TriNet Group (NYSE:TNET) Stock Rating Lowered by StockNews.com

TriNet Group (NYSE:TNET - Get Free Report) was downgraded by equities research analysts at StockNews.com from a "buy" rating to a "hold" rating in a research note issued on Monday.

TNET has been the subject of a number of other research reports. Needham & Company LLC reduced their price objective on TriNet Group from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Friday. Stifel Nicolaus lifted their price target on shares of TriNet Group from $117.00 to $121.00 and gave the company a "buy" rating in a research report on Friday, February 16th. Finally, TD Cowen boosted their price target on shares of TriNet Group from $129.00 to $140.00 and gave the company an "outperform" rating in a research note on Monday, March 4th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, TriNet Group currently has a consensus rating of "Hold" and a consensus target price of $117.50.

TriNet Group Stock Down 2.3 %

NYSE TNET traded down $2.41 on Monday, hitting $103.31. 596,457 shares of the company were exchanged, compared to its average volume of 233,981. The company has a current ratio of 1.05, a quick ratio of 1.05 and a debt-to-equity ratio of 12.62. The company has a market cap of $5.22 billion, a PE ratio of 16.94 and a beta of 1.09. The stock has a fifty day moving average of $127.52 and a 200-day moving average of $119.27. TriNet Group has a 12 month low of $87.20 and a 12 month high of $134.67.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.46. The firm had revenue of $326.00 million for the quarter, compared to analyst estimates of $300.36 million. TriNet Group had a net margin of 6.78% and a return on equity of 106.58%. As a group, analysts forecast that TriNet Group will post 5.79 earnings per share for the current year.

Insiders Place Their Bets

In related news, SVP Alexander G. Warren sold 2,385 shares of the business's stock in a transaction dated Tuesday, February 20th. The shares were sold at an average price of $123.07, for a total transaction of $293,521.95. Following the transaction, the senior vice president now directly owns 18,365 shares in the company, valued at $2,260,180.55. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, SVP Alexander G. Warren sold 2,385 shares of the stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total transaction of $293,521.95. Following the completion of the sale, the senior vice president now directly owns 18,365 shares of the company's stock, valued at $2,260,180.55. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Samantha Wellington sold 14,271 shares of the business's stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $124.88, for a total value of $1,782,162.48. Following the completion of the transaction, the executive vice president now directly owns 48,562 shares in the company, valued at approximately $6,064,422.56. The disclosure for this sale can be found here. Insiders have sold 31,052 shares of company stock valued at $3,837,142 in the last three months. 37.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TriNet Group

Several institutional investors have recently added to or reduced their stakes in TNET. Allspring Global Investments Holdings LLC raised its holdings in shares of TriNet Group by 18.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 23,462 shares of the business services provider's stock worth $3,109,000 after purchasing an additional 3,646 shares during the period. Oliver Luxxe Assets LLC raised its stake in shares of TriNet Group by 1.4% in the first quarter. Oliver Luxxe Assets LLC now owns 5,860 shares of the business services provider's stock valued at $776,000 after buying an additional 83 shares during the period. Ausbil Investment Management Ltd lifted its position in shares of TriNet Group by 11.3% during the 1st quarter. Ausbil Investment Management Ltd now owns 5,946 shares of the business services provider's stock valued at $787,000 after buying an additional 602 shares during the last quarter. Kapitalo Investimentos Ltda bought a new position in shares of TriNet Group during the 4th quarter worth $338,000. Finally, B. Riley Wealth Advisors Inc. purchased a new stake in TriNet Group in the 4th quarter worth about $309,000. Institutional investors own 96.81% of the company's stock.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. 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 benefits law compliance; and other HR related services.

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