Edward Griese Sells 1,141 Shares of TriNet Group Inc (TNET) Stock
TriNet Group Inc (NYSE:TNET) VP Edward Griese sold 1,141 shares of the business’s stock in a transaction dated Monday, November 19th. The shares were sold at an average price of $44.22, for a total value of $50,455.02. Following the completion of the transaction, the vice president now directly owns 31,316 shares of the company’s stock, valued at approximately $1,384,793.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.
Shares of TNET stock opened at $43.24 on Wednesday. The stock has a market capitalization of $3.15 billion, a PE ratio of 25.14 and a beta of 2.40. The company has a quick ratio of 1.20, a current ratio of 1.20 and a debt-to-equity ratio of 1.13. TriNet Group Inc has a 52-week low of $38.26 and a 52-week high of $60.15.
TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Monday, October 29th. The business services provider reported $0.75 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.55 by $0.20. TriNet Group had a return on equity of 63.58% and a net margin of 6.67%. The firm had revenue of $228.00 million during the quarter, compared to analyst estimates of $202.65 million. During the same quarter in the previous year, the business earned $0.56 EPS. TriNet Group’s revenue for the quarter was up 11.2% compared to the same quarter last year. As a group, equities research analysts expect that TriNet Group Inc will post 2.54 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on TNET shares. Stifel Nicolaus boosted their price objective on TriNet Group from $64.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Zacks Investment Research raised TriNet Group from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Saturday, August 4th. Morgan Stanley boosted their price objective on TriNet Group from $51.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, July 31st. ValuEngine cut TriNet Group from a “buy” rating to a “hold” rating in a report on Thursday, November 1st. Finally, Credit Suisse Group set a $54.00 price objective on TriNet Group and gave the company a “hold” rating in a report on Tuesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $59.00.
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About TriNet Group
TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers 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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