TriNet Group, Inc. (NYSE:TNET) CEO Burton M. Goldfield sold 24,676 shares of TriNet Group stock in a transaction that occurred on Thursday, August 17th. The shares were sold at an average price of $35.29, for a total transaction of $870,816.04. Following the transaction, the chief executive officer now directly owns 30,707 shares in the company, valued at approximately $1,083,650.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TriNet Group, Inc. (NYSE TNET) traded down 0.08% during trading on Friday, hitting $35.31. 34,297 shares of the stock traded hands. The stock has a market cap of $2.45 billion, a P/E ratio of 23.73 and a beta of 2.94. TriNet Group, Inc. has a 52-week low of $17.78 and a 52-week high of $41.58. The stock has a 50 day moving average price of $35.13 and a 200-day moving average price of $30.63.

TriNet Group (NYSE:TNET) last announced its earnings results on Monday, July 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $201.01 million for the quarter, compared to analyst estimates of $168.27 million. During the same quarter last year, the firm posted $0.27 EPS. The business’s revenue was up 7.3% on a year-over-year basis. On average, analysts anticipate that TriNet Group, Inc. will post $1.48 EPS for the current fiscal year.

COPYRIGHT VIOLATION NOTICE: This piece was posted by American Banking News and is the sole property of of American Banking News. If you are viewing this piece on another domain, it was stolen and reposted in violation of international trademark & copyright laws. The correct version of this piece can be viewed at https://www.americanbankingnews.com/2017/08/18/burton-m-goldfield-sells-24676-shares-of-trinet-group-inc-tnet-stock.html.

TNET has been the topic of several analyst reports. BidaskClub raised shares of TriNet Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Zacks Investment Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 price target on the stock in a report on Saturday, August 5th. Deutsche Bank AG lifted their price target on shares of TriNet Group from $30.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price target (up previously from $37.00) on shares of TriNet Group in a report on Tuesday, August 1st. Finally, J P Morgan Chase & Co downgraded shares of TriNet Group from a “neutral” rating to an “underweight” rating in a report on Thursday. One research analyst has rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.25.

Several hedge funds and other institutional investors have recently made changes to their positions in TNET. Dynamic Technology Lab Private Ltd acquired a new position in shares of TriNet Group during the first quarter worth about $434,000. Globeflex Capital L P purchased a new position in shares of TriNet Group during the first quarter worth $409,000. Bank of America Corp DE raised its position in shares of TriNet Group by 21.2% in the first quarter. Bank of America Corp DE now owns 213,234 shares of the business services provider’s stock worth $6,162,000 after buying an additional 37,295 shares during the last quarter. Swiss National Bank raised its position in shares of TriNet Group by 3.1% in the first quarter. Swiss National Bank now owns 69,300 shares of the business services provider’s stock worth $2,003,000 after buying an additional 2,100 shares during the last quarter. Finally, Teachers Advisors LLC raised its position in shares of TriNet Group by 123.4% in the fourth quarter. Teachers Advisors LLC now owns 175,545 shares of the business services provider’s stock worth $4,497,000 after buying an additional 96,971 shares during the last quarter. Hedge funds and other institutional investors own 52.87% 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)

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