TriNet Group Inc (NYSE:TNET) Director Purchases $3,363,840.00 in Stock

TriNet Group Inc (NYSE:TNET) Director L.P. Agi-T bought 64,000 shares of TriNet Group stock in a transaction dated Wednesday, February 12th. The shares were acquired at an average cost of $52.56 per share, for a total transaction of $3,363,840.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TNET stock traded up $10.16 during midday trading on Friday, hitting $61.00. The stock had a trading volume of 2,010,262 shares, compared to its average volume of 388,054. The firm has a market cap of $3.87 billion, a price-to-earnings ratio of 22.51 and a beta of 1.85. The business has a 50-day moving average of $56.63 and a two-hundred day moving average of $59.74. TriNet Group Inc has a 52-week low of $48.69 and a 52-week high of $76.92. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.23 and a quick ratio of 1.23.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 13th. The business services provider reported $0.84 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.84. The company had revenue of $226.00 million for the quarter, compared to analysts’ expectations of $225.73 million. TriNet Group had a return on equity of 44.11% and a net margin of 5.14%. Research analysts predict that TriNet Group Inc will post 2.92 earnings per share for the current year.

A number of hedge funds have recently modified their holdings of the stock. Point72 Asset Management L.P. boosted its holdings in TriNet Group by 366.7% in the third quarter. Point72 Asset Management L.P. now owns 1,400 shares of the business services provider’s stock worth $87,000 after acquiring an additional 1,100 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its holdings in TriNet Group by 143.6% in the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,949 shares of the business services provider’s stock worth $133,000 after acquiring an additional 1,149 shares in the last quarter. NumerixS Investment Technologies Inc boosted its holdings in TriNet Group by 1,173.0% in the fourth quarter. NumerixS Investment Technologies Inc now owns 2,546 shares of the business services provider’s stock worth $144,000 after acquiring an additional 2,346 shares in the last quarter. Advisory Services Network LLC boosted its holdings in TriNet Group by 372.4% in the fourth quarter. Advisory Services Network LLC now owns 3,373 shares of the business services provider’s stock worth $191,000 after acquiring an additional 2,659 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new stake in TriNet Group in the fourth quarter worth $221,000. 88.36% of the stock is currently owned by institutional investors.

Several equities research analysts recently weighed in on the company. ValuEngine raised TriNet Group from a “strong sell” rating to a “sell” rating in a research note on Wednesday. Credit Suisse Group set a $52.00 price target on TriNet Group and gave the stock a “hold” rating in a research note on Friday, October 25th. Finally, William Blair reaffirmed an “outperform” rating on shares of TriNet Group in a research note on Friday, October 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $68.50.

TriNet Group Company Profile

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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Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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