TriNet Group (NYSE:TNET) Shares Gap Down – Should You Sell?

TriNet Group, Inc. (NYSE:TNET)’s stock price gapped down prior to trading on Thursday . The stock had previously closed at $92.13, but opened at $86.97. TriNet Group shares last traded at $81.99, with a volume of 115,224 shares traded.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on TNET shares. JPMorgan Chase & Co. reaffirmed an “underweight” rating and issued a $103.00 price objective on shares of TriNet Group in a report on Tuesday, October 22nd. TD Cowen upped their target price on TriNet Group from $92.00 to $104.00 and gave the stock a “buy” rating in a research report on Wednesday, November 20th. Finally, Needham & Company LLC cut TriNet Group from a “buy” rating to a “hold” rating and set a $140.00 price target on the stock. in a research report on Monday, October 28th. One research analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $117.00.

TriNet Group Price Performance

The company has a market cap of $4.05 billion, a price-to-earnings ratio of 15.74 and a beta of 1.21. The company’s 50 day moving average price is $91.91 and its 200-day moving average price is $94.02. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.27 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.25 by $0.02. TriNet Group had a net margin of 5.29% and a return on equity of 248.94%. On average, equities research analysts forecast that TriNet Group, Inc. will post 4.14 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, January 27th. Investors of record on Thursday, January 2nd were given a $0.25 dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.23%. TriNet Group’s dividend payout ratio (DPR) is 19.27%.

Insiders Place Their Bets

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of TriNet Group stock in a transaction on Monday, January 13th. The stock was sold at an average price of $89.57, for a total transaction 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. The trade was a 26.34 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. In the last quarter, insiders have sold 11,942 shares of company stock worth $1,083,506. Company insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

A number of large investors have recently made changes to their positions in TNET. Creative Planning lifted its position in TriNet Group by 62.1% in the 2nd quarter. Creative Planning now owns 3,557 shares of the business services provider’s stock worth $356,000 after buying an additional 1,362 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of TriNet Group in the 3rd quarter valued at approximately $412,000. Hunter Perkins Capital Management LLC bought a new position in TriNet Group during the third quarter valued at approximately $285,000. GHP Investment Advisors Inc. raised its position in TriNet Group by 5.0% during the third quarter. GHP Investment Advisors Inc. now owns 45,543 shares of the business services provider’s stock valued at $4,416,000 after acquiring an additional 2,152 shares in the last quarter. Finally, DekaBank Deutsche Girozentrale lifted its stake in TriNet Group by 5.3% in the third quarter. DekaBank Deutsche Girozentrale now owns 33,743 shares of the business services provider’s stock valued at $3,200,000 after acquiring an additional 1,700 shares during the last quarter. Institutional investors and hedge funds 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.