TriNet Group, Inc. (NYSE:TNET) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have received a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $119.20.

TNET has been the subject of a number of research analyst reports. TD Cowen dropped their target price on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research note on Monday, June 24th. Needham & Company LLC reissued a “buy” rating and set a $140.00 price target on shares of TriNet Group in a research note on Monday, July 29th. Finally, StockNews.com downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Monday, April 29th.

TriNet Group Price Performance

Shares of TriNet Group stock opened at $94.12 on Friday. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.04 and a current ratio of 1.04. The firm’s 50-day simple moving average is $103.11 and its 200-day simple moving average is $113.64. TriNet Group has a twelve month low of $92.81 and a twelve month high of $134.67. The firm has a market cap of $4.67 billion, a P/E ratio of 15.43 and a beta of 1.19.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 1st were paid a $0.25 dividend. The ex-dividend date was Monday, July 1st. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.06%. TriNet Group’s payout ratio is currently 16.39%.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 375 shares of TriNet Group stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the sale, the director now directly owns 37,966 shares in the company, valued at approximately $4,043,379. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction that occurred on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the transaction, the director now owns 37,966 shares in the company, valued at approximately $4,043,379. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Alexander G. Warren sold 1,867 shares of TriNet Group stock in a transaction on Monday, May 20th. The shares were sold at an average price of $103.74, for a total transaction of $193,682.58. Following the completion of the sale, the senior vice president now owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TriNet Group

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Assenagon Asset Management S.A. bought a new position in shares of TriNet Group in the fourth quarter worth approximately $1,477,000. Prime Capital Investment Advisors LLC increased its position in shares of TriNet Group by 25.0% in the fourth quarter. Prime Capital Investment Advisors LLC now owns 2,626 shares of the business services provider’s stock worth $312,000 after purchasing an additional 526 shares during the last quarter. New York State Teachers Retirement System bought a new position in shares of TriNet Group in the fourth quarter worth approximately $341,000. DekaBank Deutsche Girozentrale increased its position in shares of TriNet Group by 148.7% in the fourth quarter. DekaBank Deutsche Girozentrale now owns 39,043 shares of the business services provider’s stock worth $4,572,000 after purchasing an additional 23,343 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its position in shares of TriNet Group by 4.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 17,439 shares of the business services provider’s stock worth $2,074,000 after purchasing an additional 705 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other 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.