TriNet Group Inc (NYSE:TNET) CEO Burton M. Goldfield sold 17,809 shares of the company’s stock in a transaction on Wednesday, January 17th. The shares were sold at an average price of $41.78, for a total value of $744,060.02. Following the completion of the sale, the chief executive officer now directly owns 32,234 shares in the company, valued at approximately $1,346,736.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
Shares of TriNet Group Inc (NYSE TNET) traded up $1.21 during trading hours on Friday, hitting $43.43. The stock had a trading volume of 305,568 shares, compared to its average volume of 287,092. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18. TriNet Group Inc has a twelve month low of $24.09 and a twelve month high of $45.25. The stock has a market capitalization of $3,020.00, a P/E ratio of 22.98 and a beta of 3.01.
TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.30. TriNet Group had a return on equity of 156.96% and a net margin of 4.15%. The business had revenue of $205.90 million for the quarter, compared to the consensus estimate of $174.89 million. During the same period in the prior year, the business earned $0.29 earnings per share. The business’s revenue was up 27.9% on a year-over-year basis. sell-side analysts forecast that TriNet Group Inc will post 1.77 EPS for the current year.
Several analysts have recently issued reports on the company. BidaskClub downgraded TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Zacks Investment Research downgraded TriNet Group from a “hold” rating to a “sell” rating in a research report on Wednesday, October 4th. Finally, Morgan Stanley upped their price objective on TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $38.00.
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.
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