TriNet Group Inc (NYSE:TNET) Director Paul Edward Chamberlain sold 250 shares of TriNet Group stock in a transaction on Monday, July 6th. The stock was sold at an average price of $63.00, for a total transaction of $15,750.00. Following the sale, the director now directly owns 35,084 shares of the company’s stock, valued at $2,210,292. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Paul Edward Chamberlain also recently made the following trade(s):
- On Wednesday, June 3rd, Paul Edward Chamberlain sold 250 shares of TriNet Group stock. The shares were sold at an average price of $56.71, for a total value of $14,177.50.
TNET opened at $59.88 on Friday. TriNet Group Inc has a one year low of $27.79 and a one year high of $76.92. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.18 and a current ratio of 1.18. The stock has a market capitalization of $4.02 billion, a P/E ratio of 17.56 and a beta of 1.91. The business’s 50-day simple moving average is $56.61 and its 200-day simple moving average is $51.92.
TriNet Group (NYSE:TNET) last released its quarterly earnings results on Tuesday, April 28th. The business services provider reported $1.41 EPS for the quarter, topping the consensus estimate of $0.83 by $0.58. The company had revenue of $283.00 million for the quarter, compared to analyst estimates of $245.95 million. TriNet Group had a return on equity of 48.47% and a net margin of 6.05%. The firm’s revenue was up 12.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.98 earnings per share. On average, equities research analysts forecast that TriNet Group Inc will post 2.86 EPS for the current fiscal year.
TNET has been the subject of several analyst reports. Credit Suisse Group upped their price objective on TriNet Group from $38.00 to $44.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 29th. Zacks Investment Research raised TriNet Group from a “strong sell” rating to a “hold” rating in a report on Saturday, June 27th. Three research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $58.00.
A number of hedge funds have recently added to or reduced their stakes in TNET. Public Employees Retirement Association of Colorado boosted its stake in TriNet Group by 30.7% during the 1st quarter. Public Employees Retirement Association of Colorado now owns 6,840 shares of the business services provider’s stock worth $258,000 after purchasing an additional 1,605 shares during the period. FDx Advisors Inc. purchased a new stake in shares of TriNet Group in the first quarter valued at about $273,000. Twinbeech Capital LP purchased a new stake in shares of TriNet Group in the first quarter valued at about $203,000. Advisor Group Holdings Inc. acquired a new stake in shares of TriNet Group during the first quarter worth about $89,000. Finally, Engineers Gate Manager LP grew its holdings in shares of TriNet Group by 633.5% during the first quarter. Engineers Gate Manager LP now owns 67,351 shares of the business services provider’s stock worth $2,536,000 after buying an additional 58,169 shares during the last quarter. Hedge funds and other institutional investors own 93.09% of the company’s stock.
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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