TriNet Group (NYSE:TNET) Stock Passes Above 50 Day Moving Average – Time to Sell?

TriNet Group, Inc. (NYSE:TNET) crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of $59.47 and traded as high as $62.85. TriNet Group shares last traded at $60.9980, with a volume of 469,993 shares traded.

Analysts Set New Price Targets

TNET has been the subject of a number of recent research reports. JPMorgan Chase & Co. dropped their target price on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. TD Cowen cut their price target on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Truist Financial assumed coverage on shares of TriNet Group in a research report on Friday, December 5th. They issued a “hold” rating and a $62.00 price objective on the stock. Zacks Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Finally, UBS Group cut their target price on TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Five research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $63.50.

TriNet Group Stock Down 2.9%

The company’s 50 day moving average price is $59.47 and its two-hundred day moving average price is $62.92. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 8.14. The stock has a market cap of $2.93 billion, a P/E ratio of 22.51 and a beta of 0.82.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, topping the consensus estimate of $0.72 by $0.39. TriNet Group had a return on equity of 212.38% and a net margin of 2.64%.The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $261.92 million. During the same period last year, the business posted $1.17 EPS. TriNet Group’s quarterly revenue was down 1.6% on a year-over-year basis. As a group, research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 2nd were paid a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date was Friday, January 2nd. TriNet Group’s dividend payout ratio is 40.59%.

Insider Activity

In other news, SVP Anthony Shea Treadway sold 459 shares of TriNet Group stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $54.52, for a total value of $25,024.68. Following the transaction, the senior vice president owned 28,224 shares of the company’s stock, valued at $1,538,772.48. The trade was a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $61.86, for a total transaction of $47,941.50. Following the transaction, the senior vice president owned 19,853 shares of the company’s stock, valued at approximately $1,228,106.58. This trade represents a 3.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders sold 3,398 shares of company stock valued at $197,279. Corporate insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Massachusetts Financial Services Co. MA grew its stake in TriNet Group by 19.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after purchasing an additional 387,940 shares during the last quarter. Hsbc Holdings PLC lifted its holdings in shares of TriNet Group by 758.6% during the second quarter. Hsbc Holdings PLC now owns 35,247 shares of the business services provider’s stock worth $2,563,000 after purchasing an additional 31,142 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in TriNet Group by 90.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider’s stock valued at $47,441,000 after buying an additional 307,440 shares during the last quarter. Heron Bay Capital Management increased its holdings in TriNet Group by 28.2% in the 2nd quarter. Heron Bay Capital Management now owns 78,620 shares of the business services provider’s stock worth $5,750,000 after buying an additional 17,287 shares during the period. Finally, Entropy Technologies LP purchased a new position in TriNet Group during the 2nd quarter worth approximately $492,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Company Profile

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.