Needham & Company LLC Reaffirms Hold Rating for TriNet Group (NYSE:TNET)

TriNet Group (NYSE:TNET)‘s stock had its “hold” rating restated by stock analysts at Needham & Company LLC in a research note issued on Thursday,Benzinga reports.

Separately, TD Cowen lowered shares of TriNet Group from a “buy” rating to a “hold” rating and reduced their target price for the company from $104.00 to $74.00 in a report on Tuesday, February 18th.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $74.89 on Thursday. The company’s fifty day moving average price is $83.85 and its 200-day moving average price is $90.32. The firm has a market capitalization of $3.71 billion, a price-to-earnings ratio of 21.90 and a beta of 1.26. TriNet Group has a one year low of $65.43 and a one year high of $134.67. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping analysts’ consensus estimates of $0.25 by $0.02. TriNet Group had a net margin of 3.46% and a return on equity of 200.82%. The firm had revenue of $252.00 million for the quarter, compared to analyst estimates of $225.72 million. On average, equities research analysts anticipate that TriNet Group will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The shares were sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the sale, the director now directly owns 36,991 shares of the company’s stock, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,364 shares of the firm’s stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total transaction of $94,607.04. Following the completion of the sale, the chief technology officer now directly owns 19,867 shares of the company’s stock, valued at approximately $1,377,975.12. This represents a 6.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 9,748 shares of company stock valued at $833,436 in the last quarter. Company insiders own 37.10% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. TD Private Client Wealth LLC lifted its position in shares of 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 worth $58,000 after purchasing an additional 121 shares during the period. Avion Wealth lifted its position in shares of TriNet Group by 14.9% in the 4th quarter. Avion Wealth now owns 1,081 shares of the business services provider’s stock worth $98,000 after purchasing an additional 140 shares during the period. Summit Investment Advisors Inc. lifted its position in shares of TriNet Group by 4.7% in the 4th quarter. Summit Investment Advisors Inc. now owns 3,344 shares of the business services provider’s stock worth $304,000 after purchasing an additional 149 shares during the period. Franklin Resources Inc. lifted its position in shares of TriNet Group by 3.4% in the 3rd quarter. Franklin Resources Inc. now owns 5,086 shares of the business services provider’s stock worth $499,000 after purchasing an additional 169 shares during the period. Finally, Linden Thomas Advisory Services LLC lifted its position in shares of TriNet Group by 2.6% in the 4th quarter. Linden Thomas Advisory Services LLC now owns 7,731 shares of the business services provider’s stock worth $702,000 after purchasing an additional 196 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

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.