TriNet Group Inc (TNET) VP Edward Griese Sells 1,141 Shares

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.

TNET has been the subject of a number of recent research reports. ValuEngine downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Thursday, November 1st. Credit Suisse Group initiated coverage on shares of TriNet Group in a research report on Friday, August 10th. They set a “neutral” rating and a $65.00 price objective for the company. Stifel Nicolaus boosted their price objective on shares of TriNet Group from $64.00 to $66.00 and gave the company a “buy” rating in a research report on Tuesday, July 31st. Morgan Stanley boosted their price objective on shares of TriNet Group from $51.00 to $55.00 and gave the company a “hold” rating in a research report on Tuesday, July 31st. Finally, Zacks Investment Research raised shares of TriNet Group from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a research report on Saturday, August 4th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $59.00.

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

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