Analysts Set TriNet Group, Inc. (NYSE:TNET) Target Price at $119.17

TriNet Group, Inc. (NYSE:TNET) has been given an average recommendation of “Hold” by the seven research firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have covered the stock in the last year is $117.50.

A number of equities research analysts have issued reports on the company. Stifel Nicolaus upped their price objective on TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, February 16th. Needham & Company LLC lowered their price target on TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a research report on Friday, April 26th. StockNews.com lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday. Finally, TD Cowen raised their target price on shares of TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, March 4th.

Insider Transactions at TriNet Group

In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of the firm’s stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the sale, the executive vice president now directly owns 48,562 shares of the company’s stock, valued at approximately $6,064,422.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at $6,064,422.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Wayne B. Lowell sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total value of $1,222,200.00. Following the sale, the director now directly owns 84,766 shares of the company’s stock, valued at $10,360,100.52. The disclosure for this sale can be found here. Insiders sold 31,052 shares of company stock valued at $3,837,142 over the last 90 days. 37.10% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TriNet Group

Several large investors have recently added to or reduced their stakes in the business. Van ECK Associates Corp grew its position in shares of TriNet Group by 108.1% during the first quarter. Van ECK Associates Corp now owns 49,289 shares of the business services provider’s stock worth $6,531,000 after buying an additional 25,606 shares in the last quarter. JLB & Associates Inc. raised its holdings in shares of 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 purchasing an additional 216 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of TriNet Group by 18.4% during 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 purchasing an additional 3,646 shares during the last quarter. Oliver Luxxe Assets LLC grew its stake in shares of TriNet Group by 1.4% during the first quarter. Oliver Luxxe Assets LLC now owns 5,860 shares of the business services provider’s stock worth $776,000 after purchasing an additional 83 shares in the last quarter. Finally, Ausbil Investment Management Ltd increased its holdings in TriNet Group by 11.3% in the first quarter. Ausbil Investment Management Ltd now owns 5,946 shares of the business services provider’s stock valued at $787,000 after buying an additional 602 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Trading Down 2.8 %

Shares of TNET stock opened at $100.37 on Friday. The company has a debt-to-equity ratio of 12.62, a current ratio of 1.05 and a quick ratio of 1.05. The company has a market cap of $5.08 billion, a price-to-earnings ratio of 16.45 and a beta of 1.09. TriNet Group has a 1 year low of $87.20 and a 1 year high of $134.67. The firm has a fifty day moving average price of $127.06 and a 200-day moving average price of $119.14.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a net margin of 6.78% and a return on equity of 106.58%. The business had revenue of $326.00 million during the quarter, compared to analyst estimates of $300.36 million. As a group, equities analysts predict that TriNet Group will post 5.79 earnings per share for the current year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were paid a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.00%. The ex-dividend date was Thursday, March 28th. TriNet Group’s dividend payout ratio is presently 16.39%.

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.