Alexander G. Warren Sells 1,867 Shares of TriNet Group, Inc. (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) SVP Alexander G. Warren sold 1,867 shares of the stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $103.74, for a total transaction of $193,682.58. Following the transaction, the senior vice president now owns 32,661 shares in the company, valued at $3,388,252.14. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TriNet Group Trading Up 0.5 %

NYSE TNET opened at $107.31 on Friday. The company has a fifty day simple moving average of $119.18 and a two-hundred day simple moving average of $118.22. The stock has a market cap of $5.43 billion, a P/E ratio of 17.59 and a beta of 1.16. TriNet Group, Inc. has a 12-month low of $87.20 and a 12-month high of $134.67. The company has a current ratio of 1.06, a quick ratio of 1.06 and a debt-to-equity ratio of 6.88.

TriNet Group (NYSE:TNET) last issued its earnings results on Friday, April 26th. The business services provider reported $1.86 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.22 by ($0.36). TriNet Group had a return on equity of 124.38% and a net margin of 6.78%. The business had revenue of $357.00 million for the quarter, compared to analysts’ expectations of $380.41 million. On average, analysts forecast that TriNet Group, Inc. will post 4.78 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the business. LRI Investments LLC purchased a new position in shares of TriNet Group during the first quarter worth $81,000. Jane Street Group LLC raised its holdings in shares of TriNet Group by 67.7% during the first quarter. Jane Street Group LLC now owns 1,149,929 shares of the business services provider’s stock worth $152,354,000 after purchasing an additional 464,289 shares during the last quarter. Jacobs Levy Equity Management Inc. raised its holdings in shares of TriNet Group by 2.2% during the first quarter. Jacobs Levy Equity Management Inc. now owns 375,593 shares of the business services provider’s stock worth $49,762,000 after purchasing an additional 8,204 shares during the last quarter. Earnest Partners LLC increased its holdings in TriNet Group by 19.8% in the first quarter. Earnest Partners LLC now owns 898,335 shares of the business services provider’s stock valued at $119,020,000 after buying an additional 148,779 shares in the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in TriNet Group by 960.6% in the first quarter. Price T Rowe Associates Inc. MD now owns 236,003 shares of the business services provider’s stock valued at $31,269,000 after buying an additional 213,752 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

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