TriNet Group, Inc. to Issue Quarterly Dividend of $0.25 (NYSE:TNET)

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Wednesday, September 18th, NASDAQ reports. Shareholders of record on Tuesday, October 1st will be given a dividend of 0.25 per share by the business services provider on Monday, October 28th. This represents a $1.00 annualized dividend and a yield of 1.04%. The ex-dividend date of this dividend is Tuesday, October 1st.

TriNet Group has a payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect TriNet Group to earn $5.67 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 17.6%.

TriNet Group Trading Up 0.6 %

Shares of TNET stock opened at $96.21 on Monday. TriNet Group has a fifty-two week low of $91.59 and a fifty-two week high of $134.67. The firm has a market capitalization of $4.78 billion, a P/E ratio of 15.77 and a beta of 1.17. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.04 and a current ratio of 1.04. The stock’s fifty day moving average is $98.88 and its two-hundred day moving average is $107.64.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.29. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. The business had revenue of $310.00 million during the quarter, compared to analyst estimates of $301.76 million. Research analysts expect that TriNet Group will post 5.13 earnings per share for the current fiscal year.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the transaction, the director now directly owns 37,966 shares in the company, valued at $4,043,379. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, July 31st. The shares were 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction that occurred on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently weighed in on TNET shares. Needham & Company LLC reissued a “buy” rating and set a $140.00 price target on shares of TriNet Group in a research report on Wednesday, September 11th. JPMorgan Chase & Co. decreased their target price on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. Finally, TD Cowen cut their price target on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a report on Monday, June 24th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $118.40.

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.