Shares of TriNet Group Inc (NYSE:TNET) have received a consensus rating of “Hold” from the seven research firms that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price objective among analysts that have covered the stock in the last year is $56.36.
Several equities research analysts have recently commented on the stock. Zacks Investment Research lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Friday, February 8th. ValuEngine upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a report on Friday, February 15th. William Blair upgraded shares of TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 price target for the company in a report on Tuesday, February 12th. They noted that the move was a valuation call. Finally, JPMorgan Chase & Co. upgraded shares of TriNet Group from an “underweight” rating to a “neutral” rating and boosted their price target for the company from $53.00 to $60.00 in a report on Friday, February 15th.
In other TriNet Group news, CEO Burton M. Goldfield sold 7,500 shares of TriNet Group stock in a transaction that occurred on Monday, March 18th. The shares were sold at an average price of $61.02, for a total transaction of $457,650.00. Following the completion of the sale, the chief executive officer now directly owns 336,251 shares in the company, valued at approximately $20,518,036.02. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Martin Babinec sold 30,000 shares of TriNet Group stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $60.35, for a total transaction of $1,810,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders sold 190,344 shares of company stock worth $11,768,785. Insiders own 37.00% of the company’s stock.
A number of large investors have recently bought and sold shares of 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 worth $59,000 after buying an additional 1,316 shares in the last quarter. Hilton Capital Management LLC acquired a new stake in TriNet Group in the first quarter valued at approximately $79,000. Quantamental Technologies LLC acquired a new stake in TriNet Group in the first quarter valued at approximately $100,000. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in TriNet Group by 21.9% in 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 purchased a new position in shares of TriNet Group during the first quarter worth approximately $130,000. Institutional investors own 87.58% of the company’s stock.
Shares of TNET opened at $62.49 on Thursday. TriNet Group has a 1-year low of $38.74 and a 1-year high of $65.09. The stock has a market cap of $4.35 billion, a P/E ratio of 24.32 and a beta of 2.12. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.18 and a quick ratio of 1.18.
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 analysts’ consensus estimates of $0.88 by ($0.01). TriNet Group had a net margin of 5.62% and a return on equity of 54.21%. The company had revenue of $251.00 million for the quarter, compared to the consensus estimate of $233.65 million. During the same quarter in the previous year, the business earned $0.80 EPS. The company’s quarterly revenue was up 14.1% compared to the same quarter last year. Research analysts forecast that TriNet Group will post 2.92 EPS for the current fiscal year.
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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