StockNews.com Begins Coverage on TriNet Group (NYSE:TNET)

StockNews.com began coverage on shares of TriNet Group (NYSE:TNET – Get Rating) in a research report released on Thursday. The firm issued a buy rating on the business services provider’s stock.

Separately, Cowen upped their target price on TriNet Group from $67.00 to $74.00 and gave the company a market perform rating in a research report on Thursday, February 16th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of Hold and an average price target of $81.25.

TriNet Group Trading Down 1.4 %

Shares of NYSE:TNET opened at $76.69 on Thursday. The business’s 50-day moving average is $79.18 and its 200 day moving average is $73.92. TriNet Group has a 1 year low of $60.60 and a 1 year high of $103.36. The firm has a market capitalization of $4.60 billion, a P/E ratio of 13.79 and a beta of 1.16. The company has a debt-to-equity ratio of 0.64, a current ratio of 1.17 and a quick ratio of 1.17.

TriNet Group (NYSE:TNET – Get Rating) last announced its earnings results on Wednesday, February 15th. The business services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.13 by $0.78. TriNet Group had a return on equity of 52.06% and a net margin of 7.31%. The company had revenue of $310.00 million for the quarter, compared to analyst estimates of $250.09 million. On average, research analysts predict that TriNet Group will post 4.26 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Burton M. Goldfield sold 6,250 shares of the stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $65.09, for a total value of $406,812.50. Following the transaction, the chief executive officer now directly owns 205,137 shares of the company’s stock, valued at $13,352,367.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, SVP Alexander G. Warren sold 3,280 shares of the company’s stock in a transaction dated Friday, January 6th. The stock was sold at an average price of $70.11, for a total value of $229,960.80. Following the sale, the senior vice president now owns 37,862 shares in the company, valued at $2,654,504.82. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Burton M. Goldfield sold 6,250 shares of the company’s stock in a transaction dated Friday, December 23rd. The stock was sold at an average price of $65.09, for a total value of $406,812.50. Following the completion of the sale, the chief executive officer now owns 205,137 shares in the company, valued at approximately $13,352,367.33. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,835 shares of company stock valued at $1,887,011. Company insiders own 40.60% of the company’s stock.

Institutional Trading of TriNet Group

A number of hedge funds have recently modified their holdings of TNET. Amundi purchased a new position in TriNet Group during the fourth quarter worth approximately $33,000. Exchange Traded Concepts LLC purchased a new position in TriNet Group during the third quarter worth approximately $36,000. Ronald Blue Trust Inc. boosted its position in TriNet Group by 176.1% during the fourth quarter. Ronald Blue Trust Inc. now owns 508 shares of the business services provider’s stock worth $36,000 after purchasing an additional 324 shares in the last quarter. Captrust Financial Advisors boosted its position in TriNet Group by 78.7% during the second quarter. Captrust Financial Advisors now owns 620 shares of the business services provider’s stock worth $48,000 after purchasing an additional 273 shares in the last quarter. Finally, Royal Bank of Canada boosted its position in TriNet Group by 31.7% during the third quarter. Royal Bank of Canada now owns 1,017 shares of the business services provider’s stock worth $72,000 after purchasing an additional 245 shares in the last quarter. Hedge funds and other institutional investors own 91.65% of the company’s stock.

About TriNet Group

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TriNet Group, Inc provides human capital management (HCM) solutions to small and mid-sized businesses. Its services include HR expertise, benefit options, payroll services, risk mitigation, and a technology platform. The company was founded by Martin Babinec in 1988 and is headquartered in Dublin, CA.