TriNet Group, Inc. (NYSE:TNET) Director H Raymond Bingham sold 5,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $39.53, for a total value of $197,650.00. Following the sale, the director now owns 5,000 shares in the company, valued at $197,650. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
H Raymond Bingham also recently made the following trade(s):
- On Monday, July 3rd, H Raymond Bingham sold 5,000 shares of TriNet Group stock. The shares were sold at an average price of $32.78, for a total value of $163,900.00.
TriNet Group, Inc. (NYSE:TNET) traded up 0.23% during trading on Friday, hitting $35.42. The stock had a trading volume of 202,486 shares. The firm has a market cap of $2.46 billion, a PE ratio of 23.80 and a beta of 2.94. The company’s 50 day moving average is $35.21 and its 200 day moving average is $30.71. TriNet Group, Inc. has a 52-week low of $17.78 and a 52-week high of $41.58.
TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. The firm had revenue of $201.01 million for the quarter, compared to analyst estimates of $168.27 million. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. Equities research analysts forecast that TriNet Group, Inc. will post $1.48 earnings per share for the current year.
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A number of large investors have recently bought and sold shares of TNET. Ameritas Investment Partners Inc. acquired a new stake in TriNet Group during the first quarter valued at approximately $105,000. Millrace Asset Group Inc. acquired a new stake in TriNet Group during the first quarter valued at approximately $882,000. Trexquant Investment LP raised its stake in TriNet Group by 182.6% in the first quarter. Trexquant Investment LP now owns 23,458 shares of the business services provider’s stock valued at $678,000 after buying an additional 15,158 shares during the last quarter. Swiss National Bank raised its stake in TriNet Group by 3.1% in the first quarter. Swiss National Bank now owns 69,300 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 2,100 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in TriNet Group during the first quarter valued at approximately $208,000. 52.87% of the stock is currently owned by institutional investors.
Several brokerages have commented on TNET. J P Morgan Chase & Co downgraded TriNet Group from a “neutral” rating to an “underweight” rating and increased their target price for the company from $33.00 to $36.00 in a research note on Thursday. Zacks Investment Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 target price on the stock in a research note on Saturday, August 5th. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 target price (up from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. BidaskClub downgraded TriNet Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG increased their target price on TriNet Group from $30.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.00.
TriNet Group Company Profile
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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