TriNet Group, Inc. (NYSE:TNET - Get Free Report)'s share price reached a new 52-week low during trading on Tuesday . The company traded as low as $63.23 and last traded at $63.65, with a volume of 355768 shares changing hands. The stock had previously closed at $63.90.
Analyst Ratings Changes
Separately, JPMorgan Chase & Co. increased their price target on shares of TriNet Group from $75.00 to $76.00 and gave the company an "underweight" rating in a research report on Monday, April 28th.
Check Out Our Latest Analysis on TNET
TriNet Group Stock Down 0.6%
The firm's 50-day moving average price is $76.18 and its 200 day moving average price is $79.55. The firm has a market cap of $3.18 billion, a P/E ratio of 19.59 and a beta of 0.84. The company has a debt-to-equity ratio of 14.43, a current ratio of 1.08 and a quick ratio of 1.08.
TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings results on Friday, April 25th. The business services provider reported $1.99 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.67 by $0.32. The company had revenue of $1.29 billion for the quarter, compared to the consensus estimate of $319.36 million. TriNet Group had a net margin of 3.32% and a return on equity of 237.87%. During the same period last year, the firm posted $2.18 EPS. On average, equities research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.
TriNet Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st will be issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.68%. The ex-dividend date of this dividend is Tuesday, July 1st. TriNet Group's dividend payout ratio (DPR) is 32.84%.
Insider Transactions at TriNet Group
In other TriNet Group news, SVP Sidney A. Majalya sold 500 shares of TriNet Group stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total transaction of $41,570.00. Following the sale, the senior vice president owned 23,033 shares of the company's stock, valued at $1,914,963.62. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company's stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total value of $117,891.48. Following the completion of the sale, the chief technology officer 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 position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,120 shares of company stock worth $175,291. Corporate insiders own 38.10% of the company's stock.
Institutional Inflows and Outflows
Several institutional investors have recently modified their holdings of the stock. Hilltop National Bank acquired a new stake in shares of TriNet Group during the 2nd quarter valued at $43,000. LRI Investments LLC boosted its stake in TriNet Group by 643.8% during the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after purchasing an additional 573 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of TriNet Group by 58.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider's stock worth $182,000 after buying an additional 845 shares during the last quarter. Xponance Inc. raised its stake in TriNet Group by 17.8% during the 4th quarter. Xponance Inc. now owns 2,456 shares of the business services provider's stock valued at $223,000 after purchasing an additional 371 shares during the last quarter. Finally, AlphaQuest LLC increased its holdings in shares of TriNet Group by 633.5% during the 1st quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider's stock worth $196,000 after purchasing an additional 2,135 shares during the period. Institutional investors own 96.81% of the company's stock.
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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