TriNet Group, Inc. (NYSE:TNET) SVP Alexander G. Warren Sells 2,442 Shares

TriNet Group, Inc. (NYSE:TNET – Get Rating) SVP Alexander G. Warren sold 2,442 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $90.64, for a total transaction of $221,342.88. Following the transaction, the senior vice president now directly owns 39,058 shares in the company, valued at approximately $3,540,217.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TriNet Group Stock Performance

Shares of TNET stock opened at $93.57 on Tuesday. TriNet Group, Inc. has a one year low of $60.60 and a one year high of $95.61. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.18 and a current ratio of 1.18. The company has a 50 day moving average price of $84.27 and a 200 day moving average price of $77.38. The firm has a market capitalization of $5.56 billion, a price-to-earnings ratio of 16.95 and a beta of 1.16.

TriNet Group (NYSE:TNET – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The business services provider reported $2.35 EPS for the quarter, topping the consensus estimate of $1.77 by $0.58. TriNet Group had a net margin of 6.96% and a return on equity of 47.82%. The firm had revenue of $394.00 million during the quarter, compared to analyst estimates of $364.55 million. Sell-side analysts anticipate that TriNet Group, Inc. will post 4.71 EPS for the current year.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on TNET. Cowen upped their price objective on shares of TriNet Group from $67.00 to $74.00 and gave the company a “market perform” rating in a research note on Thursday, February 16th. Needham & Company LLC began coverage on shares of TriNet Group in a research note on Friday, May 12th. They set a “buy” rating and a $115.00 price objective on the stock. Finally, StockNews.com assumed coverage on shares of TriNet Group in a research note on Thursday, May 18th. They set a “hold” rating on the stock. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $88.00.

Institutional Investors Weigh In On TriNet Group

Several large investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. increased its position in shares of TriNet Group by 48.2% in the first quarter. Rockefeller Capital Management L.P. now owns 22,635 shares of the business services provider’s stock worth $1,824,000 after acquiring an additional 7,365 shares in the last quarter. Thrivent Financial for Lutherans acquired a new stake in shares of TriNet Group in the first quarter worth $2,545,000. State Street Corp increased its position in shares of TriNet Group by 2.0% in the first quarter. State Street Corp now owns 788,307 shares of the business services provider’s stock worth $63,545,000 after acquiring an additional 15,678 shares in the last quarter. Summit Street Capital Management LLC increased its position in shares of TriNet Group by 7.1% in the first quarter. Summit Street Capital Management LLC now owns 70,851 shares of the business services provider’s stock worth $5,711,000 after acquiring an additional 4,701 shares in the last quarter. Finally, First Trust Advisors LP boosted its stake in shares of TriNet Group by 139.7% in the first quarter. First Trust Advisors LP now owns 68,136 shares of the business services provider’s stock valued at $5,492,000 after purchasing an additional 39,707 shares during the period. Institutional investors and hedge funds own 91.65% of the company’s stock.

TriNet Group Company Profile

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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.