Insider Selling: TriNet Group Inc (NYSE:TNET) CEO Sells 17,809 Shares of Stock

TriNet Group Inc (NYSE:TNET) CEO Burton M. Goldfield sold 17,809 shares of the firm’s stock in a transaction that occurred on Monday, December 18th. The stock was sold at an average price of $43.52, for a total transaction of $775,047.68. Following the sale, the chief executive officer now owns 32,234 shares of the company’s stock, valued at $1,402,823.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

TriNet Group Inc (NYSE TNET) traded up $0.41 during trading on Friday, hitting $42.07. 280,474 shares of the stock were exchanged, compared to its average volume of 260,807. The company has a market cap of $2,894.76, a P/E ratio of 22.26 and a beta of 3.01. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.00. TriNet Group Inc has a fifty-two week low of $24.09 and a fifty-two week high of $45.25.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.30. The business had revenue of $205.90 million for the quarter, compared to the consensus estimate of $174.89 million. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. TriNet Group’s revenue for the quarter was up 27.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.29 EPS. equities research analysts anticipate that TriNet Group Inc will post 1.77 EPS for the current year.

A number of equities analysts recently commented on the stock. Zacks Investment Research raised shares of TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price objective for the company in a research note on Thursday, November 9th. BidaskClub raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Thursday, October 5th. Finally, Morgan Stanley raised their price objective on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have assigned a buy rating to the stock. TriNet Group presently has an average rating of “Hold” and a consensus target price of $38.00.

Institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its holdings in TriNet Group by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 5,417 shares of the business services provider’s stock worth $177,000 after acquiring an additional 813 shares during the period. BNP Paribas Arbitrage SA raised its holdings in TriNet Group by 596.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock worth $187,000 after acquiring an additional 4,886 shares during the period. SG Americas Securities LLC bought a new position in TriNet Group in the 2nd quarter worth $194,000. Sei Investments Co. raised its holdings in TriNet Group by 112.0% in the 3rd quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock worth $266,000 after acquiring an additional 4,181 shares during the period. Finally, ARP Americas LLC bought a new position in TriNet Group in the 3rd quarter worth $286,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

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About TriNet Group

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as 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.

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

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