TriNet Group (NYSE:TNET) Rating Reiterated by JPMorgan Chase & Co.

TriNet Group (NYSE:TNET)‘s stock had its “underweight” rating reiterated by JPMorgan Chase & Co. in a research report issued on Tuesday, Marketbeat reports. They presently have a $103.00 target price on the business services provider’s stock. JPMorgan Chase & Co.‘s target price suggests a potential upside of 10.36% from the company’s previous close.

TNET has been the topic of a number of other reports. Needham & Company LLC reissued a “buy” rating and issued a $140.00 target price on shares of TriNet Group in a research note on Wednesday, September 11th. TD Cowen cut their price target on TriNet Group from $132.00 to $118.00 and set a “buy” rating for the company in a report on Monday, June 24th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $118.40.

TriNet Group Stock Up 1.4 %

Shares of TNET opened at $93.33 on Tuesday. The stock has a 50 day moving average price of $97.18 and a 200 day moving average price of $103.34. TriNet Group has a one year low of $89.93 and a one year high of $134.67. The company has a debt-to-equity ratio of 9.84, a quick ratio of 1.04 and a current ratio of 1.04. The stock has a market capitalization of $4.72 billion, a price-to-earnings ratio of 15.30 and a beta of 1.17.

TriNet Group (NYSE:TNET) last released its earnings results on Friday, July 26th. The business services provider reported $1.27 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 net margin of 6.29% and a return on equity of 397.90%. Equities research analysts forecast that TriNet Group will post 5.13 earnings per share for the current fiscal year.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction that occurred 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 in the company, valued at approximately $4,043,379. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, CFO Kelly L. Tuminelli sold 4,683 shares of the business’s stock in a transaction that occurred on 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 trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction that occurred on Wednesday, July 31st. The stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the completion of the transaction, the director now owns 37,966 shares in the company, valued at approximately $4,043,379. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Corporate insiders own 37.10% of the company’s stock.

Institutional Trading of TriNet Group

Several institutional investors have recently added to or reduced their stakes in TNET. BNP Paribas Financial Markets boosted its position in shares of TriNet Group by 23.2% during the first quarter. BNP Paribas Financial Markets now owns 43,952 shares of the business services provider’s stock worth $5,823,000 after buying an additional 8,275 shares during the period. Wedge Capital Management L L P NC grew its position in TriNet Group by 14.5% in the 2nd quarter. Wedge Capital Management L L P NC now owns 163,600 shares of the business services provider’s stock valued at $16,360,000 after acquiring an additional 20,680 shares in the last quarter. Boston Partners grew its position in TriNet Group by 20.8% in the 1st quarter. Boston Partners now owns 108,157 shares of the business services provider’s stock valued at $14,319,000 after acquiring an additional 18,586 shares in the last quarter. Harbor Capital Advisors Inc. lifted its position in shares of TriNet Group by 276.7% during the second quarter. Harbor Capital Advisors Inc. now owns 9,439 shares of the business services provider’s stock worth $944,000 after purchasing an additional 6,933 shares in the last quarter. Finally, Van ECK Associates Corp boosted its stake in shares of TriNet Group by 108.1% in the first quarter. Van ECK Associates Corp now owns 49,289 shares of the business services provider’s stock valued at $6,531,000 after purchasing an additional 25,606 shares during the period. 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.