TriNet Group (NYSE:TNET) Hits New 52-Week Low - What's Next?

TriNet Group, Inc. (NYSE:TNET - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $65.43 and last traded at $67.06, with a volume of 101326 shares trading hands. The stock had previously closed at $66.51.

Analyst Upgrades and Downgrades

TNET has been the topic of a number of analyst reports. Needham & Company LLC reaffirmed a "hold" rating on shares of TriNet Group in a research note on Friday, February 14th. TD Cowen cut TriNet Group from a "buy" rating to a "hold" rating and cut their target price for the company from $104.00 to $74.00 in a research note on Tuesday, February 18th.

TriNet Group Stock Performance

The stock has a market cap of $3.62 billion, a P/E ratio of 21.35 and a beta of 1.21. The business has a 50 day moving average price of $87.79 and a 200 day moving average price of $92.19. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 13.16.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $252.00 million for the quarter, compared to analysts' expectations of $225.72 million. As a group, sell-side analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

Remove Ads

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were paid a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 annualized dividend and a yield of 1.37%. TriNet Group's dividend payout ratio (DPR) is currently 29.24%.

Insider Buying and Selling

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total transaction of $697,212.88. Following the sale, the chief technology officer now owns 21,769 shares of the company's stock, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction on Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the sale, the director now directly owns 36,991 shares in the company, valued at $2,565,695.76. This trade represents a 1.60 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 12,093 shares of company stock valued at $1,051,591 over the last quarter. 37.10% of the stock is owned by corporate insiders.

Institutional Trading of TriNet Group

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. TD Private Client Wealth LLC lifted its holdings in shares of TriNet Group by 25.5% during the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock valued at $58,000 after purchasing an additional 121 shares during the last quarter. LRI Investments LLC lifted its holdings in shares of TriNet Group by 643.8% during the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after purchasing an additional 573 shares during the last quarter. IFP Advisors Inc lifted its holdings in shares of TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after purchasing an additional 240 shares during the last quarter. KBC Group NV lifted its holdings in shares of TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider's stock valued at $92,000 after purchasing an additional 199 shares during the last quarter. Finally, Avion Wealth lifted its holdings in shares of TriNet Group by 14.9% during the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after purchasing an additional 140 shares during the last quarter. 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.