Zacks Investment Research cut shares of TriNet Group Inc. (NYSE:TNET) from a hold rating to a strong sell rating in a research note issued to investors on Tuesday.

According to Zacks, “TriNet Group, Inc. is a provider of a comprehensive human resources solution for small to medium-sized businesses. It offers payroll, tax administration, risk protection, performance management, compensation consulting, and employee benefit plans. The Company serves banking and financial services, biotech and life sciences, technology, non-profits, professional services, venture capital, and advertising and marketing industries. TriNet Group, Inc. is headquartered in San Leandro, California. “

A number of other analysts have also recently commented on the stock. Jefferies Group upped 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. Morgan Stanley cut 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. Deutsche Bank AG upped 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. Finally, Piper Jaffray Cos. upped 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. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the company. TriNet Group currently has a consensus rating of Hold and an average price target of $22.33.

Analyst Recommendations for TriNet Group (NYSE:TNET)

TriNet Group (NYSE:TNET) opened at 20.47 on Tuesday. TriNet Group has a 12-month low of $11.10 and a 12-month high of $22.97. The company has a market cap of $1.44 billion, a P/E ratio of 35.91 and a beta of 2.73. The firm’s 50-day moving average price is $21.12 and its 200-day moving average price is $19.72.

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

In related news, CEO Burton M. Goldfield sold 55,000 shares of the firm’s stock in a transaction dated Thursday, July 14th. The shares were sold at an average price of $22.50, for a total value of $1,237,500.00. Following the completion of the sale, the chief executive officer now directly owns 107,050 shares in the company, valued at approximately $2,408,625. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP John W. Turner sold 5,000 shares of the firm’s stock in a transaction dated Tuesday, August 23rd. The shares were sold at an average price of $21.05, for a total transaction of $105,250.00. Following the completion of the sale, the vice president now owns 10,667 shares of the company’s stock, valued at $224,540.35. The disclosure for this sale can be found here. 42.40% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of TNET. Vanguard Group Inc. boosted its position in TriNet Group by 2.7% in the second quarter. Vanguard Group Inc. now owns 3,410,248 shares of the company’s stock valued at $70,898,000 after buying an additional 89,755 shares in the last quarter. River Road Asset Management LLC boosted its position in TriNet Group by 7.7% in the second quarter. River Road Asset Management LLC now owns 1,321,085 shares of the company’s stock valued at $27,465,000 after buying an additional 93,996 shares in the last quarter. BlackRock Institutional Trust Company N.A. boosted its position in TriNet Group by 3.1% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 1,034,032 shares of the company’s stock valued at $21,498,000 after buying an additional 31,107 shares in the last quarter. BlackRock Fund Advisors boosted its position in TriNet Group by 2.9% in the second quarter. BlackRock Fund Advisors now owns 1,011,040 shares of the company’s stock valued at $21,020,000 after buying an additional 28,023 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in TriNet Group by 2.4% in the second quarter. Royal Bank of Canada now owns 973,288 shares of the company’s stock valued at $20,234,000 after buying an additional 23,104 shares in the last quarter. Institutional investors and hedge funds own 78.91% of the company’s stock.

TriNet Group Company Profile

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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