TriNet Group, Inc. (NYSE:TNET – Get Free Report)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $91.17 and last traded at $91.18, with a volume of 112015 shares traded. The stock had previously closed at $93.79.
Analyst Ratings Changes
Several equities research analysts have recently issued reports on the stock. Needham & Company LLC reissued a “buy” rating and issued a $140.00 price objective on shares of TriNet Group in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a research report on Tuesday. One analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $118.40.
View Our Latest Analysis on TriNet Group
TriNet Group Stock Performance
TriNet Group (NYSE:TNET – Get Free Report) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, topping the consensus estimate of $0.98 by $0.29. The company had revenue of $310.00 million during 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%. Analysts forecast that TriNet Group, Inc. will post 5.13 earnings per share for the current year.
TriNet Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.07%. The ex-dividend date of this dividend is Tuesday, October 1st. TriNet Group’s dividend payout ratio is currently 16.89%.
Insiders Place Their Bets
In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the firm’s stock in a transaction 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 directly owns 82,409 shares of the company’s stock, valued at $8,484,830.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $4,043,379. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was 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 in the company, valued at approximately $8,484,830.64. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is owned by company insiders.
Institutional Inflows and Outflows
Large investors have recently modified their holdings of the business. Rothschild Investment LLC bought a new position in shares of TriNet Group in the 2nd quarter worth about $45,000. Blue Trust Inc. lifted its position in TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock valued at $52,000 after purchasing an additional 104 shares during the last quarter. LRI Investments LLC bought a new stake in TriNet Group in the 1st quarter valued at about $81,000. Avion Wealth lifted its position in TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 129 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in TriNet Group in the 2nd quarter valued at about $93,000. 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.
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