TriNet Group, Inc. (NYSE:TNET – Get Free Report) Director Paul Edward Chamberlain sold 375 shares of the company’s 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 directly owns 37,966 shares of the company’s stock, valued at $4,043,379. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
TriNet Group Price Performance
NYSE TNET opened at $100.47 on Monday. TriNet Group, Inc. has a 12 month low of $96.76 and a 12 month high of $134.67. The firm has a market capitalization of $4.99 billion, a PE ratio of 16.47 and a beta of 1.19. The company’s 50 day simple moving average is $103.82 and its 200 day simple moving average is $114.07. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.06.
TriNet Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Investors of record on Monday, July 1st were paid a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a yield of 1.00%. The ex-dividend date was Monday, July 1st. TriNet Group’s dividend payout ratio is presently 16.39%.
Institutional Inflows and Outflows
Wall Street Analyst Weigh In
Several brokerages recently commented on TNET. TD Cowen dropped their target price on TriNet Group from $132.00 to $118.00 and set a “buy” rating on the stock in a report on Monday, June 24th. StockNews.com cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Finally, Needham & Company LLC restated a “buy” rating and issued a $140.00 target price on shares of TriNet Group in a research note on Monday, July 29th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $119.20.
Get Our Latest Stock Analysis on TNET
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.
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