TriNet Group, Inc. (NYSE:TNET) has received an average recommendation of “Hold” from the seven analysts that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $38.00.

TNET has been the topic of a number of analyst reports. Zacks Investment Research raised shares of TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 target price on the stock in a report on Thursday, November 9th. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Morgan Stanley increased their price target on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Finally, J P Morgan Chase & Co lowered shares of TriNet Group from a “neutral” rating to an “underweight” rating and increased their price target for the stock from $33.00 to $36.00 in a report on Thursday, August 17th.

In related news, Director Martin Babinec sold 36,500 shares of the 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 transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Burton M. Goldfield sold 2,694 shares of the stock in a transaction on Monday, September 18th. The shares were sold at an average price of $33.94, for a total transaction of $91,434.36. Following the transaction, the chief executive officer now directly owns 31,225 shares in the company, valued at approximately $1,059,776.50. The disclosure for this sale can be found here. Insiders sold a total of 168,040 shares of company stock worth $6,673,294 in the last three months. Insiders own 42.40% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. grew its holdings in shares of TriNet Group by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock valued at $149,661,000 after purchasing an additional 342,250 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TriNet Group by 9.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,119,615 shares of the business services provider’s stock valued at $37,644,000 after purchasing an additional 92,991 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of TriNet Group by 70.6% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 965,930 shares of the business services provider’s stock valued at $32,475,000 after purchasing an additional 399,745 shares during the last quarter. FMR LLC grew its holdings in shares of TriNet Group by 58.7% during the 2nd quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock valued at $29,695,000 after purchasing an additional 335,381 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of TriNet Group by 5.3% during the 2nd quarter. State Street Corp now owns 832,811 shares of the business services provider’s stock valued at $27,265,000 after purchasing an additional 41,959 shares during the last quarter. 56.52% of the stock is currently owned by institutional investors.

TriNet Group (NYSE:TNET) traded up $0.35 during trading on Thursday, reaching $44.15. 304,329 shares of the company were exchanged, compared to its average volume of 302,990. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.00. The company has a market cap of $3,033.03, a price-to-earnings ratio of 26.45 and a beta of 3.02. TriNet Group has a twelve month low of $23.91 and a twelve month high of $45.11.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.30. The business had revenue of $205.90 million for the quarter, compared to analyst estimates of $174.89 million. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. TriNet Group’s revenue was up 27.9% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.29 EPS. research analysts anticipate that TriNet Group will post 1.77 earnings per share for the current year.

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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.

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