TriNet Group Inc (TNET) CEO Burton M. Goldfield Sells 23,486 Shares

TriNet Group Inc (NYSE:TNET) CEO Burton M. Goldfield sold 23,486 shares of TriNet Group stock in a transaction that occurred on Friday, May 17th. The stock was sold at an average price of $60.99, for a total value of $1,432,411.14. Following the sale, the chief executive officer now owns 336,809 shares in the company, valued at $20,541,980.91. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Shares of TNET opened at $61.10 on Friday. The company has a market capitalization of $4.28 billion, a PE ratio of 23.77 and a beta of 2.12. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. TriNet Group Inc has a 52 week low of $38.74 and a 52 week high of $65.09.

TriNet Group (NYSE:TNET) last issued its earnings results on Monday, April 29th. The business services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $233.65 million. TriNet Group had a return on equity of 54.21% and a net margin of 5.62%. TriNet Group’s revenue was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.80 EPS. Equities analysts expect that TriNet Group Inc will post 2.92 earnings per share for the current year.

Several equities research analysts have issued reports on the company. Zacks Investment Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. upgraded TriNet Group from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $53.00 to $60.00 in a report on Friday, February 15th. William Blair upgraded TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 target price for the company in a research report on Tuesday, February 12th. They noted that the move was a valuation call. Finally, ValuEngine upgraded TriNet Group from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Four analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $58.63.

Several institutional investors and hedge funds have recently modified their holdings of TNET. Advisory Services Network LLC grew its position in shares of TriNet Group by 1,385.3% in the 4th quarter. Advisory Services Network LLC now owns 1,411 shares of the business services provider’s stock worth $59,000 after acquiring an additional 1,316 shares in the last quarter. Hilton Capital Management LLC acquired a new position in shares of TriNet Group in the 1st quarter worth approximately $79,000. Quantamental Technologies LLC acquired a new position in shares of TriNet Group in the 1st quarter worth approximately $100,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of TriNet Group by 21.9% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,039 shares of the business services provider’s stock worth $127,000 after acquiring an additional 546 shares in the last quarter. Finally, NumerixS Investment Technologies Inc acquired a new position in shares of TriNet Group in the 1st quarter worth approximately $130,000. Institutional investors own 87.58% of the company’s stock.

TRADEMARK VIOLATION NOTICE: “TriNet Group Inc (TNET) CEO Burton M. Goldfield Sells 23,486 Shares” was originally posted by WKRB News and is the sole property of of WKRB News. If you are accessing this article on another website, it was copied illegally and republished in violation of US and international copyright and trademark laws. The legal version of this article can be viewed at https://www.wkrb13.com/2019/05/19/trinet-group-inc-tnet-ceo-burton-m-goldfield-sells-23486-shares.html.

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.

Read More: Coverage Ratio

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.