TriNet Group, Inc. (NYSE:TNET) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued to clients and investors on Tuesday.

Several other brokerages have also recently weighed in on TNET. Deutsche Bank AG upped their price target on TriNet Group from $30.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Stifel Nicolaus upped their price objective on shares of TriNet Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research report on Wednesday, May 3rd. Zacks Investment Research cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, TheStreet upgraded shares of TriNet Group from a “c” rating to a “b” rating in a research report on Monday, March 27th. Six equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $26.86.

Shares of TriNet Group (NYSE TNET) traded up 0.84% during midday trading on Tuesday, reaching $33.50. 182,771 shares of the company’s stock were exchanged. The company has a market cap of $2.30 billion, a P/E ratio of 30.51 and a beta of 2.93. The firm has a 50 day moving average price of $32.43 and a 200 day moving average price of $29.23. TriNet Group has a 12 month low of $17.78 and a 12 month high of $34.00.

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In related news, Director Martin Babinec sold 48,300 shares of the firm’s stock in a transaction on Wednesday, June 21st. The stock was sold at an average price of $32.17, for a total value of $1,553,811.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Burton M. Goldfield sold 42,839 shares of the firm’s stock in a transaction on Thursday, May 11th. The stock was sold at an average price of $30.99, for a total value of $1,327,580.61. Following the completion of the sale, the chief executive officer now directly owns 18,801 shares of the company’s stock, valued at approximately $582,642.99. The disclosure for this sale can be found here. In the last three months, insiders have sold 336,996 shares of company stock valued at $10,765,081. Insiders own 41.80% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Cantillon Capital Management LLC raised its stake in shares of TriNet Group by 522.6% in the third quarter. Cantillon Capital Management LLC now owns 2,723,916 shares of the business services provider’s stock worth $58,919,000 after buying an additional 2,286,409 shares during the last quarter. Cadian Capital Management LP raised its stake in shares of TriNet Group by 33.3% in the fourth quarter. Cadian Capital Management LP now owns 6,205,020 shares of the business services provider’s stock worth $120,067,000 after buying an additional 1,550,348 shares during the last quarter. Arrowpoint Asset Management LLC raised its stake in shares of TriNet Group by 20.4% in the fourth quarter. Arrowpoint Asset Management LLC now owns 4,915,192 shares of the business services provider’s stock worth $125,927,000 after buying an additional 831,353 shares during the last quarter. Macquarie Group Ltd. raised its stake in shares of TriNet Group by 1,275.3% in the fourth quarter. Macquarie Group Ltd. now owns 687,870 shares of the business services provider’s stock worth $17,623,000 after buying an additional 637,853 shares during the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of TriNet Group by 233.0% in the second quarter. JPMorgan Chase & Co. now owns 889,392 shares of the business services provider’s stock worth $18,491,000 after buying an additional 622,273 shares during the last quarter. 53.14% of the stock is owned by institutional investors.

About TriNet Group

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.

Analyst Recommendations for TriNet Group (NYSE:TNET)

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