Analysis reports. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriNet Group earned a daily sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 47.6148339222593 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.

These are some of the news stories that may have impacted Accern’s scoring:

TNET has been the subject of several analyst reports. Zacks Investment Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. Stifel Nicolaus raised their price objective on shares of TriNet Group to $54.00 and gave the stock a “buy” rating in a report on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. TriNet Group has an average rating of “Hold” and an average price target of $41.40.

Shares of TriNet Group (TNET) remained flat at $$46.75 on Wednesday. 480,956 shares of the company were exchanged, compared to its average volume of 382,197. The firm has a market capitalization of $3,296.10, a PE ratio of 18.78 and a beta of 2.54. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.13 and a quick ratio of 1.13. TriNet Group has a 52 week low of $27.27 and a 52 week high of $49.00.

TriNet Group declared that its board has approved a stock repurchase program on Tuesday, February 27th that allows the company to buyback $120.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase shares of its stock through open market purchases. Shares buyback programs are usually a sign that the company’s board believes its stock is undervalued.

In related news, CEO Burton M. Goldfield sold 17,809 shares of the company’s stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $43.52, for a total value of $775,047.68. Following the transaction, the chief executive officer now owns 32,234 shares in the company, valued at approximately $1,402,823.68. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, VP Edward Griese sold 4,471 shares of the company’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $40.86, for a total transaction of $182,685.06. Following the completion of the transaction, the vice president now owns 9,532 shares in the company, valued at approximately $389,477.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 234,273 shares of company stock worth $10,327,173. 41.80% of the stock is owned by insiders.

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TriNet Group Company Profile

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.

Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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