TriNet Group (NYSE:TNET) Earns “Hold” Rating from Needham & Company LLC

TriNet Group (NYSE:TNET)‘s stock had its “hold” rating reaffirmed by analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports.

A number of other analysts have also issued reports on the stock. JPMorgan Chase & Co. restated an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a research report on Tuesday, October 22nd. TD Cowen raised their price objective on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a report on Wednesday, November 20th. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $117.00.

TriNet Group Stock Performance

TriNet Group stock opened at $78.58 on Friday. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. TriNet Group has a fifty-two week low of $74.32 and a fifty-two week high of $134.67. The stock has a fifty day moving average of $91.91 and a two-hundred day moving average of $94.02. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 15.14 and a beta of 1.21.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. TriNet Group had a return on equity of 248.94% and a net margin of 5.29%. On average, analysts anticipate that TriNet Group will post 4.14 EPS for the current fiscal year.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of the firm’s stock in a transaction dated Friday, November 29th. The stock was sold at an average price of $93.03, for a total value of $218,155.35. Following the transaction, the chief technology officer now directly owns 34,606 shares of the company’s stock, valued at $3,219,396.18. This trade represents a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Over the last 90 days, insiders sold 11,942 shares of company stock valued at $1,083,506. Company insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC acquired a new stake in shares of TriNet Group during the third quarter valued at about $412,000. Creative Planning grew its stake in TriNet Group by 25.3% during the 3rd quarter. Creative Planning now owns 4,456 shares of the business services provider’s stock valued at $432,000 after purchasing an additional 899 shares in the last quarter. GHP Investment Advisors Inc. increased its holdings in TriNet Group by 5.0% during the 3rd quarter. GHP Investment Advisors Inc. now owns 45,543 shares of the business services provider’s stock worth $4,416,000 after purchasing an additional 2,152 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in TriNet Group by 5.3% during the 3rd quarter. DekaBank Deutsche Girozentrale now owns 33,743 shares of the business services provider’s stock worth $3,200,000 after purchasing an additional 1,700 shares during the last quarter. Finally, US Bancorp DE raised its position in shares of TriNet Group by 9,893.1% in the 3rd quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock valued at $698,000 after purchasing an additional 7,123 shares in the last quarter. 96.81% of the stock is 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.