TriNet Group (NYSE:TNET) Reaches New 1-Year Low – Time to Sell?

by · The Cerbat Gem

TriNet Group, Inc. (NYSE:TNET – Get Free Report)’s stock price hit a new 52-week low during mid-day trading on Monday . The company 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.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on TriNet Group

TriNet Group Trading Down 2.7 %

The firm has a market capitalization of $4.53 billion, a price-to-earnings ratio of 15.99 and a beta of 1.17. 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’s 50-day simple moving average is $97.23 and its 200 day simple moving average is $103.93.

TriNet Group (NYSE:TNET – Get Free Report) last announced its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 EPS for the quarter, beating the consensus estimate of $0.98 by $0.29. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. The business had revenue of $310.00 million during the quarter, compared to the consensus estimate of $301.76 million. Equities analysts expect that TriNet Group, Inc. will post 5.13 earnings per share for the current year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 annualized dividend and a dividend yield of 1.10%. TriNet Group’s dividend payout ratio (DPR) is presently 16.89%.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction 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. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 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 sale, the director now owns 37,966 shares of the company’s stock, valued at $4,043,379. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction on 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 sale, the chief financial officer now directly owns 82,409 shares in the company, valued at approximately $8,484,830.64. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.

Institutional Trading of TriNet Group

Several institutional investors have recently modified their holdings of the business. Rothschild Investment LLC acquired a new position in shares of TriNet Group during the second quarter valued at about $45,000. Blue Trust Inc. raised its holdings in shares of TriNet Group by 24.9% during the second 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 period. LRI Investments LLC acquired a new position in shares of TriNet Group during the first quarter valued at about $81,000. Avion Wealth raised its holdings in shares of TriNet Group by 19.2% during the second 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 period. Finally, Headlands Technologies LLC acquired a new position in shares of TriNet Group during the second quarter valued at about $93,000. Institutional investors own 96.81% of the company’s stock.

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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