TriNet Group (NYSE:TNET) PT Lowered to $118.00 at TD Cowen

TriNet Group (NYSE:TNET) had its price target decreased by TD Cowen from $132.00 to $118.00 in a research report report published on Monday, Benzinga reports. TD Cowen currently has a buy rating on the business services provider’s stock.

TNET has been the topic of a number of other reports. StockNews.com lowered TriNet Group from a buy rating to a hold rating in a report on Monday, April 29th. Needham & Company LLC lowered their target price on shares of TriNet Group from $150.00 to $140.00 and set a buy rating on the stock in a research note on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of Hold and an average price target of $113.83.

TriNet Group Stock Down 1.7 %

TNET stock opened at $100.44 on Monday. The stock has a market cap of $5.08 billion, a PE ratio of 16.47 and a beta of 1.19. The firm’s 50-day simple moving average is $106.77 and its 200 day simple moving average is $116.92. TriNet Group has a fifty-two week low of $90.55 and a fifty-two week high of $134.67. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 6.88.

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

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 22nd. Shareholders of record on Monday, July 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date is Monday, July 1st. TriNet Group’s dividend payout ratio (DPR) is presently 16.39%.

Insider Activity

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

Institutional Investors Weigh In On TriNet Group

A number of large investors have recently made changes to their positions in the company. Wedge Capital Management L L P NC grew its position in TriNet Group by 253.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 144,083 shares of the business services provider’s stock worth $17,136,000 after purchasing an additional 103,330 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of TriNet Group by 160.2% during the fourth quarter. Victory Capital Management Inc. now owns 22,746 shares of the business services provider’s stock valued at $2,705,000 after buying an additional 14,003 shares in the last quarter. Van ECK Associates Corp grew its holdings in shares of TriNet Group by 181.9% during the fourth quarter. Van ECK Associates Corp now owns 23,683 shares of the business services provider’s stock valued at $2,817,000 after buying an additional 15,282 shares in the last quarter. Cookson Peirce & Co. Inc. acquired a new position in TriNet Group during the fourth quarter valued at $7,777,000. Finally, BI Asset Management Fondsmaeglerselskab A S purchased a new stake in TriNet Group in the 4th quarter worth about $3,048,000. Institutional investors and hedge funds 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.