Insider Selling: TriNet Group Inc (TNET) VP Sells 1,396 Shares of Stock

TriNet Group Inc (NYSE:TNET) VP Edward Griese sold 1,396 shares of the business’s stock in a transaction dated Friday, May 17th. The stock was sold at an average price of $61.00, for a total value of $85,156.00. Following the completion of the transaction, the vice president now owns 66,151 shares in the company, valued at approximately $4,035,211. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.

Edward Griese also recently made the following trade(s):

  • On Friday, May 3rd, Edward Griese sold 482 shares of TriNet Group stock. The stock was sold at an average price of $63.50, for a total value of $30,607.00.
  • On Monday, April 22nd, Edward Griese sold 1,403 shares of TriNet Group stock. The stock was sold at an average price of $59.20, for a total value of $83,057.60.
  • On Wednesday, April 3rd, Edward Griese sold 482 shares of TriNet Group stock. The stock was sold at an average price of $60.88, for a total value of $29,344.16.
  • On Wednesday, March 20th, Edward Griese sold 1,403 shares of TriNet Group stock. The stock was sold at an average price of $62.07, for a total value of $87,084.21.
  • On Monday, March 4th, Edward Griese sold 482 shares of TriNet Group stock. The stock was sold at an average price of $61.80, for a total value of $29,787.60.
  • On Wednesday, February 20th, Edward Griese sold 1,403 shares of TriNet Group stock. The stock was sold at an average price of $60.92, for a total value of $85,470.76.

TriNet Group stock traded down $1.53 during midday trading on Friday, hitting $61.10. The stock had a trading volume of 257,300 shares, compared to its average volume of 347,949. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The firm has a market cap of $4.30 billion, a P/E ratio of 23.77 and a beta of 2.12. TriNet Group Inc has a 12 month low of $38.74 and a 12 month high of $65.09.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Monday, April 29th. The business services provider reported $0.87 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01). The firm had revenue of $251.00 million during the quarter, compared to the consensus estimate of $233.65 million. TriNet Group had a net margin of 5.62% and a return on equity of 54.21%. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.80 earnings per share. As a group, equities research analysts anticipate that TriNet Group Inc will post 2.92 earnings per share for the current year.

Several brokerages recently weighed in on TNET. Zacks Investment Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 17th. JPMorgan Chase & Co. raised TriNet Group from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $53.00 to $60.00 in a report on Friday, February 15th. William Blair raised TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 price objective for the company in a report on Tuesday, February 12th. They noted that the move was a valuation call. Finally, ValuEngine raised TriNet Group from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $58.63.

A number of institutional investors have recently made changes to their positions in TNET. Advisory Services Network LLC grew its holdings in shares of TriNet Group by 1,385.3% during the fourth quarter. Advisory Services Network LLC now owns 1,411 shares of the business services provider’s stock valued at $59,000 after purchasing an additional 1,316 shares during the last quarter. Hilton Capital Management LLC bought a new position in shares of TriNet Group during the first quarter valued at approximately $79,000. Quantamental Technologies LLC bought a new position in shares of TriNet Group during the first quarter valued at approximately $100,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of TriNet Group by 21.9% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,039 shares of the business services provider’s stock valued at $127,000 after purchasing an additional 546 shares during the last quarter. Finally, NumerixS Investment Technologies Inc bought a new position in shares of TriNet Group during the first quarter valued at approximately $130,000. 87.58% of the stock is owned by hedge funds and other institutional investors.

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About TriNet Group

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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Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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