Wells Fargo & Company MN decreased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 11.6% during the third quarter, Holdings Channel reports. The fund owned 15,306 shares of the company’s stock after selling 2,018 shares during the period. Wells Fargo & Company MN’s holdings in TriNet Group were worth $331,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the stock. Stoneridge Investment Partners LLC purchased a new stake in TriNet Group during the second quarter worth $1,685,000. American Century Companies Inc. raised its stake in TriNet Group by 1.6% in the second quarter. American Century Companies Inc. now owns 316,436 shares of the company’s stock worth $6,579,000 after buying an additional 4,969 shares during the period. Bank of New York Mellon Corp raised its stake in TriNet Group by 6.2% in the second quarter. Bank of New York Mellon Corp now owns 164,821 shares of the company’s stock worth $3,426,000 after buying an additional 9,551 shares during the period. California State Teachers Retirement System raised its stake in TriNet Group by 1.3% in the second quarter. California State Teachers Retirement System now owns 88,351 shares of the company’s stock worth $1,837,000 after buying an additional 1,156 shares during the period. Finally, Swiss National Bank raised its stake in TriNet Group by 9.5% in the second quarter. Swiss National Bank now owns 69,300 shares of the company’s stock worth $1,441,000 after buying an additional 6,000 shares during the period. Institutional investors own 80.09% of the company’s stock.

Institutional Ownership by Quarter for TriNet Group (NYSE:TNET)

Shares of TriNet Group, Inc. (NYSE:TNET) traded up 0.86% during midday trading on Friday, hitting $25.73. 237,448 shares of the stock were exchanged. The firm has a 50-day moving average of $25.37 and a 200-day moving average of $22.17. The company has a market capitalization of $1.77 billion, a P/E ratio of 35.20 and a beta of 3.03. TriNet Group, Inc. has a 1-year low of $11.10 and a 1-year high of $26.64.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Tuesday, November 1st. The company reported $0.29 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.02. TriNet Group had a net margin of 1.77% and a return on equity of 270.14%. The business had revenue of $770.50 million for the quarter, compared to the consensus estimate of $152.36 million. During the same quarter in the previous year, the firm earned $0.19 earnings per share. The company’s revenue for the quarter was up 15.3% on a year-over-year basis. On average, equities analysts expect that TriNet Group, Inc. will post $1.19 EPS for the current year.

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TNET has been the topic of a number of analyst reports. Deutsche Bank AG reaffirmed a “buy” rating and set a $30.00 target price (up previously from $29.00) on shares of TriNet Group in a report on Friday, December 23rd. Stifel Nicolaus increased their price target on shares of TriNet Group from $26.00 to $31.00 and gave the stock a “buy” rating in a report on Thursday, December 1st. Zacks Investment Research raised shares of TriNet Group from a “sell” rating to a “hold” rating and set a $24.00 price target on the stock in a report on Thursday, November 10th. Finally, J P Morgan Chase & Co lowered shares of TriNet Group from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $26.00 to $25.00 in a report on Friday, December 9th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and two have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $24.71.

In other TriNet Group news, CEO Burton M. Goldfield sold 44,000 shares of TriNet Group stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $22.50, for a total transaction of $990,000.00. Following the transaction, the chief executive officer now owns 5,774 shares of the company’s stock, valued at $129,915. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Burton M. Goldfield sold 99,000 shares of TriNet Group stock in a transaction that occurred on Wednesday, November 23rd. The shares were sold at an average price of $25.01, for a total transaction of $2,475,990.00. Following the transaction, the chief executive officer now directly owns 56,376 shares in the company, valued at approximately $1,409,963.76. The disclosure for this sale can be found here. Company insiders own 42.40% of the company’s stock.

About TriNet Group

TriNet Group, Inc (TriNet) is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s human resource solutions include offerings, such as multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; federal, state and local labor, employment and benefit law compliance; risk mitigation, including employment practices claims management; expense and time management, and human capital consulting.

5 Day Chart for NYSE:TNET

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