Michael P. Murphy Sells 837 Shares of TriNet Group Inc (TNET) Stock

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.

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

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