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

TriNet Group, Inc. (NYSE:TNET - Get Free Report) has been assigned a consensus rating of "Moderate Buy" from the six ratings firms that are presently covering the stock, 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 1 year price target among analysts that have issued ratings on the stock in the last year is $118.40.

TNET has been the topic of several recent research reports. JPMorgan Chase & Co. reduced their price objective on TriNet Group from $107.00 to $103.00 and set an "underweight" rating on the stock in a research report on Tuesday, August 20th. Needham & Company LLC restated a "buy" rating and set a $140.00 price target on shares of TriNet Group in a research report on Wednesday, September 11th. Finally, TD Cowen reduced their price target on TriNet Group from $132.00 to $118.00 and set a "buy" rating on the stock in a research report on Monday, June 24th.

TriNet Group Price Performance

Shares of TriNet Group stock traded down $3.15 during trading on Friday, hitting $93.78. 399,274 shares of the stock traded hands, compared to its average volume of 273,778. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84. The stock has a market cap of $4.66 billion, a price-to-earnings ratio of 15.84 and a beta of 1.17. The firm's fifty day moving average is $97.23 and its 200-day moving average is $104.33. TriNet Group has a 52 week low of $91.59 and a 52 week high of $134.67.

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. The firm had revenue of $310.00 million for the quarter, compared to analyst estimates of $301.76 million. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. Research analysts expect that TriNet Group will post 5.13 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be given a $0.25 dividend. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.07%. TriNet Group's dividend payout ratio is currently 16.89%.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total value of $39,937.50. Following the sale, the director now directly owns 37,966 shares in the company, valued at approximately $4,043,379. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the firm's 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 owns 82,409 shares in the company, valued at $8,484,830.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 sale, the director now owns 37,966 shares in the company, valued at $4,043,379. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company's stock.

Hedge Funds Weigh In On TriNet Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Jane Street Group LLC increased its stake in shares of TriNet Group by 67.7% in the 1st quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider's stock worth $152,354,000 after acquiring an additional 464,289 shares in the last quarter. Price T Rowe Associates Inc. MD increased its stake in shares of TriNet Group by 960.6% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider's stock worth $31,269,000 after acquiring an additional 213,752 shares in the last quarter. Point72 Asset Management L.P. bought a new position in shares of TriNet Group in the 2nd quarter worth about $20,610,000. Earnest Partners LLC increased its stake in shares of TriNet Group by 19.8% in the 1st quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider's stock worth $119,020,000 after acquiring an additional 148,779 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of TriNet Group by 9.3% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider's stock worth $121,721,000 after acquiring an additional 103,809 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

TriNet Group Company Profile

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.