Brokerages Set TriNet Group, Inc. (NYSE:TNET) Target Price at $118.40

Shares of TriNet Group, Inc. (NYSE:TNET) have received a consensus recommendation of “Moderate Buy” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $118.40.

TNET has been the topic of a number of recent analyst reports. 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 report on Monday, June 24th. JPMorgan Chase & Co. decreased their price target on TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a research note on Tuesday, August 20th. Finally, Needham & Company LLC reiterated a “buy” rating and issued a $140.00 price target on shares of TriNet Group in a research note on Wednesday, September 11th.

TriNet Group Stock Performance

Shares of TNET stock opened at $93.79 on Friday. TriNet Group has a 12 month low of $91.59 and a 12 month high of $134.67. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.04. The firm has a market capitalization of $4.66 billion, a P/E ratio of 15.84 and a beta of 1.17. The company’s fifty day moving average price is $97.23 and its two-hundred day moving average price is $103.93.

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

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Investors of record on Tuesday, October 1st will be paid a $0.25 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a yield of 1.07%. TriNet Group’s dividend payout ratio (DPR) is 16.89%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the completion of the transaction, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred 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 owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. 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 currently owned by insiders.

Institutional Investors Weigh In On TriNet Group

A number of hedge funds have recently made changes to their positions in the business. Vanguard Group Inc. raised its holdings in shares of TriNet Group by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock valued at $376,053,000 after buying an additional 52,240 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of TriNet Group by 9.3% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock valued at $121,721,000 after buying an additional 103,809 shares during the last quarter. Jane Street Group LLC raised its holdings in shares of TriNet Group by 67.7% during the first quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock valued at $152,354,000 after buying an additional 464,289 shares during the last quarter. Earnest Partners LLC raised its holdings in shares of TriNet Group by 1.9% during the second quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider’s stock valued at $91,504,000 after buying an additional 16,708 shares during the last quarter. Finally, Dimensional Fund Advisors LP raised its holdings in shares of TriNet Group by 1.2% during the second quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider’s stock valued at $82,304,000 after buying an additional 9,386 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

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.