TriNet Group, Inc. (NYSE:TNET) had its price objective boosted by analysts at Morgan Stanley from $31.00 to $32.00 in a research note issued on Friday. The brokerage currently has an “underweight” rating on the business services provider’s stock. Morgan Stanley’s price target would indicate a potential downside of 23.44% from the company’s previous close.

TNET has been the topic of a number of other reports. BidaskClub downgraded TriNet Group from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. J P Morgan Chase & Co downgraded TriNet Group from a “neutral” rating to an “underweight” rating and lifted their price target for the company from $33.00 to $36.00 in a report on Thursday, August 17th. Zacks Investment Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 21st. Finally, Stifel Nicolaus reiterated a “buy” rating and issued a $44.00 price target (up from $37.00) on shares of TriNet Group in a report on Tuesday, August 1st. Three analysts have rated the stock with a sell rating, two have issued a hold rating and one has given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $37.60.

Shares of TriNet Group (NYSE TNET) traded up $6.97 on Friday, hitting $41.00. The company had a trading volume of 2,020,656 shares, compared to its average volume of 240,490. The company has a market cap of $2,477.84, a P/E ratio of 25.66 and a beta of 2.88.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Monday, October 30th. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.30. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. The business had revenue of $205.90 million for the quarter, compared to the consensus estimate of $174.89 million. During the same period last year, the business posted $0.29 EPS. The business’s revenue was up 27.9% compared to the same quarter last year. equities research analysts expect that TriNet Group will post 1.27 EPS for the current fiscal year.

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In other TriNet Group news, CEO Burton M. Goldfield sold 2,694 shares of TriNet Group stock in a transaction dated Monday, September 18th. The stock was sold at an average price of $33.94, for a total transaction of $91,434.36. Following the completion of the sale, the chief executive officer now owns 31,225 shares of the company’s stock, valued at approximately $1,059,776.50. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Burton M. Goldfield sold 24,676 shares of TriNet Group stock in a transaction dated Thursday, August 17th. The stock was sold at an average price of $35.29, for a total value of $870,816.04. Following the sale, the chief executive officer now directly owns 30,707 shares of the company’s stock, valued at approximately $1,083,650.03. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 332,983 shares of company stock worth $12,205,957. 42.40% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently modified their holdings of TNET. Cramer Rosenthal Mcglynn LLC acquired a new stake in TriNet Group during the 2nd quarter worth about $18,537,000. Vanguard Group Inc. lifted its position in TriNet Group by 11.0% during the 1st quarter. Vanguard Group Inc. now owns 4,228,957 shares of the business services provider’s stock worth $122,217,000 after acquiring an additional 418,005 shares during the period. FMR LLC lifted its position in TriNet Group by 58.7% during the 2nd quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after acquiring an additional 335,381 shares during the period. Mckinley Capital Management LLC Delaware acquired a new stake in TriNet Group during the 2nd quarter worth about $5,218,000. Finally, Carleon Capital Partners LLC acquired a new stake in TriNet Group during the 2nd quarter worth about $7,946,000. 54.68% of the stock is owned by institutional investors.

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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