Axa S.A. lowered its holdings in TriNet Group, Inc. (NYSE:TNET – Free Report) by 42.4% throughout the 2nd quarter, HoldingsChannel.com experiences. The institutional investor owned 36,743 shares of the enterprise companies supplier’s inventory after promoting 27,052 shares throughout the interval. Axa S.A.’s holdings in TriNet Group have been price $3,674,000 as of its most up-to-date submitting with the Securities & Change Fee.
A number of different institutional traders additionally just lately added to or lowered their stakes in TNET. Rothschild Funding LLC purchased a brand new place in TriNet Group within the 2nd quarter price roughly $45,000. Blue Belief Inc. elevated its place in TriNet Group by 24.9% within the 2nd quarter. Blue Belief Inc. now owns 522 shares of the enterprise companies supplier’s inventory price $52,000 after shopping for a further 104 shares throughout the interval. Avion Wealth elevated its place in TriNet Group by 19.2% within the 2nd quarter. Avion Wealth now owns 800 shares of the enterprise companies supplier’s inventory price $80,000 after shopping for a further 129 shares throughout the interval. LRI Investments LLC purchased a brand new place in TriNet Group within the 1st quarter price roughly $81,000. Lastly, Headlands Applied sciences LLC purchased a brand new place in TriNet Group within the 2nd quarter price roughly $93,000. 96.81% of the inventory is owned by institutional traders.
TriNet Group Inventory Efficiency
Shares of NYSE:TNET opened at $96.21 on Monday. The enterprise’s fifty day shifting common worth is $98.88 and its two-hundred day shifting common worth is $107.64. TriNet Group, Inc. has a fifty-two week low of $91.59 and a fifty-two week excessive of $134.67. The inventory has a market capitalization of $4.78 billion, a price-to-earnings ratio of 15.77 and a beta of 1.17. The corporate has a debt-to-equity ratio of 9.84, a present ratio of 1.04 and a fast ratio of 1.04.
TriNet Group (NYSE:TNET – Get Free Report) final introduced its quarterly earnings outcomes on Friday, July twenty sixth. The enterprise companies supplier reported $1.27 earnings per share for the quarter, beating analysts’ consensus estimates of $0.98 by $0.29. TriNet Group had a return on fairness of 397.90% and a web margin of 6.29%. The agency had income of $310.00 million for the quarter, in comparison with analysts’ expectations of $301.76 million. As a gaggle, analysts predict that TriNet Group, Inc. will put up 5.13 EPS for the present fiscal 12 months.
TriNet Group Dividend Announcement
The enterprise additionally just lately declared a quarterly dividend, which will likely be paid on Monday, October twenty eighth. Shareholders of report on Tuesday, October 1st will likely be given a $0.25 dividend. This represents a $1.00 dividend on an annualized foundation and a yield of 1.04%. The ex-dividend date is Tuesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is 16.39%.
Analysts Set New Worth Targets
TNET has been the subject of a number of current analysis experiences. Needham & Firm LLC reissued a “purchase” ranking and set a $140.00 worth goal on shares of TriNet Group in a report on Wednesday, September eleventh. TD Cowen decreased their worth goal on TriNet Group from $132.00 to $118.00 and set a “purchase” ranking on the inventory in a report on Monday, June twenty fourth. Lastly, JPMorgan Chase & Co. decreased their worth goal on TriNet Group from $107.00 to $103.00 and set an “underweight” ranking on the inventory in a report on Tuesday, August twentieth. One analyst has rated the inventory with a promote ranking, two have given a maintain ranking and 4 have assigned a purchase ranking to the inventory. In keeping with knowledge from MarketBeat.com, the corporate presently has a consensus ranking of “Maintain” and a consensus worth goal of $118.40.
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Insider Shopping for and Promoting at TriNet Group
In different TriNet Group information, CFO Kelly L. Tuminelli bought 4,683 shares of the corporate’s inventory in a transaction on Thursday, August twenty ninth. The inventory was bought at a median worth of $102.96, for a complete worth of $482,161.68. Following the sale, the chief monetary officer now straight owns 82,409 shares within the firm, valued at $8,484,830.64. The sale was disclosed in a doc filed with the Securities & Change Fee, which is accessible by means of this hyperlink. In different information, Director Paul Edward Chamberlain bought 375 shares of the inventory in a transaction on Wednesday, July thirty first. The inventory was bought at a median worth of $106.50, for a complete transaction of $39,937.50. Following the sale, the director now owns 37,966 shares within the firm, valued at $4,043,379. The sale was disclosed in a doc filed with the Securities & Change Fee, which is out there by means of the SEC web site. Additionally, CFO Kelly L. Tuminelli bought 4,683 shares of the inventory in a transaction on Thursday, August twenty ninth. The inventory was bought at a median worth of $102.96, for a complete worth of $482,161.68. Following the sale, the chief monetary officer now owns 82,409 shares within the firm, valued at roughly $8,484,830.64. The disclosure for this sale might be discovered right here. Firm insiders personal 37.10% of the corporate’s inventory.
TriNet Group Profile
TriNet Group, Inc supplies complete and versatile human capital administration companies for small and medium measurement companies in america. The corporate provides multi-state payroll processing and tax administration; worker advantages packages, together with medical health insurance and retirement plans; employees compensation insurance coverage and claims administration; employment and advantages legislation compliance; and different HR associated companies.
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