TriNet Group (NYSE:TNET) Earns “Hold” Rating from Needham & Company LLC

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

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

TriNet Group Trading Down 1.1 %

TNET opened at $72.24 on Thursday. The business’s 50 day moving average price is $84.50 and its 200 day moving average price is $90.62. The company has a debt-to-equity ratio of 13.16, a quick ratio of 1.07 and a current ratio of 1.07. The stock has a market capitalization of $3.58 billion, a PE ratio of 21.12 and a beta of 1.26. TriNet Group has a one year low of $65.43 and a one year high of $134.67.

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

Insider Activity

In other news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction dated Tuesday, February 25th. The stock was sold at an average price of $69.36, for a total value of $41,616.00. Following the completion of the transaction, the director now owns 36,991 shares in the company, valued at approximately $2,565,695.76. This trade represents a 1.60 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The shares were sold at an average price of $89.57, for a total transaction of $697,212.88. Following the completion of the sale, the chief technology officer now directly 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 9,748 shares of company stock valued at $833,436. 37.10% of the stock is currently owned by company insiders.

Institutional Trading of TriNet Group

A number of institutional investors have recently bought and sold shares of TNET. GHE LLC lifted its stake in TriNet Group by 10.9% during the fourth quarter. GHE LLC now owns 31,565 shares of the business services provider’s stock worth $2,865,000 after purchasing an additional 3,091 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its holdings in shares of TriNet Group by 26.5% in the 4th 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 valued at $6,908,000 after buying an additional 15,963 shares in the last quarter. Woodline Partners LP purchased a new position in shares of TriNet Group in the 4th quarter valued at $4,182,000. Two Sigma Advisers LP raised its stake in TriNet Group by 50.7% during the 4th quarter. Two Sigma Advisers LP now owns 52,000 shares of the business services provider’s stock worth $4,720,000 after acquiring an additional 17,500 shares in the last quarter. Finally, Two Sigma Investments LP lifted its position in TriNet Group by 4.0% in 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 acquiring an additional 3,436 shares during the last quarter. 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.