Zacks Investment Research cut shares of TriNet Group, Inc. (NYSE:TNET) from a hold rating to a sell rating in a research note released on Wednesday.

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. “

TNET has been the topic of a number of other reports. BidaskClub cut TriNet Group from a buy rating to a hold rating in a research note on Thursday, September 14th. J P Morgan Chase & Co cut TriNet Group from a neutral rating to an underweight rating and upped their price target for the stock from $33.00 to $36.00 in a research note on Thursday, August 17th. Stifel Nicolaus restated a buy rating and set a $44.00 price target (up from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. Finally, Morgan Stanley cut TriNet Group from an equal weight rating to an underweight rating and upped their price target for the stock from $27.00 to $31.00 in a research note on Tuesday, August 22nd. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $37.40.

Shares of TriNet Group (TNET) traded down 0.26% during midday trading on Wednesday, reaching $34.93. The company’s stock had a trading volume of 213,330 shares. TriNet Group has a one year low of $17.78 and a one year high of $41.58. The company has a market capitalization of $2.42 billion, a P/E ratio of 23.47 and a beta of 2.89. The stock’s 50-day moving average is $34.89 and its 200-day moving average is $32.54.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. The company had revenue of $201.01 million for the quarter, compared to analysts’ expectations of $168.27 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The firm’s revenue was up 7.3% compared to the same quarter last year. On average, equities analysts expect that TriNet Group will post $1.49 earnings per share for the current fiscal year.

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In other news, SVP Brady Mickelsen sold 4,744 shares of the stock in a transaction on Monday, August 21st. The stock was sold at an average price of $35.73, for a total value of $169,503.12. Following the sale, the senior vice president now directly owns 38,842 shares in the company, valued at $1,387,824.66. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Burton M. Goldfield sold 2,694 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $33.94, for a total value of $91,434.36. Following the completion of the sale, the chief executive officer now owns 31,225 shares in the company, valued at $1,059,776.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 388,487 shares of company stock worth $14,115,445. Insiders own 42.40% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Ameritas Investment Partners Inc. acquired a new stake in shares of TriNet Group in the first quarter valued at $105,000. Envestnet Asset Management Inc. raised its stake in shares of TriNet Group by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock valued at $119,000 after acquiring an additional 483 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of TriNet Group by 18.6% in the first quarter. Victory Capital Management Inc. now owns 4,604 shares of the business services provider’s stock valued at $133,000 after acquiring an additional 723 shares in the last quarter. Meeder Asset Management Inc. acquired a new stake in shares of TriNet Group in the first quarter valued at $153,000. Finally, BNP Paribas Arbitrage SA raised its stake in shares of TriNet Group by 596.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock valued at $187,000 after acquiring an additional 4,886 shares in the last quarter. Institutional investors and hedge funds own 54.58% of the company’s stock.

TriNet Group Company Profile

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as 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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