TriNet Group (NYSE:TNET) Shares Gap Down - Should You Sell?

TriNet Group, Inc. (NYSE:TNET - Get Free Report)'s stock price gapped down before the market opened on Thursday . The stock had previously closed at $92.13, but opened at $86.97. TriNet Group shares last traded at $81.99, with a volume of 115,224 shares changing hands.

Analyst Ratings Changes

A number of analysts have weighed in on the stock. JPMorgan Chase & Co. reissued an "underweight" rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. TD Cowen increased their target price on shares of TriNet Group from $92.00 to $104.00 and gave the company a "buy" rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC reissued a "hold" rating on shares of TriNet Group in a research report on Friday.

TriNet Group Trading Down 1.4 %

The company has a market cap of $3.84 billion, a price-to-earnings ratio of 14.90 and a beta of 1.21. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 7.70. The firm's 50-day moving average price is $91.25 and its 200 day moving average price is $93.57.

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, beating the consensus estimate of $0.25 by $0.02. TriNet Group had a return on equity of 248.94% and a net margin of 5.29%. The business had revenue of $252.00 million for the quarter, compared to analysts' expectations of $225.72 million. As a group, equities analysts expect that TriNet Group, Inc. will post 4.14 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently announced 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. This represents a $1.00 annualized dividend and a dividend yield of 1.29%. The ex-dividend date of this dividend was Thursday, January 2nd. TriNet Group's dividend payout ratio is presently 19.27%.

Insider Activity

In other news, CTO Jeffery Jon Hayward sold 1,813 shares of the firm's stock in a transaction on Friday, November 22nd. The stock was sold at an average price of $92.74, for a total transaction of $168,137.62. Following the completion of the sale, the chief technology officer now directly owns 36,951 shares of the company's stock, valued at $3,426,835.74. This trade represents a 4.68 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders sold a total of 11,942 shares of company stock valued at $1,083,506 in the last ninety days. 37.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TriNet Group

Large investors have recently added to or reduced their stakes in the company. JPMorgan Chase & Co. increased its holdings in TriNet Group by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider's stock worth $37,366,000 after acquiring an additional 39,351 shares during the last quarter. Summit Global Investments purchased a new stake in TriNet Group in the 3rd quarter worth about $605,000. US Bancorp DE increased its holdings in TriNet Group by 9,893.1% in the 3rd quarter. US Bancorp DE now owns 7,195 shares of the business services provider's stock worth $698,000 after acquiring an additional 7,123 shares during the last quarter. Massachusetts Financial Services Co. MA grew its holdings in TriNet Group by 32.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider's stock valued at $156,018,000 after buying an additional 391,720 shares in the last quarter. Finally, Simcoe Capital Management LLC purchased a new position in TriNet Group during the 3rd quarter valued at about $16,966,000. Hedge funds and other 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.