TriNet Group, Inc. (TNET) to Issue Quarterly Dividend of $0.25 on October 28th

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Wednesday, September 18th, NASDAQ reports. Shareholders of record on Tuesday, October 1st will be paid a dividend of 0.25 per share by the business services provider on Monday, October 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.02%. The ex-dividend date is Tuesday, October 1st.

TriNet Group has a payout ratio of 14.5% indicating that its dividend is sufficiently covered by earnings. Research analysts expect TriNet Group to earn $5.67 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 17.6%.

TriNet Group Trading Up 0.8 %

Shares of TNET opened at $98.41 on Friday. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.04. TriNet Group has a 1-year low of $91.59 and a 1-year high of $134.67. The stock has a market cap of $4.89 billion, a price-to-earnings ratio of 16.13 and a beta of 1.17. The firm has a 50 day simple moving average of $100.23 and a 200-day simple moving average of $108.97.

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

Analysts Set New Price Targets

TNET has been the subject of a number of recent research reports. JPMorgan Chase & Co. lowered their price target on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. TD Cowen lowered their target price on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Finally, Needham & Company LLC reissued a “buy” rating and set a $140.00 price target on shares of TriNet Group in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $118.40.

Insiders Place Their Bets

In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was 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 owns 82,409 shares of the company’s stock, valued at $8,484,830.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, 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 value of $39,937.50. Following the completion of the sale, the director now directly owns 37,966 shares in the company, valued at approximately $4,043,379. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $102.96, for a total value of $482,161.68. Following the transaction, the chief financial officer now owns 82,409 shares in the company, valued at approximately $8,484,830.64. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by insiders.

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.