TriNet Group, Inc. (NYSE:TNET - Get Free Report) Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total transaction of $37,882.50. Following the completion of the sale, the director now owns 36,341 shares of the company's stock, valued at $3,671,167.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.
TriNet Group Trading Down 0.8 %
Shares of NYSE:TNET opened at $101.16 on Friday. The company has a debt-to-equity ratio of 6.88, a quick ratio of 1.05 and a current ratio of 1.06. The stock's 50-day moving average is $125.63 and its 200-day moving average is $118.76. The company has a market cap of $5.11 billion, a P/E ratio of 16.58 and a beta of 1.16. TriNet Group, Inc. has a 52-week low of $87.20 and a 52-week high of $134.67.
TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.95 by $0.46. The firm had revenue of $326.00 million for the quarter, compared to analyst estimates of $300.36 million. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. Equities research analysts predict that TriNet Group, Inc. will post 4.78 earnings per share for the current year.
TriNet Group Dividend Announcement
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The business also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Investors of record on Monday, April 1st were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 0.99%. The ex-dividend date of this dividend was Thursday, March 28th. TriNet Group's dividend payout ratio (DPR) is currently 16.39%.
Institutional Trading of TriNet Group
Hedge funds have recently bought and sold shares of the stock. Jennison Associates LLC raised its position in shares of TriNet Group by 1.8% during the first quarter. Jennison Associates LLC now owns 5,663 shares of the business services provider's stock valued at $750,000 after buying an additional 99 shares during the last quarter. BNP Paribas Financial Markets increased its stake in TriNet Group by 23.2% during the first quarter. BNP Paribas Financial Markets now owns 43,952 shares of the business services provider's stock valued at $5,823,000 after acquiring an additional 8,275 shares during the period. Van ECK Associates Corp raised its holdings in TriNet Group by 108.1% in the 1st quarter. Van ECK Associates Corp now owns 49,289 shares of the business services provider's stock valued at $6,531,000 after acquiring an additional 25,606 shares in the last quarter. JLB & Associates Inc. raised its holdings in TriNet Group by 0.6% in the 1st quarter. JLB & Associates Inc. now owns 34,391 shares of the business services provider's stock valued at $4,556,000 after acquiring an additional 216 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of TriNet Group by 18.4% in 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 acquiring an additional 3,646 shares during the period. 96.81% of the stock is owned by institutional investors.
Analyst Upgrades and Downgrades
Several equities research analysts recently issued reports on TNET shares. Stifel Nicolaus lifted their price objective on shares of TriNet Group from $117.00 to $121.00 and gave the company a "buy" rating in a research note on Friday, February 16th. TD Cowen boosted their price target on TriNet Group from $129.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, March 4th. StockNews.com downgraded TriNet Group from a "buy" rating to a "hold" rating in a research note on Monday, April 29th. Finally, Needham & Company LLC cut their price objective on TriNet Group from $150.00 to $140.00 and set a "buy" rating on the stock in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $117.50.
View Our Latest Research Report on TNET
About TriNet Group
(
Get Free Report)
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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