TriNet Group (NYSE:TNET) Sets New 1-Year Low - Should You Sell?

Key Points

• TriNet Group's stock hit a new 52-week low at $62.69, closing slightly higher at $62.74 with a trading volume of 161,036 shares.
• JPMorgan Chase & Co. downgraded TriNet Group's price target from $76.00 to $75.00 and set an "underweight" rating for the company.
• TriNet reported earnings of $1.15 per share, exceeding analysts' expectations, while its quarterly revenue was $282.90 million, above the predicted $278.93 million.

Shares of TriNet Group, Inc. (NYSE:TNET - Get Free Report) hit a new 52-week low during trading on Monday . The stock traded as low as $62.69 and last traded at $62.74, with a volume of 161036 shares trading hands. The stock had previously closed at $63.57.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their price objective on TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a research report on Monday, July 28th.

TriNet Group Stock Performance

The company has a market capitalization of $3.05 billion, a P/E ratio of 21.59 and a beta of 0.83. The stock has a fifty day simple moving average of $72.03 and a 200-day simple moving average of $77.23. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.03 by $0.12. The company had revenue of $282.90 million during the quarter, compared to analysts' expectations of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%. During the same period last year, the business earned $1.53 earnings per share. Equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.8%. TriNet Group's dividend payout ratio (DPR) is presently 37.80%.

Insiders Place Their Bets

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction on 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 directly owned 32,932 shares of the company's stock, valued at approximately $2,701,741.28. This trade represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Sidney A. Majalya sold 500 shares of the firm's stock in a transaction on Wednesday, May 21st. The shares were sold at an average price of $83.14, for a total value of $41,570.00. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,120 shares of company stock valued at $175,291. Company insiders own 38.10% of the company's stock.

Institutional Trading of TriNet Group

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Intech Investment Management LLC increased its stake in shares of TriNet Group by 10.6% in the second quarter. Intech Investment Management LLC now owns 18,643 shares of the business services provider's stock valued at $1,364,000 after buying an additional 1,781 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of TriNet Group by 26.8% in the second quarter. PNC Financial Services Group Inc. now owns 2,905 shares of the business services provider's stock valued at $212,000 after buying an additional 614 shares in the last quarter. AE Wealth Management LLC increased its stake in shares of TriNet Group by 20.7% in the second quarter. AE Wealth Management LLC now owns 3,160 shares of the business services provider's stock valued at $231,000 after buying an additional 541 shares in the last quarter. GHP Investment Advisors Inc. increased its stake in shares of TriNet Group by 4.0% in the second quarter. GHP Investment Advisors Inc. now owns 42,932 shares of the business services provider's stock valued at $3,140,000 after buying an additional 1,648 shares in the last quarter. Finally, Arkadios Wealth Advisors acquired a new stake in shares of TriNet Group in the second quarter valued at $405,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

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.

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