Burton M. Goldfield sells 6,250 shares of TriNet Group, Inc. (NYSE: TNET)

TriNet Group, Inc. (NYSE:TNET – Get Rating) CEO Burton M. Goldfield sold 6,250 shares of TriNet Group in a trade dated Monday, September 26. The shares were sold at an average price of $72.34, for a total value of $452,125.00. As a result of the transaction, the CEO now owns 215,482 shares of the company, valued at approximately $15,587,967.88. The transaction was disclosed in a legal filing with the SEC, accessible via this hyperlink.

TriNet Group trades up 2.4%

NYSE TNET traded at $1.75 during Wednesday’s trading, hitting $73.30. 178,286 shares of the company have traded, compared to its average volume of 373,923. The company has a leverage ratio of 0.65, a current ratio of 1.24 and a quick ratio of 1.24. The stock has a fifty-day moving average of $82.49 and a two-hundred-day moving average of $83.80. The company has a market capitalization of $4.55 billion, a P/E ratio of 12.59 and a beta of 1.19. TriNet Group, Inc. has a 12-month low of $69.16 and a 12-month high of $109.40.

TriNet Group (NYSE:TNET – Get Rating) last released its quarterly results on Tuesday, July 26. The business services provider reported earnings per share (EPS) of $1.49 for the quarter, beating the consensus estimate of $0.95 by $0.54. The company posted revenue of $348.00 million in the quarter, versus analyst estimates of $299.68 million. TriNet Group achieved a return on equity of 49.91% and a net margin of 7.86%. As a group, sell-side analysts expect TriNet Group, Inc. to post EPS of 5.31 for the current year.

Analyst upgrades and downgrades

TNET has been the subject of several analyst reports. JPMorgan Chase & Co. downgraded TriNet Group from a “neutral” rating to an “underweight” rating and raised its price target for the company from $89.00 to $96.00 in a research note from the Tuesday August 16. StockNews.com downgraded TriNet Group from a “strong buy” rating to a “buy” rating in a Wednesday, July 27 research rating. Cowen launched coverage on TriNet Group in a research note on Thursday, September 8. They issued a “market performance” rating and a target price of $83.00 on the stock. Finally, Cowen launched coverage on TriNet Group in a research note on Thursday, September 8. They issued a “market performance” rating and a target price of $83.00 on the stock. One equity research analyst has assigned the stock a sell rating, three have assigned a hold rating and one has assigned the stock a buy rating. Based on data from MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and a consensus target price of $88.00.

Institutional negotiation of the TriNet group

Several hedge funds have recently changed their holdings in TNET. Catalyst Capital Advisors LLC bought a new position in shares of TriNet Group during Q1 worth $38,000. Captrust Financial Advisors increased its position in TriNet Group shares by 78.7% during the second quarter. Captrust Financial Advisors now owns 620 shares of the business services provider worth $48,000 after buying 273 additional shares in the last quarter. Institutional Venture Management XIV LLC bought a new stock position in TriNet Group during Q1 worth $50,000. Parallel Advisors LLC increased its position in TriNet Group shares by 4,961.5% during the 2nd quarter. Parallel Advisors LLC now owns 658 shares of the business services provider worth $51,000 after buying an additional 645 shares in the last quarter. Lastly, Banque Cantonale Vaudoise increased its position in TriNet Group shares by 20.5% during the second quarter. Banque Cantonale Vaudoise now owns 742 shares of the business services provider worth $58,000 after buying 126 more shares last quarter. 92.09% of the shares are held by hedge funds and other institutional investors.

TriNet Group Company Profile

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TriNet Group, Inc provides human resources (HR) solutions, payroll, employee benefits, and employment risk mitigation services for small and medium-sized businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefit programs, including health insurance and pension plans; workers’ compensation insurance and claims management; compliance with employment and benefits laws; and other human resource related services.

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Insider buying and selling by quarter for TriNet Group (NYSE:TNET)

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