TriNet Group (TNET) PT Raised to $54.00
TriNet Group (NYSE:TNET) had its price objective boosted by Stifel Nicolaus to $54.00 in a report issued on Wednesday. Stifel Nicolaus currently has a buy rating on the business services provider’s stock.
Several other research analysts have also weighed in on the company. Morgan Stanley lifted their target price on TriNet Group from $31.00 to $32.00 and gave the stock an underweight rating in a report on Friday, November 3rd. Zacks Investment Research lowered TriNet Group from a strong-buy rating to a hold rating in a report on Friday, January 5th. Finally, BidaskClub upgraded TriNet Group from a hold rating to a buy rating in a report on Tuesday, November 7th. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have assigned a buy rating to the stock. TriNet Group presently has a consensus rating of Hold and an average target price of $40.00.
TriNet Group (TNET) opened at $46.85 on Wednesday. TriNet Group has a 12-month low of $27.27 and a 12-month high of $48.29. The company has a debt-to-equity ratio of 1.86, a current ratio of 1.13 and a quick ratio of 1.18. The stock has a market capitalization of $3,181.91, a price-to-earnings ratio of 18.82 and a beta of 2.54.
In other TriNet Group news, Director Wayne B. Lowell sold 14,663 shares of TriNet Group stock in a transaction dated Thursday, March 1st. The stock was sold at an average price of $45.67, for a total value of $669,659.21. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Burton M. Goldfield sold 17,809 shares of TriNet Group stock in a transaction dated Monday, December 18th. The shares were sold at an average price of $43.52, for a total value of $775,047.68. Following the completion of the sale, the chief executive officer now directly owns 32,234 shares in the company, valued at approximately $1,402,823.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 198,685 shares of company stock worth $8,578,080. Corporate insiders own 42.40% of the company’s stock.
Several institutional investors and hedge funds have recently added to or reduced their stakes in TNET. Suntrust Banks Inc. acquired a new stake in shares of TriNet Group in the 4th quarter valued at about $218,000. Pitcairn Co. acquired a new stake in shares of TriNet Group in the 4th quarter valued at about $230,000. Intrust Bank NA acquired a new stake in shares of TriNet Group in the 4th quarter valued at about $231,000. Amalgamated Bank acquired a new stake in shares of TriNet Group in the 4th quarter valued at about $250,000. Finally, Sei Investments Co. raised its stake in shares of TriNet Group by 112.0% in the 3rd quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 4,181 shares during the period. 56.54% of the stock is currently owned by hedge funds and other institutional investors.
WARNING: “TriNet Group (TNET) PT Raised to $54.00” was posted by Daily Political and is the property of of Daily Political. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States & international copyright law. The correct version of this report can be accessed at https://www.dailypolitical.com/2018/03/03/trinet-group-tnet-pt-raised-to-54-00.html.
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.
Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter.