TriNet Group Inc (NYSE:TNET) VP Edward Griese sold 2,262 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were sold at an average price of $64.75, for a total transaction of $146,464.50. Following the completion of the sale, the vice president now owns 50,669 shares of the company’s stock, valued at approximately $3,280,817.75. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link.

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

  • On Wednesday, July 17th, Edward Griese sold 1,396 shares of TriNet Group stock. The shares were sold at an average price of $71.31, for a total transaction of $99,548.76.
  • On Wednesday, July 3rd, Edward Griese sold 482 shares of TriNet Group stock. The shares were sold at an average price of $68.63, for a total transaction of $33,079.66.
  • On Monday, June 17th, Edward Griese sold 1,396 shares of TriNet Group stock. The shares were sold at an average price of $69.03, for a total transaction of $96,365.88.

Shares of NYSE:TNET traded down $1.08 during trading hours on Friday, hitting $64.42. The company’s stock had a trading volume of 371,572 shares, compared to its average volume of 329,947. TriNet Group Inc has a 52 week low of $38.74 and a 52 week high of $76.92. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.19 and a quick ratio of 1.19. The company has a market capitalization of $4.51 billion, a price-to-earnings ratio of 25.07 and a beta of 1.89. The firm’s fifty day moving average price is $69.92 and its 200 day moving average price is $65.15.

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

Several equities research analysts have recently commented on TNET shares. Zacks Investment Research upgraded shares of TriNet Group from a “sell” rating to a “buy” rating and set a $82.00 price target for the company in a report on Thursday, August 1st. ValuEngine lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Wednesday. Three equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $60.70.

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. raised its stake in shares of TriNet Group by 20.1% during the 2nd quarter. BlackRock Inc. now owns 3,712,387 shares of the business services provider’s stock worth $251,699,000 after acquiring an additional 621,559 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of TriNet Group by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 607,825 shares of the business services provider’s stock worth $25,498,000 after acquiring an additional 56,116 shares in the last quarter. Northern Trust Corp grew its position in TriNet Group by 0.6% during the 2nd quarter. Northern Trust Corp now owns 560,103 shares of the business services provider’s stock worth $37,975,000 after purchasing an additional 3,192 shares during the last quarter. Emerald Mutual Fund Advisers Trust grew its position in TriNet Group by 7.7% during the 1st quarter. Emerald Mutual Fund Advisers Trust now owns 534,624 shares of the business services provider’s stock worth $31,938,000 after purchasing an additional 38,010 shares during the last quarter. Finally, Nuveen Asset Management LLC purchased a new stake in TriNet Group during the 2nd quarter worth approximately $33,359,000. Hedge funds and other institutional investors own 86.38% of the company’s stock.

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

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