TriNet Group, Inc. (NYSE:TNET - Get Free Report) Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total transaction of $37,882.50. Following the completion of the sale, the director now directly owns 36,341 shares of the company's stock, valued at $3,671,167.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.
TriNet Group Price Performance
NYSE:TNET traded down $0.77 during trading hours on Friday, reaching $101.16. The company had a trading volume of 275,916 shares, compared to its average volume of 243,007. The company has a quick ratio of 1.05, a current ratio of 1.06 and a debt-to-equity ratio of 6.88. The stock has a 50-day moving average of $125.63 and a two-hundred day moving average of $118.76. TriNet Group, Inc. has a one year low of $87.20 and a one year high of $134.67. The firm has a market capitalization of $5.12 billion, a PE ratio of 16.58 and a beta of 1.16.
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 for the quarter, topping the consensus estimate of $0.95 by $0.46. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. The business had revenue of $326.00 million for the quarter, compared to analyst estimates of $300.36 million. Analysts forecast that TriNet Group, Inc. will post 4.78 earnings per share for the current year.
TriNet Group Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.99%. The ex-dividend date was Thursday, March 28th. TriNet Group's payout ratio is currently 16.39%.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on TNET shares. StockNews.com lowered shares of TriNet Group from a "buy" rating to a "hold" rating in a research report on Monday. TD Cowen upped their price objective on shares of TriNet Group from $129.00 to $140.00 and gave the stock an "outperform" rating in a report on Monday, March 4th. Stifel Nicolaus raised 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 decreased their price target on TriNet Group from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, TriNet Group currently has a consensus rating of "Hold" and an average target price of $117.50.
Read Our Latest Analysis on TriNet Group
Institutional Investors Weigh In On TriNet Group
A number of hedge funds and other institutional investors have recently bought and sold shares of TNET. Principal Securities Inc. acquired a new stake in shares of TriNet Group in the fourth quarter valued at approximately $26,000. Avion Wealth raised its position in shares of TriNet Group by 22.9% during the fourth quarter. Avion Wealth now owns 569 shares of the business services provider's stock worth $68,000 after acquiring an additional 106 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of TriNet Group by 31.8% during the third quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider's stock valued at $85,000 after acquiring an additional 176 shares during the period. Group One Trading L.P. bought a new position in TriNet Group in the third quarter valued at about $90,000. Finally, Blue Trust Inc. increased its position in TriNet Group by 15.7% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the business services provider's stock worth $93,000 after purchasing an additional 108 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.
TriNet Group Company Profile
(
Get Free Report)
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.
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