TriNet Group (TNET) Rating Lowered to Hold at Zacks Investment Research

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Zacks Investment Research downgraded shares of TriNet Group (NYSE:TNET) from a buy rating to a hold rating in a research report report published on Friday morning.

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. “

Other equities analysts have also issued research reports about the stock. ValuEngine upgraded shares of TriNet Group from a sell rating to a hold rating in a report on Wednesday, January 2nd. Credit Suisse Group set a $54.00 price target on shares of TriNet Group and gave the stock a hold rating in a report on Tuesday, October 30th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of Hold and a consensus target price of $56.75.

Shares of NYSE:TNET opened at $46.80 on Friday. The firm has a market cap of $3.26 billion, a PE ratio of 27.21 and a beta of 2.05. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.13. TriNet Group has a 52 week low of $38.74 and a 52 week high of $60.15.

In other news, VP Edward Griese sold 1,141 shares of TriNet Group stock in a transaction on Monday, November 19th. The shares were sold at an average price of $44.22, for a total transaction of $50,455.02. Following the transaction, the vice president now owns 31,316 shares in the company, valued at $1,384,793.52. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Martin Babinec sold 30,000 shares of TriNet Group stock in a transaction on Tuesday, February 5th. The stock was sold at an average price of $46.09, for a total transaction of $1,382,700.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 164,175 shares of company stock worth $7,231,523. 38.90% of the stock is owned by company insiders.

A number of hedge funds have recently added to or reduced their stakes in TNET. Tower Research Capital LLC TRC acquired a new position in TriNet Group in the third quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in TriNet Group by 21.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,039 shares of the business services provider’s stock valued at $127,000 after buying an additional 546 shares during the period. Fox Run Management L.L.C. acquired a new position in TriNet Group in the third quarter valued at $239,000. Raymond James & Associates acquired a new position in TriNet Group in the second quarter valued at $246,000. Finally, Capital Fund Management S.A. acquired a new position in TriNet Group in the third quarter valued at $282,000. Institutional investors and hedge funds own 85.21% of the company’s stock.

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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