Insider Selling: TriNet Group, Inc. (NYSE:TNET) SVP Sells $193,682.58 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Alexander G. Warren sold 1,867 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $103.74, for a total transaction of $193,682.58. Following the sale, the senior vice president now directly owns 32,661 shares of the company’s stock, valued at approximately $3,388,252.14. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

TriNet Group Trading Up 0.2 %

NYSE:TNET opened at $107.54 on Friday. TriNet Group, Inc. has a one year low of $87.20 and a one year high of $134.67. The company has a debt-to-equity ratio of 6.88, a current ratio of 1.06 and a quick ratio of 1.06. The firm has a 50-day moving average of $118.82 and a 200-day moving average of $118.25. The company has a market cap of $5.44 billion, a PE ratio of 17.63 and a beta of 1.16.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Friday, April 26th. The business services provider reported $1.86 earnings per share for the quarter, missing the consensus estimate of $2.22 by ($0.36). The company had revenue of $357.00 million for the quarter, compared to the consensus estimate of $380.41 million. TriNet Group had a net margin of 6.78% and a return on equity of 124.38%. As a group, equities research analysts expect that TriNet Group, Inc. will post 4.78 EPS for the current fiscal year.

Institutional Investors Weigh In On TriNet Group

A number of hedge funds have recently made changes to their positions in the business. Teacher Retirement System of Texas raised its position in TriNet Group by 20.9% in the third quarter. Teacher Retirement System of Texas now owns 11,241 shares of the business services provider’s stock worth $1,309,000 after acquiring an additional 1,940 shares during the period. Principal Financial Group Inc. grew its holdings in TriNet Group by 31.4% during the third quarter. Principal Financial Group Inc. now owns 16,538 shares of the business services provider’s stock valued at $1,926,000 after purchasing an additional 3,956 shares during the period. Jackson Creek Investment Advisors LLC bought a new stake in shares of TriNet Group in the third quarter valued at $1,105,000. Los Angeles Capital Management LLC lifted its position in shares of TriNet Group by 3.2% during the 3rd quarter. Los Angeles Capital Management LLC now owns 10,578 shares of the business services provider’s stock valued at $1,232,000 after buying an additional 329 shares during the last quarter. Finally, Seizert Capital Partners LLC grew its stake in shares of TriNet Group by 3.1% during the 3rd quarter. Seizert Capital Partners LLC now owns 39,007 shares of the business services provider’s stock worth $4,544,000 after acquiring an additional 1,158 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

TNET has been the topic of a number of recent analyst reports. Needham & Company LLC decreased their target price on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a research report on Friday, April 26th. Stifel Nicolaus boosted their price objective on TriNet Group from $117.00 to $121.00 and gave the stock a “buy” rating in a research report on Friday, February 16th. StockNews.com cut shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Monday, April 29th. Finally, TD Cowen lifted their price target on shares of TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a report on Monday, March 4th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $117.50.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management 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.