TriNet Group (NYSE:TNET) Sets New 12-Month High at $133.94

TriNet Group, Inc. (NYSE:TNET) shares hit a new 52-week high during trading on Thursday . The company traded as high as $133.94 and last traded at $132.92, with a volume of 17882 shares. The stock had previously closed at $132.01.

Wall Street Analyst Weigh In

TNET has been the topic of a number of recent research reports. Needham & Company LLC restated a “buy” rating and issued a $150.00 target price on shares of TriNet Group in a report on Friday, March 1st. TD Cowen lifted their price objective on shares of TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. StockNews.com upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a report on Monday, February 5th. Finally, Stifel Nicolaus raised their price target on shares of TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a research report on Friday, February 16th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $119.17.

TriNet Group Trading Up 0.4 %

The stock’s 50 day simple moving average is $122.21 and its two-hundred day simple moving average is $117.47. The stock has a market capitalization of $6.70 billion, a PE ratio of 20.33 and a beta of 1.09. The company has a debt-to-equity ratio of 12.62, a current ratio of 1.05 and a quick ratio of 1.05.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. The business had revenue of $326.00 million during the quarter, compared to the consensus estimate of $300.36 million. On average, sell-side analysts expect that TriNet Group, Inc. will post 5.79 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 22nd. Stockholders of record on Monday, April 1st will be given a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 0.75%. The ex-dividend date of this dividend is Thursday, March 28th.

Insider Buying and Selling

In other TriNet Group news, SVP Alexander G. Warren sold 5,597 shares of the business’s stock in a transaction on Wednesday, January 3rd. The shares were sold at an average price of $115.80, for a total transaction of $648,132.60. Following the sale, the senior vice president now owns 21,864 shares of the company’s stock, valued at approximately $2,531,851.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In related news, CEO Burton M. Goldfield sold 2,783 shares of the business’s stock in a transaction that occurred on Monday, January 22nd. The shares were sold at an average price of $116.67, for a total transaction of $324,692.61. Following the completion of the transaction, the chief executive officer now owns 125,046 shares of the company’s stock, valued at $14,589,116.82. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP Alexander G. Warren sold 5,597 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $115.80, for a total transaction of $648,132.60. Following the completion of the sale, the senior vice president now owns 21,864 shares in the company, valued at $2,531,851.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 39,432 shares of company stock valued at $4,809,967. Company insiders own 37.40% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. B. Riley Wealth Advisors Inc. purchased a new stake in shares of TriNet Group during the 4th quarter valued at $309,000. Congress Asset Management Co. MA boosted its stake in TriNet Group by 0.3% in the fourth quarter. Congress Asset Management Co. MA now owns 63,059 shares of the business services provider’s stock worth $7,500,000 after buying an additional 186 shares in the last quarter. GSA Capital Partners LLP bought a new stake in shares of TriNet Group in the 4th quarter worth approximately $2,364,000. Public Employees Retirement System of Ohio boosted its position in TriNet Group by 205.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,402 shares of the business services provider’s stock valued at $167,000 after buying an additional 943 shares during the period. Finally, Systematic Portfolios LLC bought a new stake in shares of TriNet Group in the 4th quarter valued at about $221,000. 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.