Today: 27,000 Shares of TriNet Group Inc. (TNET) Stock are sold by William Porter

Today: 27,000 Shares of TriNet Group Inc. (TNET) Stock are sold by William Porter

TriNet Group Inc. (NYSE:TNET) insider William Porter sold 27,000 shares of the stock in a transaction on Wednesday, November 23rd. The stock was sold at an average price of $25.00, for a total value of $675,000.00. Following the transaction, the insider now owns 527,724 shares of the company’s stock, valued at $13,193,100. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

William Porter also recently made the following trade(s): On Wednesday, October 5th, William Porter sold 6,000 shares of TriNet Group stock. The stock was sold at an average price of $22.00, for a total value of $132,000.00.

TriNet Group Inc. (NYSE:TNET) traded down 0.24% during trading on Monday, reaching $25.12. The company had a trading volume of 304,614 shares. The firm has a market capitalization of $1.73 billion, a PE ratio of 34.36 and a beta of 2.79. The firm’s 50 day moving average price is $20.96 and its 200 day moving average price is $20.86. TriNet Group Inc. has a 12-month low of $11.10 and a 12-month high of $25.40.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Tuesday, November 1st. The company reported $0.29 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.27 by $0.02. The firm earned $770.50 million during the quarter, compared to analysts’ expectations of $152.36 million. TriNet Group had a return on equity of 270.14% and a net margin of 1.77%. The company’s quarterly revenue was up 15.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.19 EPS. Analysts anticipate that TriNet Group Inc. will post $1.19 earnings per share for the current year.

Several brokerages have recently commented on TNET. Zacks Investment Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating and set a $24.00 target price on the stock in a report on Saturday, August 6th. Jefferies Group increased their target price on TriNet Group from $17.00 to $20.00 and gave the stock a “hold” rating in a report on Friday, August 5th. Deutsche Bank AG increased their target price on TriNet Group from $20.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, August 2nd. Piper Jaffray Cos. increased their target price on TriNet Group from $18.00 to $21.00 and gave the stock a “neutral” rating in a report on Tuesday, August 2nd. Finally, Morgan Stanley cut TriNet Group from an “overweight” rating to an “equal weight” rating and set a $22.00 target price on the stock. in a report on Thursday, August 4th. They noted that the move was a valuation call. Four analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $22.33.

A number of institutional investors have recently made changes to their positions in the stock. Manning & Napier Advisors LLC bought a new position in shares of TriNet Group during the second quarter valued at $10,215,000. First Trust Advisors LP bought a new position in shares of TriNet Group during the second quarter valued at $482,000. River Road Asset Management LLC boosted its position in shares of TriNet Group by 7.7% in the second quarter. River Road Asset Management LLC now owns 1,321,085 shares of the company’s stock valued at $27,465,000 after buying an additional 93,996 shares in the last quarter. Cantillon Capital Management LLC bought a new position in shares of TriNet Group during the second quarter valued at $9,096,000. Finally, Swiss National Bank boosted its position in shares of TriNet Group by 9.5% in the second quarter. Swiss National Bank now owns 69,300 shares of the company’s stock valued at $1,441,000 after buying an additional 6,000 shares in the last quarter. 80.09% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Company Profile

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