TriNet Group (TNET) Earns Coverage Optimism Rating of 0.08

Media stories about TriNet Group (NYSE:TNET) have trended somewhat positive on Wednesday, Accern Sentiment Analysis reports. The research firm identifies positive and negative press coverage by analyzing more than 20 million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. TriNet Group earned a news sentiment score of 0.08 on Accern’s scale. Accern also assigned media coverage about the business services provider an impact score of 46.4582923064661 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the news headlines that may have impacted Accern’s rankings:

Several analysts have weighed in on TNET shares. BidaskClub upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 target price (up previously from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. Zacks Investment Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 21st. Morgan Stanley lowered shares of TriNet Group from an “equal weight” rating to an “underweight” rating and boosted their target price for the company from $27.00 to $31.00 in a research note on Tuesday, August 22nd. Finally, J P Morgan Chase & Co lowered shares of TriNet Group from a “neutral” rating to an “underweight” rating and boosted their target price for the company from $33.00 to $36.00 in a research note on Thursday, August 17th. Three equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $37.40.

Shares of TriNet Group (NYSE:TNET) opened at 34.79 on Wednesday. The company has a market cap of $2.41 billion, a price-to-earnings ratio of 23.38 and a beta of 2.89. TriNet Group has a 1-year low of $17.78 and a 1-year high of $41.58. The firm’s 50-day moving average is $34.71 and its 200 day moving average is $32.73.

TriNet Group (NYSE:TNET) last issued its earnings results on Monday, July 31st. The business services provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.27 by $0.18. The firm had revenue of $201.01 million during the quarter, compared to analysts’ expectations of $168.27 million. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. TriNet Group’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period last year, the business earned $0.27 earnings per share. Equities analysts expect that TriNet Group will post $1.49 EPS for the current fiscal year.

In other TriNet Group news, CEO Burton M. Goldfield sold 13,317 shares of the stock in a transaction on Monday, July 17th. The stock was sold at an average price of $32.91, for a total transaction of $438,262.47. Following the completion of the transaction, the chief executive officer now directly owns 31,225 shares in the company, valued at $1,027,614.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Edward Griese sold 3,494 shares of the stock in a transaction on Thursday, August 17th. The stock was sold at an average price of $35.45, for a total value of $123,862.30. Following the transaction, the vice president now owns 8,504 shares of the company’s stock, valued at $301,466.80. The disclosure for this sale can be found here. Insiders have sold 357,983 shares of company stock valued at $13,172,357 over the last quarter. Corporate insiders own 41.80% of the company’s stock.

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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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