TriNet Group, Inc. (NYSE:TNET) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have earned a consensus rating of “Moderate Buy” from the six brokerages that are presently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have given a buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $118.40.

Several research analysts recently issued reports on the stock. TD Cowen cut their target price on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research note on Monday, June 24th. Needham & Company LLC reissued a “buy” rating and set a $140.00 target price on shares of TriNet Group in a research note on Monday, July 29th. Finally, JPMorgan Chase & Co. cut their target price on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total value of $39,937.50. Following the transaction, the director now directly owns 37,966 shares of the company’s stock, valued at $4,043,379. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the company. Oliver Luxxe Assets LLC lifted its position in shares of TriNet Group by 1.4% during the first quarter. Oliver Luxxe Assets LLC now owns 5,860 shares of the business services provider’s stock valued at $776,000 after purchasing an additional 83 shares in the last quarter. Jennison Associates LLC increased its holdings in TriNet Group by 1.8% during the first quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider’s stock worth $750,000 after buying an additional 99 shares during the last quarter. Blue Trust Inc. increased its holdings in TriNet Group by 24.9% during the second quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after buying an additional 104 shares during the last quarter. Avion Wealth increased its holdings in TriNet Group by 19.2% during the second quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after buying an additional 129 shares during the last quarter. Finally, SummerHaven Investment Management LLC increased its holdings in TriNet Group by 1.8% during the second quarter. SummerHaven Investment Management LLC now owns 8,222 shares of the business services provider’s stock worth $822,000 after buying an additional 142 shares during the last quarter. 96.81% of the stock is owned by institutional investors.

TriNet Group Trading Down 0.1 %

TNET opened at $102.83 on Thursday. The stock has a market cap of $5.11 billion, a PE ratio of 16.86 and a beta of 1.17. TriNet Group has a twelve month low of $91.59 and a twelve month high of $134.67. The company has a fifty day moving average of $100.94 and a 200-day moving average of $111.60. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84.

TriNet Group (NYSE:TNET) last issued its earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.98 by $0.29. The business had revenue of $310.00 million for the quarter, compared to analyst estimates of $301.76 million. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. On average, sell-side analysts predict that TriNet Group will post 5.13 EPS for the current year.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 22nd. Shareholders of record on Monday, July 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date was Monday, July 1st. TriNet Group’s dividend payout ratio (DPR) is 16.39%.

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.