TriNet Group Inc (NYSE:TNET) VP Edward Griese sold 1,141 shares of the business’s stock in a transaction on Monday, November 19th. The shares were sold at an average price of $44.22, for a total transaction of $50,455.02. Following the sale, the vice president now directly owns 31,316 shares of the company’s stock, valued at approximately $1,384,793.52. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website.
Shares of TNET stock opened at $44.24 on Tuesday. TriNet Group Inc has a 1 year low of $38.26 and a 1 year high of $60.15. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.13. The firm has a market cap of $3.15 billion, a PE ratio of 18.12 and a beta of 2.40.
TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Monday, October 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. TriNet Group had a net margin of 6.67% and a return on equity of 63.58%. The firm had revenue of $228.00 million during the quarter, compared to the consensus estimate of $202.65 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The company’s revenue for the quarter was up 11.2% compared to the same quarter last year. On average, sell-side analysts forecast that TriNet Group Inc will post 2.54 earnings per share for the current fiscal year.
Several hedge funds have recently modified their holdings of the company. Janus Henderson Group PLC boosted its holdings in TriNet Group by 13,569.2% in the 3rd quarter. Janus Henderson Group PLC now owns 816,463 shares of the business services provider’s stock worth $45,983,000 after buying an additional 810,490 shares during the period. Acadian Asset Management LLC bought a new position in TriNet Group in the 2nd quarter worth $37,832,000. BlackRock Inc. boosted its holdings in TriNet Group by 16.5% in the 2nd quarter. BlackRock Inc. now owns 3,052,180 shares of the business services provider’s stock worth $170,740,000 after buying an additional 432,894 shares during the period. Cantillon Capital Management LLC boosted its holdings in TriNet Group by 9.0% in the 2nd quarter. Cantillon Capital Management LLC now owns 4,514,891 shares of the business services provider’s stock worth $252,563,000 after buying an additional 374,286 shares during the period. Finally, Emerald Advisers Inc. PA boosted its holdings in TriNet Group by 183.0% in the 2nd quarter. Emerald Advisers Inc. PA now owns 291,055 shares of the business services provider’s stock worth $16,282,000 after buying an additional 188,215 shares during the period. 84.92% of the stock is owned by hedge funds and other institutional investors.
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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.
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