TriNet Group, Inc. (NYSE:TNET) Short Interest Update

TriNet Group, Inc. (NYSE:TNETGet Rating) saw a significant decrease in short interest in the month of April. As of April 30th, there was short interest totalling 1,790,000 shares, a decrease of 42.4% from the April 15th total of 3,110,000 shares. Approximately 3.1% of the shares of the company are short sold. Based on an average daily trading volume, of 620,600 shares, the days-to-cover ratio is currently 2.9 days.

TNET has been the topic of a number of recent analyst reports. StockNews.com downgraded shares of TriNet Group from a “strong-buy” rating to a “buy” rating in a report on Thursday, April 14th. Zacks Investment Research downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $91.48.

TNET traded up $1.38 on Friday, reaching $80.61. The company had a trading volume of 573,110 shares, compared to its average volume of 408,685. The business has a 50 day simple moving average of $91.70 and a 200 day simple moving average of $93.00. The company has a market cap of $5.02 billion, a price-to-earnings ratio of 13.97 and a beta of 1.29. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.17. TriNet Group has a 52-week low of $69.43 and a 52-week high of $109.40.

TriNet Group (NYSE:TNETGet Rating) last announced its earnings results on Tuesday, April 26th. The business services provider reported $2.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.90 by $0.65. TriNet Group had a net margin of 8.15% and a return on equity of 50.20%. During the same period in the prior year, the company earned $1.52 EPS. As a group, equities research analysts predict that TriNet Group will post 4.44 EPS for the current fiscal year.

In other TriNet Group news, Director H Raymond Bingham sold 415 shares of the company’s stock in a transaction dated Wednesday, May 4th. The shares were sold at an average price of $87.09, for a total transaction of $36,142.35. Following the sale, the director now directly owns 70,333 shares of the company’s stock, valued at $6,125,300.97. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Burton M. Goldfield sold 2,000 shares of the company’s stock in a transaction dated Thursday, February 17th. The shares were sold at an average price of $90.97, for a total transaction of $181,940.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 71,399 shares of company stock valued at $6,400,625. 40.60% of the stock is owned by company insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Catalyst Capital Advisors LLC bought a new position in TriNet Group during the first quarter valued at approximately $38,000. PrairieView Partners LLC bought a new position in TriNet Group during the fourth quarter valued at approximately $59,000. Nisa Investment Advisors LLC grew its position 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 acquiring an additional 400 shares during the last quarter. Van ECK Associates Corp bought a new position in TriNet Group during the fourth quarter valued at approximately $88,000. Finally, Advisor Group Holdings Inc. grew its position 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 acquiring an additional 156 shares during the last quarter. Institutional investors and hedge funds own 96.56% of the company’s stock.

About TriNet Group (Get Rating)

TriNet Group, Inc provides human resources (HR) solutions, payroll services, employee benefits, and employment risk mitigation services for small and midsize 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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