TriNet Group, Inc. (NYSE:TNET) CEO Burton M. Goldfield sold 4,492 shares of the stock in a transaction on Tuesday, October 3rd. The shares were sold at an average price of $35.05, for a total value of $157,444.60. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TriNet Group, Inc. (TNET) traded down 0.26% during midday trading on Thursday, reaching $34.93. The company had a trading volume of 213,330 shares. The company has a 50-day moving average of $34.89 and a 200-day moving average of $32.54. TriNet Group, Inc. has a 12-month low of $17.78 and a 12-month high of $41.58. The stock has a market capitalization of $2.42 billion, a PE ratio of 23.47 and a beta of 2.89.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 during the quarter, compared to analysts’ expectations of $168.27 million. During the same quarter in the previous year, the business earned $0.27 earnings per share. The company’s revenue was up 7.3% on a year-over-year basis. On average, analysts predict that TriNet Group, Inc. will post $1.49 EPS for the current fiscal year.

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Several hedge funds have recently bought and sold shares of the company. Alps Advisors Inc. raised its stake in shares of TriNet Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 16,389 shares of the business services provider’s stock worth $537,000 after purchasing an additional 43 shares during the last quarter. Envestnet Asset Management Inc. raised its stake in shares of TriNet Group by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock worth $119,000 after purchasing an additional 483 shares during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of TriNet Group by 0.7% in the second quarter. PNC Financial Services Group Inc. now owns 108,778 shares of the business services provider’s stock worth $3,562,000 after purchasing an additional 716 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of TriNet Group by 18.6% in the first quarter. Victory Capital Management Inc. now owns 4,604 shares of the business services provider’s stock worth $133,000 after purchasing an additional 723 shares during the last quarter. Finally, American International Group Inc. raised its stake in shares of TriNet Group by 7.1% in the first quarter. American International Group Inc. now owns 25,946 shares of the business services provider’s stock worth $750,000 after purchasing an additional 1,717 shares during the last quarter. Hedge funds and other institutional investors own 54.58% of the company’s stock.

A number of equities research analysts recently commented on the company. BidaskClub raised TriNet Group from a “hold” rating to a “buy” rating in a research report on Thursday. Zacks Investment Research lowered TriNet Group from a “hold” rating to a “sell” rating in a research report on Wednesday. J P Morgan Chase & Co lowered TriNet Group from a “neutral” rating to an “underweight” rating and increased their price target for the company from $33.00 to $36.00 in a research report on Thursday, August 17th. Morgan Stanley lowered TriNet Group from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $27.00 to $31.00 in a research report on Tuesday, August 22nd. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $44.00 price target (up from $37.00) on shares of TriNet Group in a research report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, one has issued a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $37.40.

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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