Insider Selling: TriNet Group, Inc. (NYSE:TNET) SVP Sells 1,867 Shares of Stock

TriNet Group, Inc. (NYSE:TNET - Get Free Report) SVP Alexander G. Warren sold 1,867 shares of the business's stock in a transaction on Monday, May 20th. The shares were sold at an average price of $103.74, for a total transaction of $193,682.58. Following the completion of the transaction, the senior vice president now owns 32,661 shares in the company, valued at approximately $3,388,252.14. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

TriNet Group Stock Up 2.2 %

Shares of NYSE:TNET traded up $2.29 during midday trading on Wednesday, hitting $106.76. 373,168 shares of the company's stock were exchanged, compared to its average volume of 244,516. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.06. The stock has a 50 day moving average price of $119.95 and a 200-day moving average price of $118.38. The company has a market cap of $5.40 billion, a PE ratio of 17.08 and a beta of 1.16. TriNet Group, Inc. has a 12 month low of $87.20 and a 12 month high of $134.67.

TriNet Group (NYSE:TNET - Get Free Report) last posted its earnings results on Friday, April 26th. The business services provider reported $1.86 EPS for the quarter, missing the consensus estimate of $2.22 by ($0.36). The business had revenue of $357.00 million for the quarter, compared to the consensus estimate of $380.41 million. TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. On average, sell-side analysts anticipate that TriNet Group, Inc. will post 4.78 EPS for the current fiscal year.

Institutional Investors Weigh In On TriNet Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Vanguard Group Inc. increased its position in shares of TriNet Group by 1.9% during the first quarter. Vanguard Group Inc. now owns 2,838,347 shares of the business services provider's stock worth $376,053,000 after acquiring an additional 52,240 shares in the last quarter. Jane Street Group LLC grew its position in TriNet Group by 67.7% in the 1st quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider's stock worth $152,354,000 after purchasing an additional 464,289 shares in the last quarter. Earnest Partners LLC grew its position in TriNet Group by 19.8% in the 1st quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider's stock worth $119,020,000 after purchasing an additional 148,779 shares in the last quarter. Massachusetts Financial Services Co. MA grew its position in TriNet Group by 11.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 897,009 shares of the business services provider's stock worth $106,681,000 after purchasing an additional 89,797 shares in the last quarter. Finally, Fuller & Thaler Asset Management Inc. grew its position in TriNet Group by 2.7% in the 3rd quarter. Fuller & Thaler Asset Management Inc. now owns 871,125 shares of the business services provider's stock worth $101,469,000 after purchasing an additional 23,194 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on TNET shares. Needham & Company LLC dropped their target price on shares of TriNet Group from $150.00 to $140.00 and set a "buy" rating on the stock in a report on Friday, April 26th. StockNews.com downgraded shares of TriNet Group from a "buy" rating to a "hold" rating in a research note on Monday, April 29th. TD Cowen lifted 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. Finally, 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 note on Friday, February 16th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $117.50.

About TriNet Group

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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