TriNet Group, Inc. (TNET) to Issue Quarterly Dividend of $0.25 on October 28th

TriNet Group, Inc. (NYSE:TNET) declared 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 dividend yield of 1.04%. The ex-dividend date of this dividend is Tuesday, October 1st.

TriNet Group has a payout ratio of 14.6% indicating that 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 Stock Up 0.6 %

NYSE TNET opened at $96.21 on Friday. The stock has a market cap of $4.78 billion, a PE ratio of 15.77 and a beta of 1.17. The business has a 50 day moving average price of $98.88 and a two-hundred day moving average price of $107.76. 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 fifty-two week low of $91.59 and a fifty-two week high of $134.67.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Friday, July 26th. The business services provider reported $1.27 EPS for the quarter, topping analysts’ consensus estimates of $0.98 by $0.29. The firm had revenue of $310.00 million for 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%. As a group, sell-side analysts predict that TriNet Group will post 5.13 EPS for the current fiscal year.

Insider Activity 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 stock was sold at an average price of $106.50, for a total transaction of $39,937.50. Following the sale, the director now owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director Paul Edward Chamberlain sold 375 shares of the company’s stock in a transaction that occurred 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 approximately $4,043,379. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction that occurred on 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 of the company’s stock, 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 research firms have recently commented on TNET. Needham & Company LLC reiterated a “buy” rating and set a $140.00 target price on shares of TriNet Group in a research note on Wednesday, September 11th. JPMorgan Chase & Co. reduced their price target on shares of TriNet Group from $107.00 to $103.00 and set an “underweight” rating on the stock in a research report on Tuesday, August 20th. Finally, TD Cowen lowered 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. 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 stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $118.40.

TriNet Group Company Profile

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.