TriNet Group (NYSE:TNET) Rating Lowered to Hold at TD Cowen

TD Cowen lowered shares of TriNet Group (NYSE:TNET - Free Report) from a buy rating to a hold rating in a research note published on Tuesday, MarketBeat.com reports. The firm currently has $74.00 price target on the business services provider's stock, down from their prior price target of $104.00.

Several other research analysts have also weighed in on the company. Needham & Company LLC reiterated a "hold" rating on shares of TriNet Group in a research report on Friday, February 14th. JPMorgan Chase & Co. restated an "underweight" rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd.

TriNet Group Trading Down 4.6 %

TriNet Group stock traded down $3.19 during mid-day trading on Tuesday, hitting $66.56. The company's stock had a trading volume of 547,243 shares, compared to its average volume of 350,103. The firm has a market capitalization of $3.30 billion, a PE ratio of 19.46 and a beta of 1.21. TriNet Group has a 1 year low of $66.12 and a 1 year high of $134.67. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The stock's fifty day moving average is $89.55 and its two-hundred day moving average is $92.89.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.02. The company had revenue of $252.00 million during the quarter, compared to analyst estimates of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. On average, analysts anticipate that TriNet Group will post 4.58 EPS for the current year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 annualized dividend and a dividend yield of 1.50%. TriNet Group's dividend payout ratio is currently 29.24%.

Insider Transactions at TriNet Group

In other 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 value of $697,212.88. Following the sale, the chief technology officer now directly owns 21,769 shares in the company, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 37.10% of the company's stock.

Institutional Trading of TriNet Group

Several hedge funds have recently modified their holdings of TNET. TD Private Client Wealth LLC raised its stake in shares of TriNet Group by 25.5% in the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider's stock valued at $58,000 after acquiring an additional 121 shares in the last quarter. LRI Investments LLC raised its stake in shares of TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after acquiring an additional 573 shares in the last quarter. IFP Advisors Inc raised its stake in shares of TriNet Group by 45.5% in the fourth quarter. IFP Advisors Inc now owns 767 shares of the business services provider's stock valued at $71,000 after acquiring an additional 240 shares in the last quarter. KBC Group NV raised its stake in shares of TriNet Group by 26.5% in the third quarter. KBC Group NV now owns 950 shares of the business services provider's stock valued at $92,000 after acquiring an additional 199 shares in the last quarter. Finally, Avion Wealth raised its stake in TriNet Group by 14.9% in the fourth quarter. Avion Wealth now owns 1,081 shares of the business services provider's stock valued at $98,000 after buying an additional 140 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

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.