William Blair Upgrades TriNet Group (TNET) to “Outperform”

TriNet Group (NYSE:TNET) was upgraded by research analysts at William Blair from a “market perform” rating to an “outperform” rating in a report issued on Tuesday, The Fly reports.

A number of other research firms have also recently commented on TNET. Zacks Investment Research cut shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Friday. ValuEngine upgraded shares of TriNet Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Finally, Credit Suisse Group set a $54.00 price target on shares of TriNet Group and gave the company a “hold” rating in a report on Tuesday, October 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $56.75.

Shares of TNET opened at $46.80 on Tuesday. The stock has a market capitalization of $3.26 billion, a price-to-earnings ratio of 27.21 and a beta of 2.05. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.20 and a current ratio of 1.20. TriNet Group has a fifty-two week low of $38.74 and a fifty-two week high of $60.15.

In related news, VP Edward Griese sold 1,141 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $44.22, for a total transaction of $50,455.02. Following the transaction, the vice president now owns 31,316 shares in the company, valued at $1,384,793.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Burton M. Goldfield sold 21,734 shares of the stock in a transaction that occurred on Monday, November 19th. The shares were sold at an average price of $44.22, for a total transaction of $961,077.48. Following the transaction, the chief executive officer now owns 204,933 shares in the company, valued at approximately $9,062,137.26. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 164,175 shares of company stock worth $7,231,523. 38.90% of the stock is owned by insiders.

Institutional investors have recently modified their holdings of the stock. Atairos Group Inc. bought a new stake in shares of TriNet Group during the 4th quarter valued at $864,822,000. Cadian Capital Management LP raised its position in shares of TriNet Group by 33.3% during the 4th quarter. Cadian Capital Management LP now owns 6,205,020 shares of the business services provider’s stock valued at $120,067,000 after purchasing an additional 1,550,348 shares during the period. Vanguard Group Inc. raised its position in shares of TriNet Group by 1.4% during the 3rd quarter. Vanguard Group Inc. now owns 5,282,898 shares of the business services provider’s stock valued at $297,532,000 after purchasing an additional 72,091 shares during the period. Vanguard Group Inc raised its position in shares of TriNet Group by 1.4% during the 3rd quarter. Vanguard Group Inc now owns 5,282,898 shares of the business services provider’s stock valued at $297,532,000 after purchasing an additional 72,091 shares during the period. Finally, Wellington Management Group LLP grew its stake in TriNet Group by 9.4% during 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 acquiring an additional 428,077 shares in the last quarter. Institutional investors own 85.21% of the company’s stock.

TriNet Group Company Profile

TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers 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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