TriNet Group (NYSE:TNET) Sets New 1-Year Low – Here’s Why

TriNet Group, Inc. (NYSE:TNET) shares reached 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.

Analyst Ratings Changes

A number of research firms recently issued reports on TNET. JPMorgan Chase & Co. reissued an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a report on Tuesday, October 22nd. Needham & Company LLC restated a “hold” rating on shares of TriNet Group in a research note on Friday. Finally, TD Cowen cut shares of TriNet Group from a “buy” rating to a “hold” rating and decreased their target price for the stock from $104.00 to $74.00 in a research note on Tuesday.

TriNet Group Stock Performance

The company has a market cap of $3.59 billion, a P/E ratio of 13.93 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 7.70. The business’s 50 day simple moving average is $90.94 and its 200 day simple moving average is $93.39.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. The firm had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a net margin of 5.29% and a return on equity of 248.94%. Sell-side analysts predict that TriNet Group, Inc. will post 4.14 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. Investors of record on Thursday, January 2nd were issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.38%. The ex-dividend date was Thursday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is presently 19.27%.

Insider Activity at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 2,345 shares of TriNet Group stock in a transaction on Friday, November 29th. The shares were sold at an average price of $93.03, for a total transaction of $218,155.35. Following the completion of the transaction, the chief technology officer now directly owns 34,606 shares of the company’s stock, valued at $3,219,396.18. The trade was a 6.35 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Over the last ninety days, insiders sold 11,942 shares of company stock valued at $1,083,506. 37.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in TriNet Group by 26.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 76,105 shares of the business services provider’s stock worth $6,908,000 after buying an additional 15,963 shares during the period. Woodline Partners LP purchased a new stake in shares of TriNet Group during the fourth quarter valued at $4,182,000. Two Sigma Advisers LP boosted its stake in shares of TriNet Group by 50.7% during the fourth quarter. Two Sigma Advisers LP now owns 52,000 shares of the business services provider’s stock valued at $4,720,000 after purchasing an additional 17,500 shares during the period. Two Sigma Investments LP boosted its stake in shares of TriNet Group by 4.0% during the fourth quarter. Two Sigma Investments LP now owns 88,449 shares of the business services provider’s stock valued at $8,029,000 after purchasing an additional 3,436 shares during the period. Finally, State of Wyoming boosted its stake in shares of TriNet Group by 205.3% during the fourth quarter. State of Wyoming now owns 3,764 shares of the business services provider’s stock valued at $342,000 after purchasing an additional 2,531 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

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.