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

TriNet Group, Inc. (NYSE:TNET) announced a quarterly dividend on Wednesday, September 18th, NASDAQ reports. Investors of record on Tuesday, October 1st will be given 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 yield of 1.02%. The ex-dividend date of this dividend is Tuesday, October 1st.

TriNet Group has a dividend payout ratio of 14.5% meaning its dividend is sufficiently covered by earnings. 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 Trading Up 0.8 %

Shares of TNET stock traded up $0.76 during trading hours on Thursday, hitting $98.41. 150,849 shares of the company’s stock traded hands, compared to its average volume of 275,376. The stock has a market cap of $4.89 billion, a PE ratio of 16.01 and a beta of 1.17. The stock’s 50 day simple moving average is $100.28 and its 200 day simple moving average is $109.04. The company has a quick ratio of 1.04, a current ratio of 1.04 and a debt-to-equity ratio of 9.84. TriNet Group has a 12 month low of $91.59 and a 12 month high of $134.67.

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

Insider Transactions at TriNet Group

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

Analyst Upgrades and Downgrades

TNET has been the topic of several analyst reports. JPMorgan Chase & Co. reduced their target price on TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a report on Tuesday, August 20th. TD Cowen decreased their price objective on shares of TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a research report on Monday, June 24th. Finally, Needham & Company LLC restated a “buy” rating and issued a $140.00 target price on shares of TriNet Group in a report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, TriNet Group has an average rating of “Hold” and an average price target 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.