Needham & Company LLC Reiterates “Hold” Rating for TriNet Group (NYSE:TNET)

TriNet Group (NYSE:TNET)‘s stock had its “hold” rating reissued by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports.

A number of other brokerages have also recently weighed in on TNET. JPMorgan Chase & Co. reissued an “underweight” rating and set a $103.00 target price on shares of TriNet Group in a report on Tuesday, October 22nd. TD Cowen boosted their price objective on shares of TriNet Group from $92.00 to $104.00 and gave the company a “buy” rating in a research report on Wednesday, November 20th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $117.00.

TriNet Group Stock Down 14.7 %

NYSE:TNET opened at $78.58 on Friday. The company has a debt-to-equity ratio of 7.70, a quick ratio of 1.07 and a current ratio of 1.07. The company has a market capitalization of $3.90 billion, a price-to-earnings ratio of 15.14 and a beta of 1.21. TriNet Group has a one year low of $74.32 and a one year high of $134.67. The stock has a 50-day simple moving average of $91.91 and a 200 day simple moving average of $94.02.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, February 13th. The business services provider reported $0.27 EPS for the quarter, topping the consensus estimate of $0.25 by $0.02. TriNet Group had a return on equity of 248.94% and a net margin of 5.29%. Sell-side analysts predict that TriNet Group will post 4.14 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 7,784 shares of the firm’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $89.57, for a total value of $697,212.88. Following the sale, the chief technology officer now directly owns 21,769 shares in the company, valued at $1,949,849.33. This trade represents a 26.34 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders have sold a total of 11,942 shares of company stock valued at $1,083,506 in the last quarter. Company insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. TD Private Client Wealth LLC raised its stake in shares of TriNet Group by 25.5% during the third quarter. TD Private Client Wealth LLC now owns 595 shares of the business services provider’s stock valued at $58,000 after purchasing an additional 121 shares in the last quarter. IFP Advisors Inc raised its position in shares of TriNet Group by 45.5% during the 4th quarter. IFP Advisors Inc now owns 767 shares of the business services provider’s stock worth $71,000 after buying an additional 240 shares in the last quarter. KBC Group NV raised its position in shares of TriNet Group by 26.5% during the 3rd quarter. KBC Group NV now owns 950 shares of the business services provider’s stock worth $92,000 after buying an additional 199 shares in the last quarter. Avion Wealth lifted its stake 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 acquiring an additional 140 shares during the period. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of TriNet Group by 118.8% in the fourth quarter. PNC Financial Services Group Inc. now owns 1,446 shares of the business services provider’s stock valued at $131,000 after acquiring an additional 785 shares in the last quarter. Institutional investors 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.