TriNet Group (NYSE:TNET) Given New $140.00 Price Target at Needham & Company LLC

TriNet Group (NYSE:TNET) had its price objective lowered by Needham & Company LLC from $150.00 to $140.00 in a report issued on Friday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the business services provider’s stock.

A number of other analysts have also commented on TNET. TD Cowen increased their price objective on TriNet Group from $129.00 to $140.00 and gave the company an outperform rating in a research note on Monday, March 4th. StockNews.com raised shares of TriNet Group from a hold rating to a buy rating in a research note on Monday, February 5th. Finally, Stifel Nicolaus boosted their price objective 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 research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of Hold and an average target price of $117.50.

TriNet Group Trading Down 2.3 %

Shares of TNET opened at $103.31 on Friday. TriNet Group has a twelve month low of $87.20 and a twelve month high of $134.67. The firm has a market capitalization of $5.22 billion, a P/E ratio of 16.94 and a beta of 1.09. The firm’s 50-day moving average is $127.52 and its two-hundred day moving average is $119.27. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 12.62.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.95 by $0.46. The firm had revenue of $326.00 million during the quarter, compared to the consensus estimate of $300.36 million. TriNet Group had a return on equity of 106.58% and a net margin of 6.78%. On average, research analysts predict that TriNet Group will post 5.79 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 22nd. Stockholders of record on Monday, April 1st were issued a dividend of $0.25 per share. The ex-dividend date of this dividend was Thursday, March 28th. This represents a $1.00 annualized dividend and a dividend yield of 0.97%. TriNet Group’s payout ratio is currently 16.39%.

Insider Buying and Selling

In related news, EVP Samantha Wellington sold 14,271 shares of the company’s stock in a transaction that occurred on Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the transaction, the executive vice president now owns 48,562 shares of the company’s stock, valued at $6,064,422.56. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other TriNet Group news, EVP Samantha Wellington sold 14,271 shares of the business’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total transaction of $1,782,162.48. Following the completion of the sale, the executive vice president now owns 48,562 shares of the company’s stock, valued at $6,064,422.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Alexander G. Warren sold 2,385 shares of the firm’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total value of $293,521.95. Following the completion of the transaction, the senior vice president now owns 18,365 shares in the company, valued at $2,260,180.55. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,052 shares of company stock valued at $3,837,142. Insiders own 37.10% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

Large investors have recently made changes to their positions in the business. Principal Securities Inc. purchased a new stake in TriNet Group during the 4th quarter worth $26,000. Avion Wealth raised its holdings in shares of TriNet Group by 30.8% during the 3rd quarter. Avion Wealth now owns 463 shares of the business services provider’s stock valued at $53,000 after buying an additional 109 shares during the period. PNC Financial Services Group Inc. lifted its position in TriNet Group by 31.8% during the 3rd quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider’s stock worth $85,000 after acquiring an additional 176 shares in the last quarter. Group One Trading L.P. purchased a new position in TriNet Group in the 3rd quarter worth approximately $90,000. Finally, Blue Trust Inc. grew its position in TriNet Group by 15.7% in the fourth quarter. Blue Trust Inc. now owns 798 shares of the business services provider’s stock valued at $93,000 after acquiring an additional 108 shares in the last quarter. 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.