TriNet Group, Inc. (NYSE:TNET) to Issue Quarterly Dividend of $0.25

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Wednesday, September 18th, NASDAQ reports. Stockholders of record on Tuesday, October 1st will be paid a dividend of 0.25 per share by the business services provider on Monday, October 28th. This represents a $1.00 annualized dividend and a dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, October 1st.

TriNet Group has a dividend payout ratio of 14.6% meaning its dividend is sufficiently covered by earnings. Equities analysts expect TriNet Group to earn $5.67 per share next year, which means the company should continue to be able to cover its $1.00 annual dividend with an expected future payout ratio of 17.6%.

TriNet Group Stock Performance

Shares of TNET opened at $96.21 on Monday. The company has a market capitalization of $4.78 billion, a price-to-earnings ratio of 15.77 and a beta of 1.17. TriNet Group has a 52-week low of $91.59 and a 52-week high of $134.67. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84. The stock has a 50 day moving average price of $98.88 and a 200 day moving average price of $107.64.

TriNet Group (NYSE:TNET) last posted its earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share for the quarter, beating the consensus estimate of $0.98 by $0.29. The business had revenue of $310.00 million during the quarter, compared to the consensus estimate of $301.76 million. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. Research analysts predict that TriNet Group will post 5.13 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.96, for a total value of $482,161.68. Following the sale, the chief financial officer now directly owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other news, Director Paul Edward Chamberlain sold 375 shares of the business’s stock in a transaction on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total value of $39,937.50. Following the completion of the transaction, the director now directly owns 37,966 shares of the company’s stock, valued at $4,043,379. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the completion of the transaction, the chief financial officer now owns 82,409 shares in the company, valued at $8,484,830.64. The disclosure for this sale can be found here. 37.10% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts have recently commented on TNET shares. JPMorgan Chase & Co. reduced their price target on TriNet Group from $107.00 to $103.00 and set an “underweight” rating for the company in a report on Tuesday, August 20th. TD Cowen reduced their target price on TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a report on Monday, June 24th. Finally, Needham & Company LLC reaffirmed a “buy” rating and set a $140.00 price target on shares of TriNet Group in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $118.40.

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.