TriNet Group Inc (NYSE:TNET) CEO Burton M. Goldfield sold 23,486 shares of the company’s stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $60.99, for a total transaction of $1,432,411.14. Following the completion of the sale, the chief executive officer now owns 336,809 shares of the company’s stock, valued at approximately $20,541,980.91. The sale was disclosed in a filing with the SEC, which is accessible through this link.
TNET stock traded down $1.53 during midday trading on Friday, reaching $61.10. The company had a trading volume of 257,300 shares, compared to its average volume of 347,949. TriNet Group Inc has a 1 year low of $38.74 and a 1 year high of $65.09. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The company has a market cap of $4.30 billion, a price-to-earnings ratio of 23.77 and a beta of 2.12.
TriNet Group (NYSE:TNET) last released its earnings results on Monday, April 29th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.88 by ($0.01). TriNet Group had a return on equity of 54.21% and a net margin of 5.62%. The company had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $233.65 million. During the same quarter in the previous year, the company earned $0.80 EPS. The firm’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, research analysts anticipate that TriNet Group Inc will post 2.92 EPS for the current year.
Several equities research analysts recently commented on the stock. Zacks Investment Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, April 17th. ValuEngine upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. JPMorgan Chase & Co. upgraded shares of TriNet Group from an “underweight” rating to a “neutral” rating and upped their price target for the company from $53.00 to $60.00 in a research report on Friday, February 15th. Finally, William Blair upgraded shares of TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 target price for the company in a research report on Tuesday, February 12th. They noted that the move was a valuation call. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. TriNet Group has an average rating of “Hold” and a consensus price target of $58.63.
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TriNet Group Company Profile
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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