Zacks Investment Research upgraded shares of TriNet Group (NYSE:TNET) from a sell rating to a hold rating in a report published 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. “

A number of other brokerages also recently commented on TNET. Morgan Stanley upped their price objective on shares of TriNet Group from $31.00 to $32.00 and gave the stock an underweight rating in a research report on Friday, November 3rd. BidaskClub upgraded shares of TriNet Group from a hold rating to a buy rating in a research report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $38.00.

TriNet Group (TNET) opened at $39.80 on Wednesday. The company has a market cap of $2,779.41, a price-to-earnings ratio of 21.06 and a beta of 2.78. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.18 and a current ratio of 1.18. TriNet Group has a 12-month low of $24.47 and a 12-month high of $45.25.

In other TriNet Group news, Director Martin Babinec sold 36,500 shares of the company’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $44.21, for a total transaction of $1,613,665.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Burton M. Goldfield sold 24,676 shares of the company’s stock in a transaction on Friday, November 17th. The stock was sold at an average price of $42.40, for a total transaction of $1,046,262.40. Following the transaction, the chief executive officer now owns 28,589 shares of the company’s stock, valued at approximately $1,212,173.60. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 178,663 shares of company stock valued at $7,739,446. 42.40% of the stock is owned by insiders.

Large investors have recently bought and sold shares of the company. Suntrust Banks Inc. acquired a new position in shares of TriNet Group during the 4th quarter worth $218,000. Intrust Bank NA acquired a new position in shares of TriNet Group during the 4th quarter worth $231,000. Sei Investments Co. grew its stake in shares of TriNet Group by 112.0% during the 3rd quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock worth $266,000 after purchasing an additional 4,181 shares during the period. ARP Americas LLC acquired a new position in shares of TriNet Group during the 3rd quarter worth $286,000. Finally, Capital Fund Management S.A. grew its stake in shares of TriNet Group by 25.6% during the 4th quarter. Capital Fund Management S.A. now owns 10,800 shares of the business services provider’s stock worth $479,000 after purchasing an additional 2,200 shares during the period. 58.01% of the stock is currently owned by institutional investors and hedge funds.

WARNING: This piece was originally published by The Cerbat Gem and is owned by of The Cerbat Gem. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.thecerbatgem.com/2018/02/11/trinet-group-tnet-upgraded-to-hold-by-zacks-investment-research.html.

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.

Get a free copy of the Zacks research report on TriNet Group (TNET)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter.