TriNet Group Inc (NYSE:TNET) VP Edward Griese sold 1,403 shares of the business’s stock in a transaction dated Wednesday, March 20th. The stock was sold at an average price of $62.07, for a total value of $87,084.21. Following the completion of the sale, the vice president now directly owns 71,443 shares of the company’s stock, valued at approximately $4,434,467.01. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Edward Griese also recently made the following trade(s):

  • On Monday, March 4th, Edward Griese sold 482 shares of TriNet Group stock. The stock was sold at an average price of $61.80, for a total value of $29,787.60.
  • On Wednesday, February 20th, Edward Griese sold 1,403 shares of TriNet Group stock. The stock was sold at an average price of $60.92, for a total value of $85,470.76.
  • On Monday, February 4th, Edward Griese sold 482 shares of TriNet Group stock. The stock was sold at an average price of $47.05, for a total value of $22,678.10.
  • On Tuesday, January 22nd, Edward Griese sold 1,141 shares of TriNet Group stock. The stock was sold at an average price of $45.11, for a total value of $51,470.51.
  • On Thursday, January 3rd, Edward Griese sold 482 shares of TriNet Group stock. The stock was sold at an average price of $40.46, for a total value of $19,501.72.

TNET traded down $0.81 on Wednesday, hitting $61.50. 268,090 shares of the stock traded hands, compared to its average volume of 377,092. TriNet Group Inc has a 52 week low of $38.74 and a 52 week high of $63.65. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.04. The firm has a market capitalization of $4.34 billion, a price-to-earnings ratio of 23.93 and a beta of 2.16.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 14th. The business services provider reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.16. TriNet Group had a return on equity of 56.98% and a net margin of 5.48%. The firm had revenue of $225.00 million for the quarter, compared to analyst estimates of $211.58 million. During the same period in the previous year, the company posted $0.46 earnings per share. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities research analysts expect that TriNet Group Inc will post 2.88 EPS for the current year.

A number of institutional investors and hedge funds have recently modified their holdings of TNET. Janus Henderson Group PLC increased its stake in TriNet Group by 13,569.2% during the third quarter. Janus Henderson Group PLC now owns 816,463 shares of the business services provider’s stock valued at $45,983,000 after acquiring an additional 810,490 shares during the period. Norges Bank bought a new position in TriNet Group during the fourth quarter valued at about $32,128,000. Emerald Mutual Fund Advisers Trust increased its stake in TriNet Group by 54.0% during the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 496,614 shares of the business services provider’s stock valued at $20,833,000 after acquiring an additional 174,063 shares during the period. Emerald Advisers LLC increased its stake in TriNet Group by 48.7% during the fourth quarter. Emerald Advisers LLC now owns 526,871 shares of the business services provider’s stock valued at $22,102,000 after acquiring an additional 172,526 shares during the period. Finally, Matarin Capital Management LLC bought a new position in TriNet Group during the third quarter valued at about $9,537,000. Hedge funds and other institutional investors own 85.36% of the company’s stock.

A number of equities analysts have recently commented on the company. Zacks Investment Research upgraded TriNet Group from a “sell” rating to a “strong-buy” rating and set a $70.00 price objective on the stock in a research note on Friday, February 22nd. ValuEngine upgraded TriNet Group from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. JPMorgan Chase & Co. upgraded TriNet Group from an “underweight” rating to a “neutral” rating and lifted their price objective for the stock from $53.00 to $60.00 in a research note on Friday, February 15th. Finally, William Blair upgraded TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 price objective on the stock in a research note on Tuesday, February 12th. They noted that the move was a valuation call. Three research analysts have rated the stock with a hold rating, three have given a buy rating and one has given a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $58.63.

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TriNet Group Company Profile

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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