Zacks Investment Research upgraded shares of TriNet Group (NYSE:TNET) from a strong sell rating to a hold rating in a research report released on Saturday morning, Zacks.com reports.

According to Zacks, “TriNet Group, Inc. is a provider of a comprehensive human resources solution for small to medium-sized businesses. It offers payroll, tax administration, risk protection, performance management, compensation consulting, and employee benefit plans. The Company serves banking and financial services, biotech and life sciences, technology, non-profits, professional services, venture capital, and advertising and marketing industries. TriNet Group, Inc. is headquartered in San Leandro, California. “

Separately, Credit Suisse Group boosted their price target on TriNet Group from $38.00 to $44.00 and gave the company a neutral rating in a report on Wednesday, April 29th. Three analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock presently has an average rating of Hold and a consensus target price of $58.00.

Shares of TriNet Group stock opened at $59.77 on Friday. The company has a debt-to-equity ratio of 0.68, a current ratio of 1.18 and a quick ratio of 1.18. TriNet Group has a 1 year low of $27.79 and a 1 year high of $76.92. The company has a market capitalization of $3.95 billion, a P/E ratio of 17.53 and a beta of 1.94. The business has a 50 day moving average price of $53.52 and a 200 day moving average price of $51.67.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Tuesday, April 28th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.83 by $0.58. TriNet Group had a return on equity of 48.47% and a net margin of 6.05%. The firm had revenue of $283.00 million during the quarter, compared to the consensus estimate of $245.95 million. During the same period in the previous year, the firm posted $0.98 EPS. The company’s quarterly revenue was up 12.7% compared to the same quarter last year. As a group, research analysts expect that TriNet Group will post 2.86 EPS for the current fiscal year.

In other news, CEO Burton M. Goldfield sold 3,000 shares of the business’s stock in a transaction on Tuesday, April 28th. The shares were sold at an average price of $46.38, for a total transaction of $139,140.00. Following the completion of the sale, the chief executive officer now directly owns 162,392 shares of the company’s stock, valued at approximately $7,531,740.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Burton M. Goldfield sold 6,000 shares of the business’s stock in a transaction on Friday, April 24th. The shares were sold at an average price of $44.17, for a total transaction of $265,020.00. Following the sale, the chief executive officer now directly owns 162,392 shares of the company’s stock, valued at $7,172,854.64. The disclosure for this sale can be found here. Insiders sold a total of 153,892 shares of company stock valued at $8,285,141 over the last quarter. 39.70% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nisa Investment Advisors LLC purchased a new stake in shares of TriNet Group during the 1st quarter valued at $38,000. Steward Partners Investment Advisory LLC purchased a new stake in TriNet Group during the 1st quarter worth $50,000. Sowell Financial Services LLC increased its holdings in TriNet Group by 17,844.4% in the 1st quarter. Sowell Financial Services LLC now owns 1,615 shares of the business services provider’s stock valued at $61,000 after purchasing an additional 1,606 shares in the last quarter. Pearl River Capital LLC purchased a new position in TriNet Group in the first quarter valued at about $82,000. Finally, Advisor Group Holdings Inc. purchased a new position in TriNet Group in the first quarter valued at about $89,000. 93.09% of the stock is owned by institutional investors.

About TriNet Group

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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