TriNet Group, Inc. (NYSE:TNET) Director Wayne B. Lowell sold 20,000 shares of the stock in a transaction that occurred on Friday, August 4th. The stock was sold at an average price of $39.15, for a total value of $783,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TriNet Group, Inc. (NYSE TNET) traded down 0.08% during midday trading on Monday, reaching $39.68. The company had a trading volume of 278,923 shares. TriNet Group, Inc. has a one year low of $17.78 and a one year high of $41.58. The stock’s 50 day moving average is $33.08 and its 200 day moving average is $29.64. The company has a market capitalization of $2.75 billion, a PE ratio of 26.67 and a beta of 2.94.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The company had revenue of $201.01 million during the quarter, compared to the consensus estimate of $168.27 million. During the same period in the previous year, the business earned $0.27 earnings per share. The firm’s quarterly revenue was up 7.3% on a year-over-year basis. Equities research analysts forecast that TriNet Group, Inc. will post $1.47 earnings per share for the current fiscal year.

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A number of brokerages have recently issued reports on TNET. Stifel Nicolaus reissued a “buy” rating and issued a $44.00 target price (up from $37.00) on shares of TriNet Group in a report on Tuesday, August 1st. Zacks Investment Research raised TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 target price for the company in a report on Saturday. BidaskClub cut TriNet Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Finally, Deutsche Bank AG increased their target price on TriNet Group from $30.00 to $31.00 and gave the stock a “hold” rating in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average price target of $36.25.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Meeder Asset Management Inc. bought a new stake in shares of TriNet Group during the first quarter valued at approximately $153,000. Globeflex Capital L P bought a new stake in shares of TriNet Group during the first quarter valued at approximately $409,000. TimesSquare Capital Management LLC increased its stake in shares of TriNet Group by 3.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,583,160 shares of the business services provider’s stock valued at $45,753,000 after buying an additional 57,985 shares during the last quarter. Dynamic Technology Lab Private Ltd bought a new stake in shares of TriNet Group during the first quarter valued at approximately $434,000. Finally, Wellington Management Group LLP increased its stake in shares of TriNet Group by 9.4% in the first quarter. Wellington Management Group LLP now owns 4,970,312 shares of the business services provider’s stock valued at $143,643,000 after buying an additional 428,077 shares during the last quarter. Institutional investors and hedge funds own 52.96% of the company’s stock.

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.

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

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