TriNet Group (NYSE:TNET) Hits New 12-Month Low – Time to Sell?

Shares of TriNet Group, Inc. (NYSE:TNET) hit a new 52-week low during mid-day trading on Monday . The company traded as low as $65.43 and last traded at $67.06, with a volume of 101326 shares. The stock had previously closed at $66.51.

Analysts Set New Price Targets

TNET has been the subject of a number of recent analyst reports. TD Cowen cut TriNet Group from a “buy” rating to a “hold” rating and dropped their price objective for the company from $104.00 to $74.00 in a report on Tuesday, February 18th. Needham & Company LLC reissued a “hold” rating on shares of TriNet Group in a research note on Friday, February 14th.

TriNet Group Trading Up 4.0 %

The stock’s 50-day moving average price is $88.52 and its 200 day moving average price is $92.49. The company has a debt-to-equity ratio of 13.16, a current ratio of 1.07 and a quick ratio of 1.07. The firm has a market capitalization of $3.56 billion, a PE ratio of 20.99 and a beta of 1.21.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data 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. The company had revenue of $252.00 million for the quarter, compared to analysts’ expectations of $225.72 million. TriNet Group had a return on equity of 200.82% and a net margin of 3.46%. On average, sell-side analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 27th. Stockholders of record on Thursday, January 2nd were given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.39%. The ex-dividend date of this dividend was Thursday, January 2nd. TriNet Group’s payout ratio is 29.24%.

Insider Activity at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 7,784 shares of the 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 transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 37.10% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in TNET. Wealthfront Advisers LLC bought a new position in TriNet Group in the fourth quarter worth about $456,581,000. Vanguard Group Inc. grew its position in shares of TriNet Group by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 2,992,008 shares of the business services provider’s stock worth $271,585,000 after buying an additional 36,216 shares during the last quarter. Capital Research Global Investors raised its stake in shares of TriNet Group by 98.2% during the 4th quarter. Capital Research Global Investors now owns 2,822,839 shares of the business services provider’s stock worth $256,229,000 after acquiring an additional 1,398,573 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its position in TriNet Group by 18.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 1,898,005 shares of the business services provider’s stock valued at $172,282,000 after acquiring an additional 289,071 shares during the last quarter. Finally, Wellington Management Group LLP boosted its stake in TriNet Group by 23.1% in the fourth quarter. Wellington Management Group LLP now owns 1,626,902 shares of the business services provider’s stock valued at $147,674,000 after acquiring an additional 305,165 shares in the last quarter. 96.81% of the stock is currently 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.