TriNet Group (TNET) Receiving Somewhat Favorable News Coverage, Analysis Finds

Media headlines about TriNet Group (NYSE:TNET) have trended somewhat positive on Saturday, according to Accern Sentiment. Accern rates the sentiment of news coverage by monitoring more than twenty million blog and news sources in real time. 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 0.12 on Accern’s scale. Accern also assigned media headlines about the business services provider an impact score of 45.9567842212393 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.

These are some of the news stories that may have effected Accern Sentiment Analysis’s scoring:

TriNet Group (NYSE TNET) opened at 35.42 on Friday. The company’s 50-day moving average is $35.21 and its 200 day moving average is $30.71. The stock has a market capitalization of $2.46 billion, a PE ratio of 23.80 and a beta of 2.94. TriNet Group has a 12-month low of $17.78 and a 12-month high of $41.58.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. The business had revenue of $201.01 million during the quarter, compared to analyst estimates of $168.27 million. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. TriNet Group’s revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS. On average, equities research analysts expect that TriNet Group will post $1.48 earnings per share for the current fiscal year.

A number of research analysts have recently issued reports on TNET shares. Zacks Investment Research cut shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Stifel Nicolaus lifted their price objective on shares of TriNet Group from $34.00 to $37.00 and gave the company a “buy” rating in a report on Wednesday, May 3rd. Deutsche Bank AG lifted their price objective on shares of TriNet Group from $30.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. BidaskClub upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a report on Thursday, June 15th. Finally, J P Morgan Chase & Co cut shares of TriNet Group from a “neutral” rating to an “underweight” rating and lifted their price objective for the company from $33.00 to $36.00 in a report on Thursday. One analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. TriNet Group currently has an average rating of “Buy” and a consensus target price of $39.00.

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In other news, VP Edward Griese sold 3,494 shares of the firm’s stock in a transaction dated Thursday, August 17th. The shares were sold at an average price of $35.45, for a total transaction of $123,862.30. Following the sale, the vice president now owns 8,504 shares of the company’s stock, valued at approximately $301,466.80. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Martin Babinec sold 111,855 shares of the firm’s stock in a transaction dated Friday, August 11th. The shares were sold at an average price of $37.75, for a total transaction of $4,222,526.25. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 477,218 shares of company stock valued at $16,809,545. 42.40% of the stock is owned by company insiders.

TriNet Group Company Profile

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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