Media stories about TriNet (NYSE:TNET) have been trending somewhat positive recently, according to Accern Sentiment. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TriNet earned a coverage optimism score of 0.18 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 44.8188772703233 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have effected Accern Sentiment’s rankings:
- TriNet’s (TNET) “Buy” Rating Reiterated at Stifel Nicolaus (americanbankingnews.com)
- Trinet Group INC (TNET) Shares Rose While Arrowpoint Asset Management LLC Decreased Its Stake (beyondtheninetyminutes.com)
- On May, 1 The EPS for TriNet Group, Inc. (TNET) Expected At $0.55 (thecasualsmart.com)
- TriNet (TNET) Rating Reiterated by Stifel Nicolaus (americanbankingnews.com)
- TriNet (TNET) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com)
TriNet stock opened at $48.34 on Friday. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.13 and a quick ratio of 1.13. TriNet has a one year low of $27.27 and a one year high of $50.79. The stock has a market capitalization of $3,503.47, a price-to-earnings ratio of 28.10 and a beta of 2.50.
TriNet (NYSE:TNET) last released its quarterly earnings results on Tuesday, February 27th. The business services provider reported $0.37 EPS for the quarter, missing analysts’ consensus estimates of $0.42 by ($0.05). TriNet had a net margin of 5.42% and a return on equity of 102.76%. The business had revenue of $204.00 million during the quarter, compared to analysts’ expectations of $198.33 million. equities analysts predict that TriNet will post 2.19 earnings per share for the current year.
TriNet declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 27th that permits the company to repurchase $120.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.
TNET has been the subject of a number of research analyst reports. Stifel Nicolaus increased their price target on TriNet to $54.00 and gave the company a “buy” rating in a research note on Wednesday, February 28th. ValuEngine upgraded TriNet from a “hold” rating to a “buy” rating in a research note on Wednesday, April 4th. Morgan Stanley upgraded TriNet from an “underweight” rating to an “equal weight” rating and set a $46.00 price target for the company in a research note on Wednesday, April 4th. Finally, Zacks Investment Research upgraded TriNet from a “sell” rating to a “hold” rating in a research note on Wednesday, February 7th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $45.20.
In other news, CEO Burton M. Goldfield sold 17,809 shares of the stock in a transaction dated Wednesday, January 17th. The stock was sold at an average price of $41.78, for a total value of $744,060.02. Following the transaction, the chief executive officer now directly owns 32,234 shares of the company’s stock, valued at $1,346,736.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Martin Babinec sold 115,000 shares of the stock in a transaction dated Tuesday, April 10th. The shares were sold at an average price of $47.24, for a total value of $5,432,600.00. The disclosure for this sale can be found here. Insiders sold 392,114 shares of company stock worth $17,977,509 over the last three months. Corporate insiders own 42.40% of the company’s stock.
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TriNet Company Profile
TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services.
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