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.
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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