Shares of TriNet Group, Inc. (NYSE:TNET) have been assigned an average recommendation of “Hold” from the seven research firms that are covering the stock, Marketbeat.com reports. Two analysts have 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. The average 1-year price objective among brokers that have covered the stock in the last year is $38.00.

TNET has been the subject of a number of research analyst reports. J P Morgan Chase & Co cut TriNet Group from a “neutral” rating to an “underweight” rating and raised their target price for the company from $33.00 to $36.00 in a research note on Thursday, August 17th. Morgan Stanley cut TriNet Group from an “equal weight” rating to an “underweight” rating and lifted their price objective for the company from $27.00 to $31.00 in a research note on Tuesday, August 22nd. BidaskClub cut TriNet Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Finally, Zacks Investment Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 21st.

In other news, Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $44.21, for a total value of $1,613,665.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Burton M. Goldfield sold 4,492 shares of the business’s stock in a transaction on Tuesday, October 3rd. The stock was sold at an average price of $35.05, for a total value of $157,444.60. The disclosure for this sale can be found here. Insiders have sold 168,040 shares of company stock valued at $6,673,294 in the last quarter. 42.40% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of TNET. Cramer Rosenthal Mcglynn LLC purchased a new position in shares of TriNet Group in the second quarter worth $18,537,000. Vanguard Group Inc. raised its stake in shares of TriNet Group by 8.1% in the second quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock worth $149,661,000 after purchasing an additional 342,250 shares during the last quarter. FMR LLC raised its stake in shares of TriNet Group by 58.7% in the second quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after purchasing an additional 335,381 shares during the last quarter. Russell Investments Group Ltd. raised its stake in shares of TriNet Group by 644.8% in the third quarter. Russell Investments Group Ltd. now owns 265,053 shares of the business services provider’s stock worth $8,911,000 after purchasing an additional 229,466 shares during the last quarter. Finally, Mckinley Capital Management LLC Delaware purchased a new position in shares of TriNet Group in the second quarter worth $5,218,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.

TriNet Group (NYSE TNET) traded down $0.10 on Thursday, hitting $44.05. The stock had a trading volume of 251,916 shares, compared to its average volume of 405,070. The stock has a market cap of $3,060.81, a PE ratio of 26.70 and a beta of 3.02. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.00. TriNet Group has a 52 week low of $23.91 and a 52 week high of $45.11.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, November 2nd. The business services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.30. The company had revenue of $205.90 million during the quarter, compared to analysts’ expectations of $174.89 million. TriNet Group had a return on equity of 156.96% and a net margin of 4.15%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.29 EPS. sell-side analysts predict that TriNet Group will post 1.77 EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This story was originally reported by Watch List News and is the property of of Watch List News. If you are viewing this story on another domain, it was illegally copied and republished in violation of United States and international copyright & trademark law. The legal version of this story can be accessed at https://www.watchlistnews.com/trinet-group-inc-tnet-receives-38-00-average-target-price-from-brokerages/1756232.html.

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.

Receive News & Ratings for TriNet Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.