Insider Selling: TriNet Group Inc (NYSE:TNET) CEO Sells $406,860.00 in Stock

TriNet Group Inc (NYSE:TNET) CEO Burton M. Goldfield sold 6,000 shares of the business’s stock in a transaction that occurred on Thursday, August 15th. The stock was sold at an average price of $67.81, for a total value of $406,860.00. Following the sale, the chief executive officer now directly owns 240,060 shares in the company, valued at $16,278,468.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

TNET opened at $68.43 on Thursday. The stock has a market cap of $4.80 billion, a price-to-earnings ratio of 26.63 and a beta of 1.89. The stock’s 50 day moving average price is $71.13 and its 200-day moving average price is $63.84. TriNet Group Inc has a one year low of $38.74 and a one year high of $76.92. The company has a debt-to-equity ratio of 0.87, a quick ratio of 1.19 and a current ratio of 1.19.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, July 25th. The business services provider reported $0.70 EPS for the quarter, meeting analysts’ consensus estimates of $0.70. The firm had revenue of $231.00 million for the quarter, compared to analysts’ expectations of $221.25 million. TriNet Group had a return on equity of 46.35% and a net margin of 5.16%. The company’s quarterly revenue was up 5.0% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.87 earnings per share. As a group, analysts predict that TriNet Group Inc will post 2.98 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised TriNet Group from a “sell” rating to a “buy” rating and set a $82.00 target price on the stock in a research note on Thursday, August 1st. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $60.70.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Hilton Capital Management LLC bought a new position in shares of TriNet Group during the first quarter valued at approximately $79,000. Quantamental Technologies LLC bought a new position in shares of TriNet Group during the first quarter valued at approximately $100,000. NumerixS Investment Technologies Inc bought a new position in shares of TriNet Group during the first quarter valued at approximately $130,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of TriNet Group by 143.6% during the second quarter. Ladenburg Thalmann Financial Services Inc. now owns 1,949 shares of the business services provider’s stock valued at $133,000 after buying an additional 1,149 shares during the last quarter. Finally, Capital Fund Management S.A. bought a new position in shares of TriNet Group during the second quarter valued at approximately $203,000. 86.38% of the stock is currently owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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