TriNet Group, Inc. (NYSE:TNET) has been given a consensus recommendation of “Buy” by the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation, two have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $36.25.

A number of research analysts recently issued reports on TNET shares. Stifel Nicolaus reiterated a “buy” rating on shares of TriNet Group in a research report on Friday, April 14th. Deutsche Bank AG downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a research report on Wednesday, April 19th. Zacks Investment Research downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Finally, BidaskClub upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a research report on Thursday, June 15th.

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In other TriNet Group news, CEO Burton M. Goldfield sold 42,839 shares of the company’s stock in a transaction on Thursday, May 11th. The shares were sold at an average price of $30.99, for a total transaction of $1,327,580.61. Following the transaction, the chief executive officer now owns 18,801 shares in the company, valued at $582,642.99. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, VP Edward Griese sold 4,175 shares of the company’s stock in a transaction on Tuesday, May 16th. The stock was sold at an average price of $30.95, for a total transaction of $129,216.25. Following the transaction, the vice president now owns 2,254 shares in the company, valued at approximately $69,761.30. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 340,488 shares of company stock worth $10,930,635. Corporate insiders own 41.80% of the company’s stock.

Several hedge funds have recently made changes to their positions in the stock. Alps Advisors Inc. increased its stake in shares of TriNet Group by 0.3% in the second quarter. Alps Advisors Inc. now owns 16,389 shares of the business services provider’s stock valued at $537,000 after buying an additional 43 shares in the last quarter. Envestnet Asset Management Inc. increased its stake in shares of TriNet Group by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock valued at $119,000 after buying an additional 483 shares in the last quarter. Victory Capital Management Inc. increased its stake in shares of TriNet Group by 18.6% in the first quarter. Victory Capital Management Inc. now owns 4,604 shares of the business services provider’s stock valued at $133,000 after buying an additional 723 shares in the last quarter. American International Group Inc. increased its stake in shares of TriNet Group by 7.1% in the first quarter. American International Group Inc. now owns 25,946 shares of the business services provider’s stock valued at $750,000 after buying an additional 1,717 shares in the last quarter. Finally, Swiss National Bank increased 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 valued at $2,003,000 after buying an additional 2,100 shares in the last quarter. Institutional investors own 52.96% of the company’s stock.

TriNet Group (TNET) opened at 39.71 on Friday. The company has a market cap of $2.76 billion, a P/E ratio of 26.69 and a beta of 2.94. TriNet Group has a 52-week low of $17.78 and a 52-week high of $41.58. The company has a 50-day moving average of $33.08 and a 200-day moving average of $29.64.

TriNet Group (NYSE:TNET) last released its earnings results on Monday, July 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.18. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The company had revenue of $201.01 million for the quarter, compared to the consensus estimate of $168.27 million. During the same quarter in the previous year, the company earned $0.27 EPS. TriNet Group’s quarterly revenue was up 7.3% compared to the same quarter last year. On average, equities research analysts expect that TriNet Group will post $1.47 earnings per share for the current fiscal year.

TriNet Group Company Profile

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.

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