The TriNet Group Inc. (TNET) VP Sells $109,250.00 in Stock

The TriNet Group Inc. (TNET) VP Sells $109,250.00 in Stock

TriNet Group Inc. (NYSE:TNET) VP John W. Turner sold 5,000 shares of the stock in a transaction on Wednesday, October 5th. The stock was sold at an average price of $21.85, for a total transaction of $109,250.00. Following the sale, the vice president now directly owns 9,167 shares of the company’s stock, valued at approximately $200,298.95. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Shares of TriNet Group Inc. (NYSE:TNET) opened at 20.47 on Wednesday. TriNet Group Inc. has a 52 week low of $11.10 and a 52 week high of $22.97. The firm has a 50-day moving average of $21.12 and a 200-day moving average of $19.72. The firm has a market cap of $1.44 billion, a PE ratio of 35.91 and a beta of 2.73.

TriNet Group (NYSE:TNET) last posted its earnings results on Monday, August 1st. The company reported $0.27 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.02. TriNet Group had a net margin of 1.43% and a return on equity of 439.36%. The firm earned $745.80 million during the quarter, compared to analyst estimates of $148.11 million. During the same quarter in the prior year, the business posted $0.14 EPS. The business’s revenue was up 16.5% compared to the same quarter last year. On average, analysts expect that TriNet Group Inc. will post $1.16 EPS for the current year.

Hedge funds have recently bought and sold shares of the company. Pacad Investment Ltd. raised its stake in TriNet Group by 85.5% in the first quarter. Pacad Investment Ltd. now owns 34,695 shares of the company’s stock valued at $498,000 after buying an additional 15,995 shares during the last quarter. TIAA CREF Investment Management LLC raised its stake in TriNet Group by 44.0% in the first quarter. TIAA CREF Investment Management LLC now owns 254,108 shares of the company’s stock valued at $3,646,000 after buying an additional 77,687 shares during the last quarter. JPMorgan Chase & Co. raised its stake in TriNet Group by 88,643.9% in the first quarter. JPMorgan Chase & Co. now owns 267,119 shares of the company’s stock valued at $3,833,000 after buying an additional 266,818 shares during the last quarter. Menta Capital LLC purchased a new stake in TriNet Group during the first quarter valued at about $250,000. Finally, Spark Investment Management LLC purchased a new stake in TriNet Group during the first quarter valued at about $599,000. Hedge funds and other institutional investors own 78.91% of the company’s stock.

Several research analysts recently commented on TNET shares. Morgan Stanley cut shares of TriNet Group from an “overweight” rating to an “equal weight” rating and set a $22.00 target price for the company. in a report on Thursday, August 4th. They noted that the move was a valuation call. Piper Jaffray Cos. increased their target price on shares of TriNet Group from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. Zacks Investment Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, August 12th. Deutsche Bank AG increased their target price on shares of TriNet Group from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Finally, Jefferies Group increased their target price on shares of TriNet Group from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, August 5th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $22.33.

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