TriNet Group (NYSE:TNET) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday.

According to Zacks, “TriNet Group, Inc. is a provider of a comprehensive human resources solution for small to medium-sized businesses. It offers payroll, tax administration, risk protection, performance management, compensation consulting, and employee benefit plans. The Company serves banking and financial services, biotech and life sciences, technology, non-profits, professional services, venture capital, and advertising and marketing industries. TriNet Group, Inc. is headquartered in San Leandro, California. “

Several other analysts also recently issued reports on the stock. BidaskClub downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Morgan Stanley increased their price objective on shares of TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. TriNet Group presently has a consensus rating of “Hold” and a consensus price target of $38.00.

TriNet Group (NYSE TNET) opened at $40.00 on Wednesday. TriNet Group has a 1-year low of $24.29 and a 1-year high of $45.25. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18. The company has a market cap of $2,975.36, a P/E ratio of 21.16 and a beta of 2.78.

In other TriNet Group news, insider Michael P. Murphy sold 631 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $42.40, for a total value of $26,754.40. Following the completion of the sale, the insider now owns 12,553 shares of the company’s stock, valued at $532,247.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, VP Edward Griese sold 3,494 shares of the stock in a transaction that occurred on Friday, November 17th. The shares were sold at an average price of $42.40, for a total transaction of $148,145.60. Following the completion of the sale, the vice president now directly owns 2,893 shares of the company’s stock, valued at approximately $122,663.20. The disclosure for this sale can be found here. Insiders sold 178,663 shares of company stock valued at $7,739,446 in the last ninety days. 42.40% of the stock is owned by corporate insiders.

Several hedge funds have recently added to or reduced their stakes in the company. California Public Employees Retirement System grew its position in shares of TriNet Group by 6.0% during the fourth quarter. California Public Employees Retirement System now owns 31,988 shares of the business services provider’s stock worth $1,418,000 after buying an additional 1,800 shares in the last quarter. American International Group Inc. grew its position in shares of TriNet Group by 8.1% during the third quarter. American International Group Inc. now owns 27,419 shares of the business services provider’s stock worth $922,000 after buying an additional 2,049 shares in the last quarter. Prudential Financial Inc. grew its position in shares of TriNet Group by 10.6% during the third quarter. Prudential Financial Inc. now owns 27,162 shares of the business services provider’s stock worth $914,000 after buying an additional 2,610 shares in the last quarter. New York State Common Retirement Fund grew its position in shares of TriNet Group by 4.0% during the third quarter. New York State Common Retirement Fund now owns 70,987 shares of the business services provider’s stock worth $2,387,000 after buying an additional 2,700 shares in the last quarter. Finally, Swiss National Bank grew its position in shares of TriNet Group by 4.0% during the fourth quarter. Swiss National Bank now owns 72,100 shares of the business services provider’s stock worth $3,197,000 after buying an additional 2,800 shares in the last quarter. 58.01% of the stock is owned by institutional investors and hedge funds.

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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.

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