TriNet Group, Inc. (NYSE:TNET) Receives Average Rating of “Moderate Buy” from Brokerages

TriNet Group, Inc. (NYSE:TNET) has been assigned a consensus rating of “Moderate Buy” from the six ratings firms that are presently covering the company, Marketbeat reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average twelve-month target price among brokerages that have updated their coverage on the stock in the last year is $119.20.

TNET has been the topic of several analyst reports. Needham & Company LLC restated a “buy” rating and issued a $140.00 price objective on shares of TriNet Group in a report on Monday, July 29th. TD Cowen cut their price target on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Finally, StockNews.com cut TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday, April 29th.

TriNet Group Stock Performance

TriNet Group stock opened at $93.53 on Friday. TriNet Group has a 1 year low of $91.92 and a 1 year high of $134.67. The company’s 50-day moving average is $102.70 and its two-hundred day moving average is $113.35. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84. The company has a market cap of $4.73 billion, a PE ratio of 15.33 and a beta of 1.19.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date was Monday, July 1st. TriNet Group’s payout ratio is presently 16.39%.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the sale, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the sale, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Alexander G. Warren sold 1,867 shares of the business’s 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 directly owns 32,661 shares in the company, valued at $3,388,252.14. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC boosted its position in 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 worth $152,354,000 after acquiring an additional 464,289 shares during the last quarter. Price T Rowe Associates Inc. MD grew its position in TriNet Group by 960.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock valued at $31,269,000 after purchasing an additional 213,752 shares in the last quarter. Norges Bank acquired a new stake in TriNet Group in the 4th quarter valued at $19,650,000. Earnest Partners LLC lifted its position in TriNet Group by 19.8% during the 1st quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider’s stock worth $119,020,000 after buying an additional 148,779 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of TriNet Group by 9.3% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock worth $121,721,000 after buying an additional 103,809 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

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.