TriNet Group Inc. (NYSE:TNET) insider William Porter sold 27,000 shares of the company’s stock in a transaction dated Wednesday, November 23rd. The stock was sold at an average price of $25.00, for a total transaction of $675,000.00. Following the completion of the sale, the insider now directly owns 527,724 shares of the company’s stock, valued at approximately $13,193,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

William Porter also recently made the following trade(s):

  • On Wednesday, October 5th, William Porter sold 6,000 shares of TriNet Group stock. The stock was sold at an average price of $22.00, for a total transaction of $132,000.00.

Shares of TriNet Group Inc. (NYSE:TNET) traded down 0.24% during midday trading on Monday, reaching $25.12. 304,614 shares of the company’s stock traded hands. TriNet Group Inc. has a 52-week low of $11.10 and a 52-week high of $25.40. The stock’s 50 day moving average price is $20.96 and its 200 day moving average price is $20.86. The firm has a market capitalization of $1.73 billion, a P/E ratio of 34.36 and a beta of 2.79.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Tuesday, November 1st. The company reported $0.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.27 by $0.02. TriNet Group had a return on equity of 270.14% and a net margin of 1.77%. The firm earned $770.50 million during the quarter, compared to analyst estimates of $152.36 million. During the same period in the prior year, the company posted $0.19 earnings per share. The business’s revenue for the quarter was up 15.3% compared to the same quarter last year. On average, equities research analysts anticipate that TriNet Group Inc. will post $1.19 EPS for the current fiscal year.

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

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cantillon Capital Management LLC raised its position in TriNet Group by 522.6% in the third quarter. Cantillon Capital Management LLC now owns 2,723,916 shares of the company’s stock valued at $58,919,000 after buying an additional 2,286,409 shares in the last quarter. JPMorgan Chase & Co. raised its position in TriNet Group by 233.0% in the second quarter. JPMorgan Chase & Co. now owns 889,392 shares of the company’s stock valued at $18,491,000 after buying an additional 622,273 shares in the last quarter. Manning & Napier Advisors LLC bought a new position in TriNet Group during the second quarter valued at about $10,215,000. Panagora Asset Management Inc. raised its position in TriNet Group by 192.6% in the second quarter. Panagora Asset Management Inc. now owns 611,697 shares of the company’s stock valued at $12,717,000 after buying an additional 402,611 shares in the last quarter. Finally, TimesSquare Capital Management LLC raised its position in TriNet Group by 21.1% in the third quarter. TimesSquare Capital Management LLC now owns 1,537,875 shares of the company’s stock valued at $33,264,000 after buying an additional 267,750 shares in the last quarter. Hedge funds and other institutional investors own 80.09% of the company’s stock.

TNET has been the subject of several research analyst reports. Piper Jaffray Cos. upped their price objective on shares of TriNet Group from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. Deutsche Bank AG upped their price objective on shares of TriNet Group from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. 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 report on Thursday, August 4th. They noted that the move was a valuation call. Jefferies Group upped their price objective on shares of TriNet Group from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, August 5th. Finally, 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 report on Saturday, August 6th. Four equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average 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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