TriNet Group, Inc. (NYSE:TNET) Given Consensus Rating of “Hold” by Analysts

Shares of TriNet Group, Inc. (NYSE:TNET) have been given an average rating of “Hold” by the seven ratings firms that are presently covering the firm, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $119.17.

TNET has been the subject of several research analyst reports. Needham & Company LLC reaffirmed a “buy” rating and set a $150.00 target price on shares of TriNet Group in a research note on Friday, March 1st. Stifel Nicolaus lifted their target price on TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, February 16th. StockNews.com upgraded TriNet Group from a “hold” rating to a “buy” rating in a research report on Monday, February 5th. Finally, TD Cowen raised their price target on TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, March 4th.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of the business’s stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the sale, the executive vice president now owns 48,562 shares in the company, valued at approximately $6,064,422.56. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Alexander G. Warren sold 2,385 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the completion of the sale, the senior vice president now directly owns 18,365 shares of the company’s stock, valued at approximately $2,260,180.55. The disclosure for this sale can be found here. In the last quarter, insiders have sold 31,052 shares of company stock valued at $3,837,142. Company insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in TriNet Group by 18.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,462 shares of the business services provider’s stock worth $3,109,000 after purchasing an additional 3,646 shares during the period. Oliver Luxxe Assets LLC boosted its stake in shares of TriNet Group by 1.4% in the first quarter. Oliver Luxxe Assets LLC now owns 5,860 shares of the business services provider’s stock worth $776,000 after buying an additional 83 shares during the last quarter. Ausbil Investment Management Ltd grew its holdings in TriNet Group by 11.3% during the first quarter. Ausbil Investment Management Ltd now owns 5,946 shares of the business services provider’s stock worth $787,000 after acquiring an additional 602 shares during the period. Kapitalo Investimentos Ltda purchased a new position in TriNet Group during the fourth quarter valued at approximately $338,000. Finally, B. Riley Wealth Advisors Inc. acquired a new position in TriNet Group in the fourth quarter valued at approximately $309,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Price Performance

NYSE TNET opened at $126.78 on Friday. The company has a debt-to-equity ratio of 12.62, a quick ratio of 1.05 and a current ratio of 1.05. The business’s fifty day moving average is $128.43 and its 200 day moving average is $119.48. The company has a market capitalization of $6.41 billion, a PE ratio of 19.53 and a beta of 1.09. TriNet Group has a fifty-two week low of $79.00 and a fifty-two week high of $134.67.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. The business had revenue of $326.00 million during the quarter, compared to analyst estimates of $300.36 million. TriNet Group had a net margin of 7.62% and a return on equity of 87.97%. Sell-side analysts predict that TriNet Group will post 5.79 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.00 annualized dividend and a yield of 0.79%. TriNet Group’s payout ratio is currently 15.41%.

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.