TriNet Group, Inc. (NYSE:TNET) Announces Quarterly Dividend of $0.25

TriNet Group, Inc. (NYSE:TNET) declared a quarterly dividend on Wednesday, September 18th, NASDAQ reports. Investors of record on Tuesday, October 1st will be paid a dividend of 0.25 per share by the business services provider on Monday, October 28th. This represents a $1.00 dividend on an annualized basis and a yield of 1.02%. The ex-dividend date of this dividend is Tuesday, October 1st.

TriNet Group has a dividend payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TriNet Group to earn $5.67 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 17.6%.

TriNet Group Price Performance

TNET stock opened at $98.41 on Friday. The stock’s 50 day moving average is $100.23 and its two-hundred day moving average is $108.97. TriNet Group has a 52-week low of $91.59 and a 52-week high of $134.67. The company has a market capitalization of $4.89 billion, a PE ratio of 16.13 and a beta of 1.17. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.29. The business had revenue of $310.00 million during the quarter, compared to the consensus estimate of $301.76 million. TriNet Group had a net margin of 6.29% and a return on equity of 397.90%. Analysts predict that TriNet Group will post 5.13 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on TNET shares. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of TriNet Group in a research report on Wednesday, September 11th. TD Cowen lowered their price objective on TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a report on Monday, June 24th. Finally, JPMorgan Chase & Co. cut their price objective on TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a research note on Tuesday, August 20th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $118.40.

Insider Transactions at TriNet Group

In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the sale, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other TriNet Group news, Director Paul Edward Chamberlain sold 375 shares of the firm’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total value of $39,937.50. Following the sale, the director now directly owns 37,966 shares in the company, valued at $4,043,379. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the transaction, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

TriNet Group Company Profile

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.