TriNet Group (NYSE:TNET) PT Lowered to $118.00

TriNet Group (NYSE:TNET) had its price objective cut by equities researchers at TD Cowen from $132.00 to $118.00 in a research note issued to investors on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the business services provider’s stock. TD Cowen’s target price would suggest a potential upside of 15.53% from the stock’s previous close.

Other analysts have also recently issued reports about the stock. Needham & Company LLC reduced their target price on shares of TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, April 26th. StockNews.com cut shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $113.83.

TriNet Group Trading Down 1.3 %

Shares of NYSE:TNET opened at $102.14 on Monday. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 16.74 and a beta of 1.20. TriNet Group has a 1-year low of $90.55 and a 1-year high of $134.67. The company has a debt-to-equity ratio of 6.88, a quick ratio of 1.06 and a current ratio of 1.06. The company has a 50 day moving average price of $107.34 and a 200 day moving average price of $117.04.

TriNet Group (NYSE:TNET) last issued its earnings results on Friday, April 26th. The business services provider reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.36). The business had revenue of $357.00 million for the quarter, compared to the consensus estimate of $380.41 million. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. On average, research analysts anticipate that TriNet Group will post 4.82 EPS for the current fiscal year.

Insider Buying and Selling

In other TriNet Group news, SVP Alexander G. Warren sold 1,867 shares of TriNet Group stock in a transaction on Monday, May 20th. The shares were sold at an average price of $103.74, for a total transaction of $193,682.58. Following the completion of the sale, the senior vice president now owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In other TriNet Group news, SVP Alexander G. Warren sold 1,867 shares of TriNet Group stock in a transaction on Monday, May 20th. The shares were sold at an average price of $103.74, for a total transaction of $193,682.58. Following the completion of the sale, the senior vice president now owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total transaction of $37,882.50. Following the sale, the director now directly owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

Institutional investors have recently modified their holdings of the stock. Boston Partners raised its holdings in shares of TriNet Group by 20.8% during the 1st quarter. Boston Partners now owns 108,157 shares of the business services provider’s stock valued at $14,319,000 after purchasing an additional 18,586 shares in the last quarter. LRI Investments LLC bought a new position in shares of TriNet Group during the 1st quarter valued at $81,000. Jane Street Group LLC raised its holdings in shares of TriNet Group by 67.7% during the 1st quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock valued at $152,354,000 after purchasing an additional 464,289 shares in the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of TriNet Group by 2.2% during the 1st quarter. Jacobs Levy Equity Management Inc. now owns 375,593 shares of the business services provider’s stock valued at $49,762,000 after purchasing an additional 8,204 shares in the last quarter. Finally, Earnest Partners LLC raised its holdings in shares of TriNet Group by 19.8% during the 1st quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider’s stock valued at $119,020,000 after purchasing an additional 148,779 shares in the last quarter. Institutional investors and hedge funds 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.