Analysts expect that TriNet Group Inc (NYSE:TNET) will report sales of $168.27 million for the current quarter, according to Zacks Investment Research. Four analysts have provided estimates for TriNet Group’s earnings. The highest sales estimate is $169.80 million and the lowest is $166.69 million. TriNet Group posted sales of $149.17 million during the same quarter last year, which indicates a positive year over year growth rate of 12.8%. The company is scheduled to announce its next earnings results on Monday, August 7th.

On average, analysts expect that TriNet Group will report full year sales of $168.27 million for the current year, with estimates ranging from $718.04 million to $724.70 million. For the next year, analysts expect that the firm will post sales of $795.65 million per share, with estimates ranging from $784.20 million to $807.98 million. Zacks’ sales calculations are an average based on a survey of research analysts that that provide coverage for TriNet Group.

A number of equities research analysts have issued reports on the stock. TheStreet upgraded shares of TriNet Group from a “c” rating to a “b” rating in a research report on Monday, March 27th. Stifel Nicolaus reiterated a “buy” rating on shares of TriNet Group in a research report on Friday, April 14th. Deutsche Bank AG increased their target price on shares of TriNet Group from $30.00 to $31.00 and gave the stock a “hold” rating in a research report on Wednesday, May 3rd. Finally, Zacks Investment Research downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, May 3rd. Six investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $26.86.

Shares of TriNet Group (NYSE:TNET) opened at 31.47 on Friday. The stock has a market capitalization of $2.16 billion, a PE ratio of 28.66 and a beta of 3.01. The stock’s 50 day moving average is $30.33 and its 200 day moving average is $27.35. TriNet Group has a 52 week low of $17.78 and a 52 week high of $33.49.

In other news, VP Edward Griese sold 18,056 shares of the stock in a transaction on Monday, March 13th. The shares were sold at an average price of $29.28, for a total transaction of $528,679.68. Following the transaction, the vice president now owns 1,000 shares in the company, valued at approximately $29,280. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider William Porter sold 33,000 shares of the stock in a transaction on Tuesday, March 7th. The stock was sold at an average price of $28.47, for a total transaction of $939,510.00. Following the transaction, the insider now owns 495,849 shares in the company, valued at approximately $14,116,821.03. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 298,886 shares of company stock worth $8,849,224. 42.40% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in TNET. Envestnet Asset Management Inc. raised its position in TriNet Group by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock worth $119,000 after buying an additional 483 shares during the last quarter. Victory Capital Management Inc. raised its position in TriNet Group by 18.6% in the first quarter. Victory Capital Management Inc. now owns 4,604 shares of the business services provider’s stock worth $133,000 after buying an additional 723 shares during the last quarter. American International Group Inc. raised its position in TriNet Group by 7.1% in the first quarter. American International Group Inc. now owns 25,946 shares of the business services provider’s stock worth $750,000 after buying an additional 1,717 shares during the last quarter. Swiss National Bank raised its position 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 worth $2,003,000 after buying an additional 2,100 shares during the last quarter. Finally, HBK Investments L P raised its position in TriNet Group by 15.7% in the third quarter. HBK Investments L P now owns 26,644 shares of the business services provider’s stock worth $576,000 after buying an additional 3,625 shares during the last quarter. Institutional investors own 78.15% of the company’s stock.

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About TriNet Group

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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