TriNet Group (NYSE:TNET) Shares Gap Down to $112.50

Shares of TriNet Group, Inc. (NYSE:TNET) gapped down before the market opened on Monday . The stock had previously closed at $112.50, but opened at $110.17. TriNet Group shares last traded at $109.33, with a volume of 42,553 shares trading hands.

Wall Street Analysts Forecast Growth

Several research analysts have commented on the company. Stifel Nicolaus lifted their target price on TriNet Group from $106.00 to $117.00 and gave the stock a “buy” rating in a report on Thursday, October 26th. Needham & Company LLC restated a “buy” rating and issued a $135.00 target price on shares of TriNet Group in a report on Thursday, October 26th. StockNews.com downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Tuesday, November 14th. TheStreet downgraded shares of TriNet Group from a “b” rating to a “c+” rating in a research report on Thursday, October 26th. Finally, Wedbush restated an “outperform” rating on shares of TriNet Group in a report on Thursday, October 26th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $107.86.

TriNet Group Stock Performance

The company has a 50-day moving average of $113.04 and a 200 day moving average of $103.68. The firm has a market capitalization of $5.56 billion, a PE ratio of 18.88 and a beta of 1.10. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 109.10.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Wednesday, October 25th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.20 by $0.50. TriNet Group had a net margin of 7.28% and a return on equity of 61.53%. The company had revenue of $348.00 million during the quarter, compared to the consensus estimate of $315.27 million. Equities research analysts predict that TriNet Group, Inc. will post 6.58 EPS for the current year.

Insider Transactions at TriNet Group

In other news, CEO Burton M. Goldfield sold 334 shares of the business’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $106.01, for a total value of $35,407.34. Following the completion of the sale, the chief executive officer now owns 170,703 shares of the company’s stock, valued at approximately $18,096,225.03. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other TriNet Group news, CEO Burton M. Goldfield sold 10,358 shares of TriNet Group stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $115.04, for a total transaction of $1,191,584.32. Following the sale, the chief executive officer now directly owns 170,703 shares of the company’s stock, valued at approximately $19,637,673.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Burton M. Goldfield sold 334 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $106.01, for a total transaction of $35,407.34. Following the completion of the sale, the chief executive officer now directly owns 170,703 shares in the company, valued at $18,096,225.03. The disclosure for this sale can be found here. In the last ninety days, insiders sold 68,278 shares of company stock worth $7,467,593. 37.40% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Mawer Investment Management Ltd. increased its holdings in shares of TriNet Group by 66.3% during the first quarter. Mawer Investment Management Ltd. now owns 4,394,957 shares of the business services provider’s stock valued at $354,277,000 after acquiring an additional 1,752,532 shares in the last quarter. Wellington Management Group LLP increased its stake in TriNet Group by 11.4% during the 1st 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 in the last quarter. Cantillon Capital Management LLC raised its holdings in TriNet Group by 2.0% in the second quarter. Cantillon Capital Management LLC now owns 3,482,339 shares of the business services provider’s stock worth $330,718,000 after buying an additional 66,864 shares during the last quarter. BlackRock Inc. lifted its stake in shares of TriNet Group by 2.4% in the second quarter. BlackRock Inc. now owns 2,607,681 shares of the business services provider’s stock worth $247,651,000 after buying an additional 61,569 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its holdings in shares of TriNet Group by 3.6% during the first quarter. Dimensional Fund Advisors LP now owns 1,403,490 shares of the business services provider’s stock valued at $113,130,000 after buying an additional 48,461 shares during the last quarter. Hedge funds and other institutional investors own 93.58% of the company’s stock.

About TriNet Group

TriNet Group, Inc provides human resources (HR) consulting services, employee benefit options, payroll services, and employment risk mitigation services for small and medium size 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.