TriNet Group (TNET) Receiving Somewhat Positive Media Coverage, Analysis Finds
Press coverage about TriNet Group (NYSE:TNET) has been trending somewhat positive on Saturday, Accern reports. Accern identifies positive and negative press coverage by reviewing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriNet Group earned a news impact score of 0.16 on Accern’s scale. Accern also gave news stories about the business services provider an impact score of 44.9763987401221 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
- TriNet Presents: Juggle the Struggle in Irvine (finance.yahoo.com)
- Zacks: Brokerages Anticipate TriNet Group, Inc. (TNET) Will Post Quarterly Sales of $174.76 Million (americanbankingnews.com)
- TriNet Group, Inc. (TNET) Director Sells $4,222,526.25 in Stock (americanbankingnews.com)
- TriNet Group, Inc. (TNET) Director Sells $1,757,323.52 in Stock (americanbankingnews.com)
- Insider Selling: TriNet Group, Inc. (TNET) Director Sells 39,456 Shares of Stock (americanbankingnews.com)
TriNet Group (NYSE:TNET) traded up 0.48% on Friday, hitting $37.37. The stock had a trading volume of 292,710 shares. TriNet Group has a 1-year low of $17.78 and a 1-year high of $41.58. The firm has a market capitalization of $2.59 billion, a price-to-earnings ratio of 25.11 and a beta of 2.94. The stock’s 50-day moving average is $34.59 and its 200 day moving average is $30.30.
TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.18. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. The company had revenue of $201.01 million for the quarter, compared to analysts’ expectations of $168.27 million. During the same quarter in the prior year, the firm earned $0.27 earnings per share. TriNet Group’s revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts predict that TriNet Group will post $1.48 earnings per share for the current fiscal year.
Several equities research analysts have weighed in on TNET shares. BidaskClub upgraded TriNet Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Zacks Investment Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a report on Saturday, August 5th. Stifel Nicolaus reiterated a “buy” rating on shares of TriNet Group in a report on Friday, April 14th. Finally, Deutsche Bank AG increased their price objective on TriNet Group from $30.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, May 3rd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. TriNet Group presently has a consensus rating of “Buy” and an average target price of $36.25.
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In related news, CEO Burton M. Goldfield sold 13,317 shares of the stock in a transaction that occurred on Monday, July 17th. The stock was sold at an average price of $32.91, for a total value of $438,262.47. Following the transaction, the chief executive officer now owns 31,225 shares of the company’s stock, valued at $1,027,614.75. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, VP Edward Griese sold 4,175 shares of the stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $30.95, for a total value of $129,216.25. Following the completion of the transaction, the vice president now directly owns 2,254 shares in the company, valued at approximately $69,761.30. The disclosure for this sale can be found here. In the last three months, insiders sold 449,372 shares of company stock worth $15,813,110. 42.40% of the stock is owned by insiders.
About TriNet Group
TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.
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