TriNet Group (NYSE:TNET) Sets New 12-Month Low - Time to Sell?

TriNet Group, Inc. (NYSE:TNET - Get Free Report) shares reached a new 52-week low on Tuesday . The company traded as low as $73.61 and last traded at $74.06, with a volume of 68724 shares traded. The stock had previously closed at $77.59.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on TNET. Needham & Company LLC restated a "hold" rating on shares of TriNet Group in a research report on Friday, February 14th. TD Cowen lowered TriNet Group from a "buy" rating to a "hold" rating and cut their price target for the stock from $104.00 to $74.00 in a research note on Tuesday.

TriNet Group Stock Down 4.6 %

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 company has a 50 day simple moving average of $89.55 and a two-hundred day simple moving average of $92.89. The firm has a market capitalization of $3.30 billion, a P/E ratio of 19.46 and a beta of 1.21.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. The firm had revenue of $252.00 million for the quarter, compared to the consensus estimate of $225.72 million. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. On average, equities analysts predict that TriNet Group, Inc. will post 4.58 EPS for the current fiscal year.

TriNet Group Announces Dividend

The company also recently disclosed 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 was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.50%. TriNet Group's payout ratio is 29.24%.

Insider Transactions at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 2,345 shares of the firm's stock in a transaction on Friday, November 29th. The shares were sold at an average price of $93.03, for a total value of $218,155.35. Following the completion of the transaction, the chief technology officer now directly owns 34,606 shares of the company's stock, valued at approximately $3,219,396.18. This trade represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 37.10% of the company's stock.

Hedge Funds Weigh In On TriNet Group

Several institutional investors have recently bought and sold shares of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of TriNet Group by 26.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,105 shares of the business services provider's stock worth $6,908,000 after buying an additional 15,963 shares during the last quarter. Woodline Partners LP purchased a new position in TriNet Group in the fourth quarter worth about $4,182,000. Two Sigma Advisers LP increased its stake in TriNet Group by 50.7% during the fourth quarter. Two Sigma Advisers LP now owns 52,000 shares of the business services provider's stock worth $4,720,000 after acquiring an additional 17,500 shares during the last quarter. Two Sigma Investments LP raised its position in TriNet Group by 4.0% during the fourth quarter. Two Sigma Investments LP now owns 88,449 shares of the business services provider's stock valued at $8,029,000 after purchasing an additional 3,436 shares during the period. Finally, State of Wyoming lifted its stake in shares of TriNet Group by 205.3% in the 4th quarter. State of Wyoming now owns 3,764 shares of the business services provider's stock valued at $342,000 after purchasing an additional 2,531 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

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.