Somewhat Positive News Coverage Somewhat Unlikely to Impact TriNet Group (NYSE:TNET) Share Price

Headlines about TriNet Group (NYSE:TNET) have trended somewhat positive recently, Accern Sentiment Analysis reports. The research group rates the sentiment of media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. TriNet Group earned a coverage optimism score of 0.15 on Accern’s scale. Accern also assigned media stories about the business services provider an impact score of 43.9606461877145 out of 100, indicating that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.

Here are some of the media headlines that may have impacted Accern Sentiment’s analysis:

Several research firms recently issued reports on TNET. Credit Suisse Group assumed coverage on shares of TriNet Group in a report on Friday, August 10th. They issued a “neutral” rating and a $65.00 price target on the stock. Zacks Investment Research upgraded shares of TriNet Group from a “hold” rating to a “buy” rating and set a $61.00 target price for the company in a research note on Saturday, August 4th. Morgan Stanley boosted their target price on shares of TriNet Group from $51.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 31st. Finally, Stifel Nicolaus upped their price target on shares of TriNet Group from $64.00 to $66.00 and gave the stock a “buy” rating in a research report on Tuesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. TriNet Group presently has a consensus rating of “Buy” and an average price target of $61.75.

Shares of TNET opened at $54.55 on Friday. The stock has a market capitalization of $3.95 billion, a P/E ratio of 31.72 and a beta of 2.39. The company has a debt-to-equity ratio of 1.30, a current ratio of 1.18 and a quick ratio of 1.18. TriNet Group has a 52-week low of $32.73 and a 52-week high of $60.15.

TriNet Group (NYSE:TNET) last announced its earnings results on Monday, July 30th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.27. TriNet Group had a net margin of 6.54% and a return on equity of 74.08%. The firm had revenue of $220.00 million during the quarter, compared to analyst estimates of $208.41 million. During the same quarter in the prior year, the firm posted $0.52 EPS. TriNet Group’s revenue was up 9.5% compared to the same quarter last year. equities research analysts expect that TriNet Group will post 2.39 EPS for the current fiscal year.

In other news, SVP Brady Mickelsen sold 5,002 shares of the stock in a transaction that occurred on Friday, August 17th. The shares were sold at an average price of $57.02, for a total value of $285,214.04. Following the completion of the sale, the senior vice president now directly owns 61,583 shares of the company’s stock, valued at $3,511,462.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Edward Griese sold 3,830 shares of the stock in a transaction that occurred on Friday, August 17th. The stock was sold at an average price of $56.87, for a total transaction of $217,812.10. Following the completion of the sale, the vice president now directly owns 31,046 shares of the company’s stock, valued at $1,765,586.02. The disclosure for this sale can be found here. Insiders sold a total of 230,800 shares of company stock valued at $12,919,555 over the last three months. 38.90% of the stock is owned by corporate insiders.

About TriNet Group

TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services.

See Also: Return on Investment (ROI) Defined, Explained

Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply