TriNet Group, Inc. (NYSE:TNET - Get Free Report)'s share price hit a new 52-week low during trading on Monday . The stock traded as low as $63.11 and last traded at $63.66, with a volume of 10055 shares. The stock had previously closed at $63.30.
Wall Street Analysts Forecast Growth
Separately, JPMorgan Chase & Co. dropped their price objective on TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock in a research note on Monday, July 28th.
Read Our Latest Stock Analysis on TriNet Group
TriNet Group Price Performance
The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 21.83 and a beta of 0.83. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. The company has a 50 day moving average of $72.03 and a 200 day moving average of $77.47.
TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.03 by $0.12. The business had revenue of $282.90 million for the quarter, compared to the consensus estimate of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%. During the same quarter last year, the business posted $1.53 EPS. Equities research analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.
TriNet Group Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Tuesday, July 1st. TriNet Group's dividend payout ratio is 37.80%.
Insider Transactions at TriNet Group
In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total transaction of $117,891.48. Following the completion of the transaction, the chief technology officer owned 32,932 shares in the company, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sidney A. Majalya sold 500 shares of the stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total value of $41,570.00. Following the transaction, the senior vice president owned 23,033 shares of the company's stock, valued at approximately $1,914,963.62. This trade represents a 2.12% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,120 shares of company stock valued at $175,291. Corporate insiders own 38.10% of the company's stock.
Hedge Funds Weigh In On TriNet Group
A number of large investors have recently added to or reduced their stakes in the company. Capital Research Global Investors increased its holdings in TriNet Group by 98.2% during the 4th quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider's stock worth $256,229,000 after purchasing an additional 1,398,573 shares in the last quarter. Massachusetts Financial Services Co. MA increased its holdings in TriNet Group by 11.9% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,123,201 shares of the business services provider's stock worth $168,242,000 after purchasing an additional 225,196 shares in the last quarter. Wellington Management Group LLP grew its holdings in shares of TriNet Group by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider's stock valued at $160,203,000 after acquiring an additional 394,847 shares in the last quarter. American Century Companies Inc. grew its holdings in shares of TriNet Group by 183.3% in the 1st quarter. American Century Companies Inc. now owns 858,205 shares of the business services provider's stock valued at $68,004,000 after acquiring an additional 555,258 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of TriNet Group by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,410 shares of the business services provider's stock valued at $75,196,000 after acquiring an additional 22,114 shares in the last quarter. Institutional investors own 96.81% of the company's stock.
About TriNet Group
(
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.
See Also
Before you consider TriNet Group, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and TriNet Group wasn't on the list.
While TriNet Group currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven best retirement stocks and why they should be in your portfolio.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
MarketBeat All Access