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

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Thursday, February 15th, Zacks reports. Stockholders of record on Monday, April 1st will be given a dividend of 0.25 per share by the business services provider on Monday, April 22nd. This represents a $1.00 annualized dividend and a dividend yield of 0.76%. The ex-dividend date is Thursday, March 28th.

TriNet Group Trading Up 0.4 %

NYSE:TNET opened at $131.71 on Wednesday. TriNet Group has a one year low of $75.87 and a one year high of $132.97. The company has a debt-to-equity ratio of 12.62, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a market capitalization of $6.66 billion, a price-to-earnings ratio of 20.29 and a beta of 1.09. The business has a fifty day moving average price of $121.92 and a 200-day moving average price of $117.37.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.95 by $0.46. TriNet Group had a return on equity of 87.97% and a net margin of 7.62%. The business had revenue of $326.00 million during the quarter, compared to analyst estimates of $300.36 million. Sell-side analysts forecast that TriNet Group will post 5.79 EPS for the current year.

Insider Buying and Selling

In related news, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total value of $1,782,162.48. Following the sale, the executive vice president now directly owns 48,562 shares of the company’s stock, valued at approximately $6,064,422.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Samantha Wellington sold 14,271 shares of the stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $124.88, for a total value of $1,782,162.48. Following the sale, the executive vice president now directly owns 48,562 shares of the company’s stock, valued at approximately $6,064,422.56. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Alexander G. Warren sold 5,597 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $115.80, for a total transaction of $648,132.60. Following the transaction, the senior vice president now directly owns 21,864 shares in the company, valued at $2,531,851.20. The disclosure for this sale can be found here. Insiders have sold 39,432 shares of company stock valued at $4,809,967 in the last ninety days. 40.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On TriNet Group

Institutional investors have recently modified their holdings of the stock. GSA Capital Partners LLP purchased a new position in TriNet Group during the fourth quarter valued at approximately $2,364,000. Public Employees Retirement System of Ohio increased its holdings in TriNet Group by 205.4% during the fourth quarter. Public Employees Retirement System of Ohio now owns 1,402 shares of the business services provider’s stock valued at $167,000 after buying an additional 943 shares during the period. Systematic Portfolios LLC purchased a new position in TriNet Group during the fourth quarter valued at approximately $221,000. Barclays PLC increased its holdings in TriNet Group by 205.1% during the fourth quarter. Barclays PLC now owns 71,358 shares of the business services provider’s stock valued at $8,487,000 after buying an additional 47,969 shares during the period. Finally, Voloridge Investment Management LLC increased its holdings in TriNet Group by 66.1% during the fourth quarter. Voloridge Investment Management LLC now owns 67,475 shares of the business services provider’s stock valued at $8,025,000 after buying an additional 26,846 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

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.