TriNet Group's (TNET) Underweight Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of TriNet Group (NYSE:TNET - Free Report) in a report published on Tuesday morning, MarketBeat Ratings reports. They currently have a $103.00 price objective on the business services provider's stock.

Other equities research analysts also recently issued research reports about the company. TD Cowen lowered their price target on TriNet Group from $132.00 to $118.00 and set a "buy" rating for the company in a report on Monday, June 24th. Needham & Company LLC reiterated a "buy" rating and issued a $140.00 target price on shares of TriNet Group in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $118.40.

TriNet Group Stock Up 0.9 %

Shares of NYSE:TNET traded up $0.78 on Tuesday, reaching $92.04. The company had a trading volume of 311,325 shares, compared to its average volume of 274,107. The firm has a market capitalization of $4.57 billion, a PE ratio of 15.55 and a beta of 1.17. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 9.84. TriNet Group has a 52-week low of $89.93 and a 52-week high of $134.67. The firm's 50 day simple moving average is $97.18 and its 200-day simple moving average is $103.41.

TriNet Group (NYSE:TNET - Get Free Report) last posted its earnings results on Friday, July 26th. The business services provider reported $1.27 EPS for the quarter, beating analysts' consensus estimates of $0.98 by $0.29. The company had revenue of $310.00 million during the quarter, compared to analysts' expectations of $301.76 million. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. As a group, analysts expect that TriNet Group will post 5.13 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Shareholders of record on Tuesday, October 1st will be given a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.09%. The ex-dividend date of this dividend is Tuesday, October 1st. TriNet Group's dividend payout ratio is currently 16.89%.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the firm's stock in a transaction that occurred 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 sale, the director now owns 37,966 shares of the company's stock, valued at $4,043,379. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In other TriNet Group 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of TriNet Group stock in a transaction dated Thursday, August 29th. The shares were 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 owns 82,409 shares in the company, valued at approximately $8,484,830.64. This trade 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.

Hedge Funds Weigh In On TriNet Group

A number of hedge funds have recently made changes to their positions in the company. Hunter Perkins Capital Management LLC purchased a new stake in shares of TriNet Group during the third quarter worth approximately $285,000. Creative Planning grew its holdings in shares of TriNet Group by 25.3% during the third quarter. Creative Planning now owns 4,456 shares of the business services provider's stock worth $432,000 after buying an additional 899 shares in the last quarter. Reinhart Partners LLC. raised its position in shares of TriNet Group by 10.4% in the third quarter. Reinhart Partners LLC. now owns 232,955 shares of the business services provider's stock valued at $22,590,000 after buying an additional 21,962 shares during the last quarter. Tilia Fiduciary Partners Inc. lifted its stake in shares of TriNet Group by 8.6% in the third quarter. Tilia Fiduciary Partners Inc. now owns 20,220 shares of the business services provider's stock worth $1,961,000 after buying an additional 1,595 shares in the last quarter. Finally, SG Americas Securities LLC purchased a new position in shares of TriNet Group in the third quarter worth about $412,000. Institutional investors and hedge funds 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.