Media coverage about TriNet Group (NYSE:TNET) has been trending positive on Wednesday, Accern Sentiment reports. The research group identifies negative and positive media coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. TriNet Group earned a media sentiment score of 0.26 on Accern’s scale. Accern also gave media coverage about the business services provider an impact score of 47.6148339222593 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the news headlines that may have impacted Accern’s analysis:
- Zacks: Brokerages Expect TriNet Group Inc (TNET) to Post $0.64 Earnings Per Share (americanbankingnews.com)
- Trinet Group Inc (NYSE:TNET) Shorted Shares Increased 7.88% After Market Selling – The Louisville Oracle (louisvilleoracle.com)
- Form 4 TRINET GROUP INC For: Mar 08 Filed by: Murphy Michael P (streetinsider.com)
- Wayne B. Lowell Sells 10,000 Shares of TriNet Group Inc (TNET) Stock (americanbankingnews.com)
TriNet Group (TNET) remained flat at $$46.75 on Wednesday. The stock had a trading volume of 480,956 shares, compared to its average volume of 382,197. The company has a debt-to-equity ratio of 1.86, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market cap of $3,296.10, a price-to-earnings ratio of 18.78 and a beta of 2.54. TriNet Group has a 12-month low of $27.27 and a 12-month high of $49.00.
TriNet Group announced that its board has initiated a share repurchase plan on Tuesday, February 27th that authorizes the company to repurchase $120.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to buy shares of its stock through open market purchases. Shares repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.
Several equities analysts recently issued reports on the company. Zacks Investment Research raised TriNet Group from a “sell” rating to a “strong-buy” rating and set a $54.00 target price on the stock in a research note on Wednesday, March 7th. Stifel Nicolaus increased their target price on TriNet Group to $54.00 and gave the stock a “buy” rating in a research note on Wednesday, February 28th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. TriNet Group has a consensus rating of “Hold” and a consensus price target of $41.40.
In other TriNet Group news, Director Wayne B. Lowell sold 10,000 shares of the stock in a transaction dated Wednesday, March 7th. The stock was sold at an average price of $47.54, for a total value of $475,400.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Wayne B. Lowell sold 14,663 shares of the stock in a transaction dated Thursday, March 1st. The shares were sold at an average price of $45.67, for a total value of $669,659.21. Following the completion of the sale, the director now directly owns 7,588 shares in the company, valued at approximately $346,543.96. The disclosure for this sale can be found here. Insiders sold a total of 234,273 shares of company stock worth $10,327,173 in the last ninety days. 41.80% of the stock is owned by corporate 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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