TriNet Group, Inc. (NYSE:TNET) SVP Brady Mickelsen sold 4,744 shares of the firm’s stock in a transaction dated Friday, November 17th. The stock was sold at an average price of $42.73, for a total transaction of $202,711.12. Following the sale, the senior vice president now directly owns 29,392 shares in the company, valued at $1,255,920.16. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Brady Mickelsen also recently made the following trade(s):

  • On Monday, August 21st, Brady Mickelsen sold 4,744 shares of TriNet Group stock. The stock was sold at an average price of $35.73, for a total transaction of $169,503.12.

Shares of TriNet Group, Inc. (TNET) opened at $43.16 on Monday. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18. TriNet Group, Inc. has a 12-month low of $23.37 and a 12-month high of $43.66. The stock has a market cap of $2,998.98, a P/E ratio of 26.16 and a beta of 2.88.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.30. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The business had revenue of $205.90 million for the quarter, compared to analysts’ expectations of $174.89 million. During the same period last year, the company earned $0.29 earnings per share. The company’s quarterly revenue was up 27.9% on a year-over-year basis. analysts anticipate that TriNet Group, Inc. will post 1.77 EPS for the current fiscal year.

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Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. boosted its position in shares of TriNet Group by 17.7% in the second quarter. Victory Capital Management Inc. now owns 5,417 shares of the business services provider’s stock worth $177,000 after acquiring an additional 813 shares during the last quarter. BNP Paribas Arbitrage SA raised its holdings in 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 buying an additional 4,886 shares during the period. SG Americas Securities LLC purchased a new position in TriNet Group in the second quarter valued at approximately $194,000. Pitcairn Co. purchased a new position in TriNet Group in the second quarter valued at approximately $201,000. Finally, Sei Investments Co. raised its holdings in TriNet Group by 112.0% in the third quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock valued at $266,000 after buying an additional 4,181 shares during the period. 53.95% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research note on Thursday, November 9th. BidaskClub raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Morgan Stanley raised their price target on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. J P Morgan Chase & Co cut shares of TriNet Group from a “neutral” rating to an “underweight” rating and raised their price target for the stock from $33.00 to $36.00 in a research note on Thursday, August 17th. Finally, Stifel Nicolaus reaffirmed 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. Two research analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $38.00.

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.

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

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