TriNet Group (NYSE:TNET) Reaches New 1-Year Low – What’s Next?

TriNet Group, Inc. (NYSE:TNET)’s stock price hit a new 52-week low during mid-day trading on Tuesday . The company traded as low as $73.61 and last traded at $74.06, with a volume of 68724 shares. The stock had previously closed at $77.59.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TNET shares. TD Cowen downgraded TriNet Group from a “buy” rating to a “hold” rating and cut their price objective for the stock from $104.00 to $74.00 in a research report on Tuesday. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research report on Friday, February 14th.

TriNet Group Stock Down 4.0 %

The business has a fifty day moving average of $90.05 and a 200 day moving average of $93.05. The company has a market capitalization of $3.45 billion, a PE ratio of 20.37 and a beta of 1.21. The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, beating analysts’ consensus estimates of $0.25 by $0.02. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. The company had revenue of $252.00 million during the quarter, compared to analysts’ expectations of $225.72 million. Equities research analysts anticipate that TriNet Group, Inc. will post 4.67 EPS for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were issued a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 1.44%. The ex-dividend date was Thursday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is 29.24%.

Insider Activity at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following the completion of the transaction, the chief technology officer now owns 21,769 shares in the company, valued at approximately $1,949,849.33. This trade represents a 26.34 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold 11,942 shares of company stock worth $1,083,506 in the last three months. 37.10% of the stock is owned by company insiders.

Hedge Funds Weigh In On TriNet Group

Several hedge funds and other institutional investors have recently made changes to their positions in TNET. Creative Planning boosted its stake in shares of TriNet Group by 25.3% in the 3rd quarter. Creative Planning now owns 4,456 shares of the business services provider’s stock valued at $432,000 after buying an additional 899 shares during the period. GHP Investment Advisors Inc. lifted its stake in TriNet Group by 5.0% during the third quarter. GHP Investment Advisors Inc. now owns 45,543 shares of the business services provider’s stock worth $4,416,000 after purchasing an additional 2,152 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in TriNet Group by 5.3% during the third quarter. DekaBank Deutsche Girozentrale now owns 33,743 shares of the business services provider’s stock worth $3,200,000 after purchasing an additional 1,700 shares during the last quarter. US Bancorp DE lifted its stake in TriNet Group by 9,893.1% during the third quarter. US Bancorp DE now owns 7,195 shares of the business services provider’s stock worth $698,000 after purchasing an additional 7,123 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its stake in TriNet Group by 7,191.7% during the third quarter. Farther Finance Advisors LLC now owns 4,375 shares of the business services provider’s stock worth $424,000 after purchasing an additional 4,315 shares during the last quarter. Hedge funds and other institutional investors 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.