Short Interest in TriNet Group, Inc. (NYSE:TNET) Rises By 39.5%

TriNet Group, Inc. (NYSE:TNETGet Rating) saw a large growth in short interest during the month of March. As of March 31st, there was short interest totalling 3,250,000 shares, a growth of 39.5% from the March 15th total of 2,330,000 shares. Based on an average daily volume of 538,600 shares, the days-to-cover ratio is currently 6.0 days. Approximately 5.3% of the company’s stock are short sold.

Shares of TNET traded up $0.35 on Friday, reaching $96.00. The company’s stock had a trading volume of 422,699 shares, compared to its average volume of 644,026. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.40 and a quick ratio of 1.40. The stock has a market capitalization of $5.98 billion, a P/E ratio of 18.93 and a beta of 1.29. The stock’s 50 day simple moving average is $90.79 and its two-hundred day simple moving average is $94.28. TriNet Group has a 12-month low of $69.43 and a 12-month high of $109.40.

TriNet Group (NYSE:TNETGet Rating) last posted its quarterly earnings data on Monday, February 14th. The business services provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.57. The company had revenue of $293.00 million for the quarter, compared to the consensus estimate of $244.11 million. TriNet Group had a net margin of 7.44% and a return on equity of 43.60%. During the same quarter last year, the firm posted $0.30 earnings per share. Analysts expect that TriNet Group will post 4.24 earnings per share for the current year.

A number of brokerages have recently commented on TNET. Zacks Investment Research lowered shares of TriNet Group from a “hold” rating to a “sell” rating in a research note on Friday, February 18th. StockNews.com lowered shares of TriNet Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday. One analyst has rated the stock with a sell rating, two have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $92.98.

In related news, Director H Raymond Bingham sold 415 shares of the stock in a transaction dated Wednesday, January 19th. The shares were sold at an average price of $84.58, for a total transaction of $35,100.70. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Burton M. Goldfield sold 2,000 shares of the stock in a transaction dated Monday, January 24th. The shares were sold at an average price of $81.79, for a total transaction of $163,580.00. The disclosure for this sale can be found here. Insiders have sold a total of 52,232 shares of company stock worth $4,591,866 over the last three months. 39.30% of the stock is currently owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of TNET. Banque Cantonale Vaudoise boosted its holdings in shares of TriNet Group by 46.3% in the third quarter. Banque Cantonale Vaudoise now owns 616 shares of the business services provider’s stock worth $58,000 after buying an additional 195 shares during the last quarter. PrairieView Partners LLC purchased a new position in shares of TriNet Group in the fourth quarter worth approximately $59,000. Nisa Investment Advisors LLC lifted its holdings in TriNet Group by 72.7% during the fourth quarter. Nisa Investment Advisors LLC now owns 950 shares of the business services provider’s stock valued at $81,000 after purchasing an additional 400 shares in the last quarter. Van ECK Associates Corp purchased a new position in TriNet Group during the fourth quarter valued at approximately $88,000. Finally, Advisor Group Holdings Inc. lifted its holdings in TriNet Group by 18.8% during the third quarter. Advisor Group Holdings Inc. now owns 988 shares of the business services provider’s stock valued at $93,000 after purchasing an additional 156 shares in the last quarter. 88.52% of the stock is currently owned by institutional investors.

About TriNet Group (Get Rating)

TriNet Group, Inc provides human resources solutions including industry solutions to small and mid sized businesses. Its services include payroll processing tax administration, employee benefits and a human resource technology platform with online and mobile tools and also employee onboarding and termination, compensation reporting, expense management, and benefits enrollment and administration.

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