TriNet Group, Inc. (NYSE:TNET) Shares Sold by BNP Paribas Financial Markets

BNP Paribas Financial Markets trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 49.1% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 35,677 shares of the business services provider's stock after selling 34,467 shares during the quarter. BNP Paribas Financial Markets owned 0.07% of TriNet Group worth $4,243,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in TNET. Principal Securities Inc. bought a new stake in TriNet Group in the 4th quarter worth about $26,000. Baxter Bros Inc. boosted its position in TriNet Group by 1.1% in the fourth quarter. Baxter Bros Inc. now owns 20,615 shares of the business services provider's stock worth $2,452,000 after purchasing an additional 220 shares during the last quarter. Westover Capital Advisors LLC bought a new position in TriNet Group in the 4th quarter valued at $387,000. New York Life Investment Management LLC purchased a new stake in shares of TriNet Group during the 4th quarter valued at $694,000. Finally, Victory Capital Management Inc. raised its stake in shares of TriNet Group by 160.2% during the 4th quarter. Victory Capital Management Inc. now owns 22,746 shares of the business services provider's stock worth $2,705,000 after purchasing an additional 14,003 shares during the period. Institutional investors own 96.81% of the company's stock.

Insider Transactions at TriNet Group

In other news, Director Paul Edward Chamberlain sold 375 shares of the business's stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $101.02, for a total transaction of $37,882.50. Following the completion of the transaction, the director now owns 36,341 shares of the company's stock, valued at $3,671,167.82. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other TriNet Group news, CFO Kelly L. Tuminelli sold 4,396 shares of TriNet Group stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $122.67, for a total transaction of $539,257.32. Following the completion of the sale, the chief financial officer now owns 65,999 shares of the company's stock, valued at $8,096,097.33. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $101.02, for a total value of $37,882.50. Following the transaction, the director now owns 36,341 shares in the company, valued at $3,671,167.82. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 29,042 shares of company stock valued at $3,581,502. 37.10% of the stock is currently owned by company insiders.

TriNet Group Stock Performance

Shares of NYSE:TNET traded up $1.63 during midday trading on Tuesday, reaching $104.49. 286,130 shares of the company traded hands, compared to its average volume of 242,558. The firm's fifty day moving average price is $120.35 and its two-hundred day moving average price is $118.38. The firm has a market capitalization of $5.28 billion, a price-to-earnings ratio of 17.13 and a beta of 1.16. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 6.88. 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 released its quarterly earnings data on Friday, April 26th. The business services provider reported $1.86 EPS for the quarter, missing analysts' consensus estimates of $2.22 by ($0.36). TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. The firm had revenue of $357.00 million during the quarter, compared to the consensus estimate of $380.41 million. On average, equities analysts expect that TriNet Group, Inc. will post 4.78 earnings per share for the current year.

Analyst Ratings Changes

Several analysts have commented on TNET shares. TD Cowen lifted their price objective on shares of TriNet Group from $129.00 to $140.00 and gave the stock an "outperform" rating in a research report on Monday, March 4th. StockNews.com lowered TriNet Group from a "buy" rating to a "hold" rating in a report on Monday, April 29th. Stifel Nicolaus boosted their target price on TriNet Group from $117.00 to $121.00 and gave the company a "buy" rating in a research note on Friday, February 16th. Finally, Needham & Company LLC cut their price target on TriNet Group from $150.00 to $140.00 and set a "buy" rating for the company in a research note on Friday, April 26th. One analyst has rated the stock with a sell rating, three have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average 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.