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 on Tuesday . The stock traded as low as $73.61 and last traded at $74.06, with a volume of 68724 shares traded. The stock had previously closed at $77.59.

Wall Street Analysts Forecast Growth

TNET has been the topic of several research reports. TD Cowen downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and cut their price target for the stock from $104.00 to $74.00 in a report on Tuesday. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research report on Friday, February 14th.

TriNet Group Trading Down 4.0 %

The company has a current ratio of 1.07, a quick ratio of 1.07 and a debt-to-equity ratio of 13.16. The company has a 50-day simple moving average of $90.05 and a 200 day simple moving average of $93.05. The firm has a market cap of $3.45 billion, a PE ratio of 20.37 and a beta of 1.21.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (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 firm had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. As a group, sell-side analysts forecast that TriNet Group, Inc. will post 4.67 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

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

Insider Activity

In other TriNet Group news, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following 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 document filed with the SEC, which is accessible through the SEC website. Insiders have sold 11,942 shares of company stock worth $1,083,506 in the last quarter. Corporate insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. TD Private Client Wealth LLC lifted its holdings in TriNet Group by 25.5% in the 3rd quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 121 shares in the last quarter. LRI Investments LLC lifted its holdings in TriNet Group by 643.8% in the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider’s stock valued at $60,000 after purchasing an additional 573 shares in the last quarter. IFP Advisors Inc lifted its holdings in TriNet Group by 45.5% in the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock valued at $71,000 after purchasing an additional 240 shares in the last quarter. KBC Group NV lifted its holdings in TriNet Group by 26.5% in the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock valued at $92,000 after purchasing an additional 199 shares in the last quarter. Finally, Avion Wealth lifted its holdings in TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock valued at $98,000 after purchasing an additional 140 shares in 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.