TriNet Group, Inc. (NYSE:TNET – Get Free Report) CEO Burton M. Goldfield sold 1,509 shares of the stock in a transaction that occurred on Wednesday, August 16th. The shares were sold at an average price of $106.38, for a total transaction of $160,527.42. Following the completion of the sale, the chief executive officer now directly owns 170,703 shares in the company, valued at $18,159,385.14. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.
TriNet Group Stock Up 0.5 %
Shares of NYSE:TNET opened at $105.34 on Friday. The stock has a market cap of $6.29 billion, a P/E ratio of 18.98 and a beta of 1.18. The firm has a fifty day moving average price of $99.05 and a 200 day moving average price of $90.00. The company has a debt-to-equity ratio of 0.54, a current ratio of 1.28 and a quick ratio of 1.28. TriNet Group, Inc. has a 1-year low of $60.60 and a 1-year high of $111.85.
TriNet Group (NYSE:TNET – Get Free Report) last issued its quarterly earnings results on Wednesday, July 26th. The business services provider reported $1.52 earnings per share for the quarter, topping analysts’ consensus estimates of $1.07 by $0.45. The firm had revenue of $341.00 million during the quarter, compared to analysts’ expectations of $310.34 million. TriNet Group had a net margin of 6.91% and a return on equity of 45.40%. Sell-side analysts predict that TriNet Group, Inc. will post 6.09 EPS for the current year.
Institutional Trading of TriNet Group
Wall Street Analyst Weigh In
A number of research analysts recently commented on the stock. StockNews.com assumed coverage on shares of TriNet Group in a research report on Thursday. They issued a “buy” rating on the stock. TD Cowen raised shares of TriNet Group from a “market perform” rating to an “outperform” rating and increased their target price for the company from $95.00 to $125.00 in a research report on Monday, August 7th. Needham & Company LLC increased their target price on shares of TriNet Group from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Thursday, July 27th. Finally, Credit Suisse Group reaffirmed a “neutral” rating and issued a $87.00 target price on shares of TriNet Group in a research report on Thursday, July 27th. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $95.20.
Read Our Latest Analysis on TriNet Group
TriNet Group Company Profile
TriNet Group, Inc provides human resources (HR) consulting services, employee benefit options, payroll services, and employment risk mitigation services for small and medium size businesses in the United States. 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 benefits law compliance; and other HR related services.
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