TriNet Group’s (TNET) “Underweight” Rating Reaffirmed at JPMorgan Chase & Co.

JPMorgan Chase & Co. reissued their underweight rating on shares of TriNet Group (NYSE:TNET) in a research note issued to investors on Tuesday morning, MarketBeat Ratings reports. JPMorgan Chase & Co. currently has a $103.00 target price on the business services provider’s stock.

A number of other analysts have also weighed in on the stock. Needham & Company LLC restated a “buy” rating and issued a $140.00 target price on shares of TriNet Group in a research report on Wednesday, September 11th. TD Cowen reduced their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a research report on Monday, June 24th. One equities 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’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $118.40.

TriNet Group Stock Down 1.8 %

Shares of TNET opened at $91.64 on Tuesday. TriNet Group has a one year low of $89.93 and a one year high of $134.67. The firm has a 50 day simple moving average of $97.10 and a two-hundred day simple moving average of $103.26. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.04. The company has a market cap of $4.55 billion, a P/E ratio of 15.48 and a beta of 1.17.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.29. The company had revenue of $310.00 million for the quarter, compared to the consensus estimate of $301.76 million. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. Research analysts forecast that TriNet Group will post 5.13 EPS for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be issued a dividend of $0.25 per share. The ex-dividend date is Tuesday, October 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.09%. TriNet Group’s dividend payout ratio (DPR) is presently 16.89%.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction dated Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the transaction, the director now directly owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the sale, the chief financial officer now directly owns 82,409 shares in the company, valued at $8,484,830.64. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the sale, the director now owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by insiders.

Institutional Trading of TriNet Group

Institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in shares of TriNet Group by 1.9% in the 1st quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider’s stock valued at $376,053,000 after purchasing an additional 52,240 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in TriNet Group by 9.3% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,217,214 shares of the business services provider’s stock worth $121,721,000 after purchasing an additional 103,809 shares in the last quarter. Jane Street Group LLC lifted its stake in TriNet Group by 67.7% in the first quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock valued at $152,354,000 after buying an additional 464,289 shares during the period. Earnest Partners LLC boosted its holdings in shares of TriNet Group by 1.9% during the 2nd quarter. Earnest Partners LLC now owns 915,043 shares of the business services provider’s stock worth $91,504,000 after buying an additional 16,708 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of TriNet Group by 1.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 823,019 shares of the business services provider’s stock worth $82,304,000 after buying an additional 9,386 shares during the period. Institutional investors own 96.81% of the company’s stock.

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.