TriNet Group (NYSE:TNET) Reaches New 52-Week Low at $69.14

TriNet Group, Inc. (NYSE:TNETGet Rating)’s share price reached a new 52-week low during mid-day trading on Friday . The stock traded as low as $69.14 and last traded at $69.14, with a volume of 1650 shares. The stock had previously closed at $70.04.

Separately, StockNews.com cut shares of TriNet Group from a “strong-buy” rating to a “buy” rating in a research note on Monday.

The company’s 50-day moving average is $83.92 and its 200-day moving average is $88.37. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market capitalization of $4.35 billion, a price-to-earnings ratio of 12.14 and a beta of 1.30.

TriNet Group (NYSE:TNETGet Rating) last released its earnings results on Tuesday, April 26th. The business services provider reported $2.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.90 by $0.51. TriNet Group had a net margin of 8.15% and a return on equity of 50.20%. The business had revenue of $395.00 million for the quarter, compared to analysts’ expectations of $348.78 million. During the same period last year, the company earned $1.52 earnings per share. Sell-side analysts anticipate that TriNet Group, Inc. will post 4.44 earnings per share for the current year.

In other news, Director H Raymond Bingham sold 415 shares of TriNet Group stock in a transaction that occurred on Wednesday, April 6th. The shares were sold at an average price of $96.27, for a total transaction of $39,952.05. Following the sale, the director now owns 4,675 shares in the company, valued at $450,062.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Burton M. Goldfield sold 4,167 shares of TriNet Group stock in a transaction that occurred on Tuesday, March 22nd. The shares were sold at an average price of $93.93, for a total transaction of $391,406.31. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 36,868 shares of company stock worth $3,314,998. 40.60% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Wellington Management Group LLP raised its stake in shares of TriNet Group by 11.4% during the first quarter. Wellington Management Group LLP now owns 4,190,526 shares of the business services provider’s stock valued at $412,181,000 after purchasing an additional 430,430 shares during the period. Cantillon Capital Management LLC raised its stake in shares of TriNet Group by 2.8% during the first quarter. Cantillon Capital Management LLC now owns 3,593,304 shares of the business services provider’s stock valued at $353,438,000 after purchasing an additional 98,408 shares during the period. Mawer Investment Management Ltd. raised its stake in shares of TriNet Group by 1.0% during the first quarter. Mawer Investment Management Ltd. now owns 2,589,089 shares of the business services provider’s stock valued at $254,663,000 after purchasing an additional 25,796 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of TriNet Group by 2.0% during the first quarter. Dimensional Fund Advisors LP now owns 1,266,627 shares of the business services provider’s stock valued at $124,598,000 after purchasing an additional 24,660 shares during the period. Finally, State Street Corp increased its stake in shares of TriNet Group by 1.5% in the first quarter. State Street Corp now owns 819,550 shares of the business services provider’s stock worth $80,611,000 after buying an additional 12,253 shares during the last quarter. Institutional investors own 96.56% of the company’s stock.

About TriNet Group (NYSE:TNET)

TriNet Group, Inc provides human resources (HR) solutions, payroll services, employee benefits, and employment risk mitigation services for small and midsize 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.

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