TriNet Group, Inc. (NYSE:TNET) Director Ralph A. Clark Purchases 600 Shares

TriNet Group, Inc. (NYSE:TNETGet Rating) Director Ralph A. Clark bought 600 shares of the stock in a transaction that occurred on Friday, May 13th. The shares were purchased at an average price of $80.16 per share, with a total value of $48,096.00. Following the purchase, the director now owns 5,934 shares of the company’s stock, valued at approximately $475,669.44. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NYSE:TNET opened at $81.79 on Wednesday. The company has a 50-day simple moving average of $91.46 and a 200-day simple moving average of $92.69. TriNet Group, Inc. has a one year low of $69.43 and a one year high of $109.40. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.17 and a current ratio of 1.17. The stock has a market capitalization of $5.09 billion, a price-to-earnings ratio of 14.18 and a beta of 1.29.

TriNet Group (NYSE:TNETGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The business services provider reported $2.55 earnings per share (EPS) for the quarter, topping the consensus estimate 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 quarter in the previous year, the company earned $1.52 earnings per share. As a group, research analysts forecast that TriNet Group, Inc. will post 4.44 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently bought and sold shares of TNET. Morgan Stanley raised its holdings in TriNet Group by 133.3% during the second quarter. Morgan Stanley now owns 149,161 shares of the business services provider’s stock worth $10,811,000 after purchasing an additional 85,238 shares in the last quarter. Raymond James & Associates purchased a new position in TriNet Group during the third quarter worth about $246,000. Advisor Group Holdings Inc. raised 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 worth $93,000 after purchasing an additional 156 shares in the last quarter. Mackenzie Financial Corp acquired a new position in TriNet Group during the third quarter worth about $301,000. Finally, State Board of Administration of Florida Retirement System grew its position in TriNet Group by 1.7% during the third quarter. State Board of Administration of Florida Retirement System now owns 15,856 shares of the business services provider’s stock worth $1,500,000 after buying an additional 260 shares during the period. 96.56% of the stock is owned by hedge funds and other institutional investors.

A number of equities research analysts recently weighed in on the stock. StockNews.com cut shares of TriNet Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 14th. Zacks Investment Research cut shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Tuesday, May 3rd. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and a consensus price target of $91.48.

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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