TriNet Group (NYSE:TNET) Hits New 1-Year High at $134.25

TriNet Group, Inc. (NYSE:TNET - Get Free Report)'s stock price hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $134.25 and last traded at $133.91, with a volume of 21401 shares trading hands. The stock had previously closed at $132.30.

Analyst Ratings Changes

Several analysts have issued reports on TNET shares. TD Cowen upped their target price on TriNet Group from $129.00 to $140.00 and gave the company an "outperform" rating in a report on Monday, March 4th. StockNews.com upgraded TriNet Group from a "hold" rating to a "buy" rating in a report on Monday, February 5th. Stifel Nicolaus upped their target price on TriNet Group from $117.00 to $121.00 and gave the company a "buy" rating in a report on Friday, February 16th. Finally, Needham & Company LLC restated a "buy" rating and issued a $150.00 target price on shares of TriNet Group in a report on Friday, March 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $119.17.

TriNet Group Trading Up 1.0 %

The company has a 50 day moving average price of $123.85 and a 200 day moving average price of $118.08. The company has a debt-to-equity ratio of 12.62, a quick ratio of 1.05 and a current ratio of 1.05. The firm has a market cap of $6.75 billion, a price-to-earnings ratio of 20.58 and a beta of 1.09.

TriNet Group (NYSE:TNET - Get Free Report) last posted its earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.46. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. The firm had revenue of $326.00 million for the quarter, compared to analyst estimates of $300.36 million. On average, research analysts expect that TriNet Group, Inc. will post 5.79 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, April 22nd. Investors of record on Monday, April 1st will be paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 0.75%. The ex-dividend date is Thursday, March 28th. TriNet Group's payout ratio is 15.41%.

Insider Buying and Selling

In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the sale, the executive vice president now owns 48,562 shares of the company's stock, valued at approximately $6,064,422.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other TriNet Group news, CEO Burton M. Goldfield sold 2,783 shares of the stock in a transaction dated Monday, January 22nd. The stock was sold at an average price of $116.67, for a total value of $324,692.61. Following the sale, the chief executive officer now owns 125,046 shares of the company's stock, valued at approximately $14,589,116.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the sale, the executive vice president now directly owns 48,562 shares in the company, valued at approximately $6,064,422.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,835 shares of company stock valued at $4,161,834. Corporate insiders own 40.60% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in TNET. Principal Securities Inc. purchased a new position in shares of TriNet Group in the 4th quarter valued at about $26,000. Amundi acquired a new position in TriNet Group during the fourth quarter worth approximately $33,000. Captrust Financial Advisors increased its position in TriNet Group by 78.7% during the second quarter. Captrust Financial Advisors now owns 620 shares of the business services provider's stock worth $48,000 after buying an additional 273 shares during the period. Avion Wealth increased its position in TriNet Group by 30.8% during the third quarter. Avion Wealth now owns 463 shares of the business services provider's stock worth $53,000 after buying an additional 109 shares during the period. Finally, Point72 Europe London LLP acquired a new position in TriNet Group during the fourth quarter worth approximately $54,000. 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.