TriNet Group Inc. (NYSE:TNET) VP John W. Turner sold 5,000 shares of the firm’s stock in a transaction on Wednesday, October 5th. The shares were sold at an average price of $21.85, for a total transaction of $109,250.00. Following the completion of the transaction, the vice president now directly owns 9,167 shares of the company’s stock, valued at approximately $200,298.95. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.

Shares of TriNet Group Inc. (NYSE:TNET) opened at 20.99 on Monday. The firm has a market cap of $1.47 billion, a PE ratio of 36.82 and a beta of 2.73. TriNet Group Inc. has a 1-year low of $11.10 and a 1-year high of $22.97. The stock’s 50 day moving average is $21.14 and its 200-day moving average is $19.57.

TriNet Group (NYSE:TNET) last released its earnings results on Monday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.02. TriNet Group had a net margin of 1.43% and a return on equity of 439.36%. The company had revenue of $745.80 million for the quarter, compared to the consensus estimate of $148.11 million. During the same quarter in the previous year, the company earned $0.14 EPS. TriNet Group’s quarterly revenue was up 16.5% compared to the same quarter last year. Analysts expect that TriNet Group Inc. will post $1.16 earnings per share for the current year.

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

Several hedge funds and other institutional investors have recently added to or reduced their stakes in TNET. Teacher Retirement System of Texas increased its position in TriNet Group by 23.6% in the second quarter. Teacher Retirement System of Texas now owns 5,895 shares of the company’s stock worth $123,000 after buying an additional 1,127 shares during the last quarter. Legal & General Group Plc increased its position in TriNet Group by 31.9% in the first quarter. Legal & General Group Plc now owns 9,275 shares of the company’s stock valued at $131,000 after buying an additional 2,245 shares during the last quarter. Principal Financial Group Inc. acquired a new position in TriNet Group during the second quarter valued at $205,000. Menta Capital LLC acquired a new position in TriNet Group during the first quarter valued at $250,000. Finally, Sterling Ridge Capital Management LP acquired a new position in TriNet Group during the first quarter valued at $264,000. Institutional investors own 78.91% of the company’s stock.

A number of research analysts have recently commented on the stock. Zacks Investment Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating and set a $24.00 price objective for the company in a research report on Saturday, August 6th. Jefferies Group lifted their price objective on shares of TriNet Group from $17.00 to $20.00 and gave the company a “hold” rating in a research report on Friday, August 5th. Deutsche Bank AG lifted their price objective on shares of TriNet Group from $20.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday, August 2nd. Piper Jaffray Cos. lifted their price objective on shares of TriNet Group from $18.00 to $21.00 and gave the company a “neutral” rating in a research report on Tuesday, August 2nd. Finally, Morgan Stanley downgraded shares of TriNet Group from an “overweight” rating to an “equal weight” rating and set a $22.00 price objective for the company. in a research report on Thursday, August 4th. They noted that the move was a valuation call. Four equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus target price of $22.33.

About TriNet Group

TriNet Group, Inc (TriNet) is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s human resource solutions include offerings, such as multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; federal, state and local labor, employment and benefit law compliance; risk mitigation, including employment practices claims management; expense and time management, and human capital consulting.

5 Day Chart for NYSE:TNET

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