TriNet Group (NYSE:TNET) Sets New 52-Week High at $134.25

TriNet Group, Inc. (NYSE:TNETGet Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $134.25 and last traded at $133.91, with a volume of 21401 shares changing hands. The stock had previously closed at $132.30.

Analysts Set New Price Targets

Several equities analysts have issued reports on TNET shares. Needham & Company LLC reissued a “buy” rating and issued a $150.00 price target on shares of TriNet Group in a research note on Friday, March 1st. StockNews.com raised TriNet Group from a “hold” rating to a “buy” rating in a research note on Monday, February 5th. Stifel Nicolaus boosted their price objective on TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a report on Friday, February 16th. Finally, TD Cowen boosted their price objective on TriNet Group from $129.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, March 4th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, TriNet Group has an average rating of “Moderate Buy” and an average target price of $119.17.

View Our Latest Stock Report on TriNet Group

TriNet Group Price Performance

The company has a fifty day moving average of $123.51 and a 200-day moving average of $117.97. The firm has a market cap of $6.72 billion, a P/E ratio of 20.39 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:TNETGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 87.97% and a net margin of 7.62%. On average, sell-side analysts anticipate that TriNet Group, Inc. will post 5.79 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 22nd. Shareholders of record on Monday, April 1st will be paid a $0.25 dividend. The ex-dividend date is Thursday, March 28th. This represents a $1.00 dividend on an annualized basis and a yield of 0.75%. TriNet Group’s dividend payout ratio (DPR) is presently 15.41%.

Insider Buying and Selling at TriNet Group

In other news, CEO Burton M. Goldfield sold 2,783 shares of the company’s stock in a transaction on Monday, January 22nd. The stock was sold at an average price of $116.67, for a total transaction of $324,692.61. Following the transaction, the chief executive officer now owns 125,046 shares of the company’s stock, valued at approximately $14,589,116.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP Samantha Wellington sold 14,271 shares of the company’s stock in a transaction on 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 transaction, the executive vice president now owns 48,562 shares of the company’s stock, valued at approximately $6,064,422.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Burton M. Goldfield sold 2,783 shares of the company’s stock in a transaction on Monday, January 22nd. The shares were sold at an average price of $116.67, for a total value of $324,692.61. Following the transaction, the chief executive officer now directly owns 125,046 shares in the company, valued at approximately $14,589,116.82. The disclosure for this sale can be found here. Insiders sold 33,835 shares of company stock worth $4,161,834 in the last quarter. 40.60% of the stock is currently owned by company insiders.

Institutional Trading of TriNet Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Kapitalo Investimentos Ltda purchased a new stake in TriNet Group during the 4th quarter worth about $338,000. B. Riley Wealth Advisors Inc. bought a new position in TriNet Group in the 4th quarter worth about $309,000. Congress Asset Management Co. MA increased its position in shares of TriNet Group by 0.3% during the 4th quarter. Congress Asset Management Co. MA now owns 63,059 shares of the business services provider’s stock valued at $7,500,000 after purchasing an additional 186 shares during the last quarter. GSA Capital Partners LLP bought a new position in shares of TriNet Group during the 4th quarter valued at about $2,364,000. Finally, Public Employees Retirement System of Ohio increased its position in shares of TriNet Group by 205.4% during the 4th quarter. Public Employees Retirement System of Ohio now owns 1,402 shares of the business services provider’s stock valued at $167,000 after purchasing an additional 943 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

About TriNet Group

(Get Free Report)

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.

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