TriNet Group, Inc. (NYSE:TNET) Receives Average Rating of “Hold” from Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have received an average rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1-year target price among analysts that have issued a report on the stock in the last year is $117.50.

TNET has been the subject of several analyst reports. StockNews.com downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday, April 29th. TD Cowen raised their price target on TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. Finally, Needham & Company LLC cut their price objective on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, April 26th.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction 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 approximately $3,671,167.82. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total transaction of $37,882.50. Following the transaction, the director now owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Alexander G. Warren sold 1,867 shares of the business’s stock in a transaction dated Monday, May 20th. The shares were sold at an average price of $103.74, for a total transaction of $193,682.58. Following the completion of the sale, the senior vice president now owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The disclosure for this sale can be found here. 37.10% of the stock is owned by insiders.

Institutional Trading of TriNet Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Principal Securities Inc. purchased a new stake in shares of TriNet Group during the 4th quarter worth $26,000. Avion Wealth lifted 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 valued at $68,000 after buying an additional 106 shares during the last quarter. LRI Investments LLC bought a new stake in shares of TriNet Group in the 1st quarter valued at about $81,000. PNC Financial Services Group Inc. grew its position in shares of TriNet Group by 31.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider’s stock worth $85,000 after buying an additional 176 shares during the last quarter. Finally, Group One Trading L.P. bought a new position in shares of TriNet Group during the 3rd quarter worth approximately $90,000. Institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Performance

NYSE TNET opened at $103.37 on Friday. The business’s 50 day moving average price is $108.30 and its 200-day moving average price is $117.19. TriNet Group has a fifty-two week low of $90.55 and a fifty-two week high of $134.67. The company has a market cap of $5.23 billion, a P/E ratio of 16.95 and a beta of 1.19. The company has a debt-to-equity ratio of 6.88, a quick ratio of 1.06 and a current ratio of 1.06.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Friday, April 26th. The business services provider reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.36). TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. The firm had revenue of $357.00 million for the quarter, compared to the consensus estimate of $380.41 million. Sell-side analysts predict that TriNet Group will post 4.82 earnings per share for the current year.

TriNet Group Company Profile

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.