TriNet Group, Inc. (NYSE:TNET) Declares $0.25 Quarterly Dividend

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Wednesday, September 18th, NASDAQ reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.25 per share by the business services provider on Monday, October 28th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date is Tuesday, October 1st.

TriNet Group has a payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. 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 0.8 %

TNET traded up $0.76 on Thursday, reaching $98.41. 150,849 shares of the company traded hands, compared to its average volume of 275,376. TriNet Group has a one year low of $91.59 and a one year high of $134.67. The firm has a fifty day simple moving average of $100.28 and a two-hundred day simple moving average of $109.04. The company has a market cap of $4.89 billion, a P/E ratio of 16.01 and a beta of 1.17. 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 posted its earnings results on Friday, July 26th. The business services provider reported $1.27 EPS for the quarter, beating analysts’ consensus estimates of $0.98 by $0.29. The business had revenue of $310.00 million for the quarter, compared to the consensus estimate of $301.76 million. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. As a group, equities research analysts expect that TriNet Group will post 5.13 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on TNET shares. Needham & Company LLC reaffirmed a “buy” rating and issued a $140.00 price objective on shares of TriNet Group in a research report on Wednesday, September 11th. TD Cowen cut their price objective on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. Finally, JPMorgan Chase & Co. cut their price objective on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $118.40.

Insider Activity at TriNet Group

In related news, Director Paul Edward Chamberlain sold 375 shares of the business’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 completion of the transaction, the director now directly owns 37,966 shares in the company, valued at approximately $4,043,379. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the sale, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the business’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 completion of the sale, the director now directly owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.

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.