TriNet Group (NYSE:TNET) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a report released on Wednesday.

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. “

A number of other research firms have also weighed in on TNET. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Wednesday, October 25th. Morgan Stanley increased their price objective on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a research report on Friday, November 3rd. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $38.00.

TriNet Group (NYSE:TNET) traded up $0.28 during trading on Wednesday, reaching $43.10. 88,133 shares of the company were exchanged, compared to its average volume of 314,255. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.18 and a quick ratio of 1.18. TriNet Group has a 12 month low of $24.09 and a 12 month high of $45.25. The stock has a market cap of $2,987.87, a price-to-earnings ratio of 22.62 and a beta of 2.78.

In other news, CEO Burton M. Goldfield sold 17,809 shares of the firm’s stock in a transaction that occurred on Wednesday, January 17th. The shares were sold at an average price of $41.78, for a total transaction of $744,060.02. Following the transaction, the chief executive officer now directly owns 32,234 shares of the company’s stock, valued at $1,346,736.52. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Martin Babinec sold 36,500 shares of the firm’s stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $43.53, for a total transaction of $1,588,845.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 142,163 shares of company stock worth $6,145,491. Corporate insiders own 41.80% of the company’s stock.

Several large investors have recently modified their holdings of the company. Swiss National Bank increased its position in shares of TriNet Group by 4.0% during the fourth quarter. Swiss National Bank now owns 72,100 shares of the business services provider’s stock worth $3,197,000 after acquiring an additional 2,800 shares during the period. California Public Employees Retirement System increased its position in shares of TriNet Group by 6.0% during the fourth quarter. California Public Employees Retirement System now owns 31,988 shares of the business services provider’s stock worth $1,418,000 after acquiring an additional 1,800 shares during the period. Teacher Retirement System of Texas purchased a new position in shares of TriNet Group during the fourth quarter worth approximately $630,000. American Century Companies Inc. increased its position in shares of TriNet Group by 109.3% during the fourth quarter. American Century Companies Inc. now owns 222,427 shares of the business services provider’s stock worth $9,862,000 after acquiring an additional 116,153 shares during the period. Finally, Chicago Equity Partners LLC increased its position in shares of TriNet Group by 32.4% during the fourth quarter. Chicago Equity Partners LLC now owns 159,460 shares of the business services provider’s stock worth $7,070,000 after acquiring an additional 38,985 shares during the period. 58.01% of the stock is currently owned by institutional investors and hedge funds.

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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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