TriNet Group Inc (NYSE:TNET) insider Michael P. Murphy sold 837 shares of the firm’s stock in a transaction on Tuesday, February 20th. The shares were sold at an average price of $40.86, for a total value of $34,199.82. Following the transaction, the insider now owns 19,444 shares in the company, valued at $794,481.84. The sale was disclosed in a document filed with the SEC, which is available at this link.
TriNet Group Inc (NYSE TNET) opened at $41.38 on Thursday. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.18 and a current ratio of 1.18. TriNet Group Inc has a 52 week low of $25.55 and a 52 week high of $45.25. The firm has a market capitalization of $2,880.00, a price-to-earnings ratio of 21.89 and a beta of 2.78.
Large investors have recently modified their holdings of the business. Atairos Group Inc. purchased a new stake in shares of TriNet Group during the 4th quarter valued at $864,822,000. Dimensional Fund Advisors LP increased its position in shares of TriNet Group by 9.1% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,119,615 shares of the business services provider’s stock valued at $37,644,000 after purchasing an additional 92,991 shares during the last quarter. Cramer Rosenthal Mcglynn LLC increased its position in shares of TriNet Group by 70.6% during the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 965,930 shares of the business services provider’s stock valued at $32,475,000 after purchasing an additional 399,745 shares during the last quarter. Hennessy Advisors Inc. increased its position in shares of TriNet Group by 480.7% during the 4th quarter. Hennessy Advisors Inc. now owns 895,500 shares of the business services provider’s stock valued at $39,706,000 after purchasing an additional 741,300 shares during the last quarter. Finally, State Street Corp increased its position in shares of TriNet Group by 5.3% during the 2nd quarter. State Street Corp now owns 832,811 shares of the business services provider’s stock valued at $27,265,000 after purchasing an additional 41,959 shares during the last quarter. Institutional investors and hedge funds own 56.54% of the company’s stock.
Several brokerages have weighed in on TNET. Zacks Investment Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, January 5th. Morgan Stanley raised their price objective on TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Finally, BidaskClub upgraded TriNet Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the stock. TriNet Group presently has an average rating of “Hold” and a consensus price target of $38.00.
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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.
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