TriNet Group, Inc. (NYSE:TNET) Director Sells $37,882.50 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value 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 document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TriNet Group Stock Down 0.8 %

TNET stock opened at $101.13 on Monday. The company has a market cap of $5.11 billion, a price-to-earnings ratio of 16.58 and a beta of 1.16. The firm has a 50-day moving average of $125.63 and a two-hundred day moving average of $118.76. TriNet Group, Inc. has a 12 month low of $87.20 and a 12 month high of $134.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 6.88.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 EPS for the quarter, beating the consensus estimate of $0.95 by $0.46. The firm had revenue of $326.00 million during the quarter, compared to analysts’ expectations of $300.36 million. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. As a group, analysts forecast that TriNet Group, Inc. will post 4.78 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Shareholders of record on Monday, April 1st were paid 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 was Thursday, March 28th. TriNet Group’s dividend payout ratio (DPR) is presently 16.39%.

Institutional Trading of TriNet Group

Several hedge funds have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA boosted its stake in TriNet Group by 11.1% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 897,009 shares of the business services provider’s stock worth $106,681,000 after buying an additional 89,797 shares during the period. Fuller & Thaler Asset Management Inc. boosted its position in shares of TriNet Group by 2.7% during the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 871,125 shares of the business services provider’s stock worth $101,469,000 after acquiring an additional 23,194 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in TriNet Group by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 812,990 shares of the business services provider’s stock valued at $96,690,000 after purchasing an additional 37,851 shares during the last quarter. Royal London Asset Management Ltd. grew its position in shares of TriNet Group by 2.1% in the 3rd quarter. Royal London Asset Management Ltd. now owns 239,604 shares of the business services provider’s stock valued at $27,920,000 after buying an additional 4,914 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its holdings in shares of TriNet Group by 1.1% during the third quarter. Bank of New York Mellon Corp now owns 181,542 shares of the business services provider’s stock worth $21,146,000 after purchasing an additional 1,907 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

TNET has been the subject of a number of research analyst reports. Stifel Nicolaus raised their price target on shares of TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a report on Friday, February 16th. TD Cowen boosted their price target on TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, March 4th. StockNews.com lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. Finally, Needham & Company LLC dropped their price target on shares of 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 issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $117.50.

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.