TriNet Group (NYSE:TNET) Price Target Lowered to $118.00 at TD Cowen

TriNet Group (NYSE:TNET) had its price target reduced by investment analysts at TD Cowen from $132.00 to $118.00 in a research report issued on Monday, Benzinga reports. The brokerage currently has a “buy” rating on the business services provider’s stock. TD Cowen’s price objective points to a potential upside of 14.18% from the stock’s previous close.

Other research analysts have also recently issued reports about the company. Needham & Company LLC cut their price target on TriNet Group from $150.00 to $140.00 and set a “buy” rating for the company in a report on Friday, April 26th. StockNews.com cut TriNet Group from a “buy” rating to a “hold” rating in a report on Monday, April 29th. One research analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $113.83.

TriNet Group Stock Down 0.4 %

TNET opened at $103.35 on Monday. TriNet Group has a fifty-two week low of $90.55 and a fifty-two week high of $134.67. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.06. The firm’s fifty day moving average price is $108.30 and its two-hundred day moving average price is $117.21. The company has a market capitalization of $5.23 billion, a P/E ratio of 16.94 and a beta of 1.19.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Friday, April 26th. The business services provider reported $1.86 earnings per share for the quarter, missing analysts’ consensus estimates of $2.22 by ($0.36). The business had revenue of $357.00 million for the quarter, compared to analyst estimates of $380.41 million. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. On average, analysts anticipate that TriNet Group will post 4.82 EPS for the current year.

Insiders Place Their Bets

In other news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total transaction of $37,882.50. Following the completion of the transaction, the director now directly owns 36,341 shares in the company, valued at approximately $3,671,167.82. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other TriNet Group news, SVP Alexander G. Warren sold 1,867 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $103.74, for a total transaction of $193,682.58. Following the completion of the transaction, the senior vice president now owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total value of $37,882.50. Following the transaction, the director now directly owns 36,341 shares of the company’s stock, valued at approximately $3,671,167.82. The disclosure for this sale can be found here. Company insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

Large investors have recently bought and sold shares of the company. Principal Securities Inc. bought a new stake in shares of TriNet Group during the 4th quarter worth approximately $26,000. Avion Wealth raised its stake in TriNet Group by 22.9% in the 4th quarter. Avion Wealth now owns 569 shares of the business services provider’s stock valued at $68,000 after acquiring an additional 106 shares during the period. LRI Investments LLC bought a new stake in TriNet Group in the 1st quarter valued at $81,000. PNC Financial Services Group Inc. raised its stake in TriNet Group by 31.8% in the 3rd quarter. PNC Financial Services Group Inc. now owns 730 shares of the business services provider’s stock valued at $85,000 after acquiring an additional 176 shares during the period. Finally, Group One Trading L.P. bought a new stake in TriNet Group in the 3rd quarter valued at $90,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

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.