TriNet Group (NYSE:TNET) Shares Gap Down – Should You Sell?

TriNet Group, Inc. (NYSE:TNET) shares gapped down prior to trading on Thursday . The stock had previously closed at $92.13, but opened at $86.97. TriNet Group shares last traded at $81.99, with a volume of 115,224 shares trading hands.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on TNET shares. Needham & Company LLC lowered TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price objective for the company. in a research note on Monday, October 28th. JPMorgan Chase & Co. reissued an “underweight” rating and set a $103.00 price target on shares of TriNet Group in a research report on Tuesday, October 22nd. Finally, TD Cowen upped their price target on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a report on Wednesday, November 20th. One analyst has rated the stock with a sell rating, two have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $117.00.

TriNet Group Price Performance

The stock has a market cap of $4.05 billion, a price-to-earnings ratio of 15.74 and a beta of 1.21. The company has a 50 day simple moving average of $91.91 and a 200-day simple moving average of $94.02. The company has a quick ratio of 1.07, a current ratio of 1.07 and a debt-to-equity ratio of 7.70.

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

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. The ex-dividend date of this dividend was Thursday, January 2nd. TriNet Group’s dividend payout ratio is presently 19.27%.

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 7,784 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $89.57, for a total transaction of $697,212.88. Following the completion of the transaction, the chief technology officer now owns 21,769 shares in the company, valued at $1,949,849.33. The trade was a 26.34 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have sold a total of 11,942 shares of company stock worth $1,083,506 over the last quarter. 37.10% of the stock is owned by company insiders.

Institutional Investors Weigh In On TriNet Group

Hedge funds have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its holdings in shares of TriNet Group by 11.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 385,335 shares of the business services provider’s stock worth $37,366,000 after acquiring an additional 39,351 shares during the period. Summit Global Investments bought a new position in TriNet Group in the 3rd quarter worth about $605,000. US Bancorp DE grew its position in 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 worth $698,000 after purchasing an additional 7,123 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of TriNet Group by 32.2% in the third quarter. Massachusetts Financial Services Co. MA now owns 1,608,934 shares of the business services provider’s stock valued at $156,018,000 after purchasing an additional 391,720 shares during the period. Finally, Simcoe Capital Management LLC bought a new stake in shares of TriNet Group during the third quarter valued at approximately $16,966,000. 96.81% of the stock is currently owned by institutional investors.

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.