Insider Selling: TriNet Group, Inc. (TNET) Director Sells 20,000 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Wayne B. Lowell sold 20,000 shares of TriNet Group stock in a transaction on Friday, August 4th. The shares were sold at an average price of $39.15, for a total value of $783,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of TriNet Group, Inc. (NYSE TNET) traded up 0.23% during mid-day trading on Friday, hitting $35.42. The company had a trading volume of 202,486 shares. TriNet Group, Inc. has a 52 week low of $17.78 and a 52 week high of $41.58. The firm has a 50-day moving average price of $35.13 and a 200-day moving average price of $30.63. The firm has a market capitalization of $2.46 billion, a PE ratio of 23.80 and a beta of 2.94.

TriNet Group (NYSE:TNET) last announced its earnings results on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. The business had revenue of $201.01 million during the quarter, compared to analyst estimates of $168.27 million. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The company’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 EPS. Equities analysts forecast that TriNet Group, Inc. will post $1.48 earnings per share for the current year.

ILLEGAL ACTIVITY WARNING: “[[title]]” was published by [[site]] and is owned by of [[site]]. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and international trademark & copyright law. The original version of this piece can be accessed at [[permalink]].

TNET has been the subject of a number of research analyst reports. Stifel Nicolaus reissued a “buy” rating and set a $44.00 price target (up previously from $37.00) on shares of TriNet Group in a report on Tuesday, August 1st. BidaskClub lowered TriNet Group from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 25th. Deutsche Bank AG upped their target price on TriNet Group from $30.00 to $31.00 and gave the company a “hold” rating in a research report on Wednesday, May 3rd. Zacks Investment Research downgraded TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Finally, J P Morgan Chase & Co downgraded TriNet Group from a “neutral” rating to an “underweight” rating in a research report on Thursday. One analyst has rated the stock with a sell rating, one has issued a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. TriNet Group currently has an average rating of “Buy” and an average price target of $36.25.

Large investors have recently made changes to their positions in the stock. Dynamic Technology Lab Private Ltd bought a new stake in shares of TriNet Group during the first quarter worth $434,000. Globeflex Capital L P bought a new stake in shares of TriNet Group during the first quarter worth $409,000. Bank of America Corp DE raised its stake in shares of TriNet Group by 21.2% in the first quarter. Bank of America Corp DE now owns 213,234 shares of the business services provider’s stock worth $6,162,000 after buying an additional 37,295 shares in the last quarter. Swiss National Bank raised its stake in shares of TriNet Group by 3.1% in the first quarter. Swiss National Bank now owns 69,300 shares of the business services provider’s stock worth $2,003,000 after buying an additional 2,100 shares in the last quarter. Finally, Teachers Advisors LLC raised its stake in shares of TriNet Group by 123.4% in the fourth quarter. Teachers Advisors LLC now owns 175,545 shares of the business services provider’s stock worth $4,497,000 after buying an additional 96,971 shares in the last quarter. Institutional investors and hedge funds own 52.87% of the company’s stock.

About TriNet Group

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.