TriNet Group (NYSE:TNET) Receives New Coverage from Analysts at UBS Group

UBS Group initiated coverage on shares of TriNet Group (NYSE:TNET) in a research report released on Tuesday, Marketbeat Ratings reports. The brokerage issued a neutral rating and a $110.00 price target on the business services provider’s stock.

TNET has been the subject of several other research reports. StockNews.com cut shares of TriNet Group from a buy rating to a hold rating in a report on Monday. Stifel Nicolaus increased their price target on shares of TriNet Group from $106.00 to $117.00 and gave the company a buy rating in a research note on Thursday, October 26th. TD Cowen upgraded shares of TriNet Group from a market perform rating to an outperform rating and increased their price target for the company from $95.00 to $125.00 in a research note on Monday, August 7th. Wedbush reiterated an outperform rating on shares of TriNet Group in a research note on Thursday, October 26th. Finally, Needham & Company LLC reiterated a buy rating and issued a $135.00 price target on shares of TriNet Group in a research note on Thursday, October 26th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of Hold and an average price target of $107.86.

TriNet Group Stock Up 2.1 %

Shares of TNET stock opened at $106.02 on Tuesday. The firm has a fifty day moving average of $113.13 and a 200-day moving average of $102.51. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 109.10. TriNet Group has a 12-month low of $61.93 and a 12-month high of $121.60. The company has a market capitalization of $5.36 billion, a price-to-earnings ratio of 17.79 and a beta of 1.10.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Wednesday, October 25th. The business services provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.20 by $0.50. TriNet Group had a net margin of 7.28% and a return on equity of 61.53%. The company had revenue of $348.00 million during the quarter, compared to the consensus estimate of $315.27 million. As a group, equities research analysts predict that TriNet Group will post 6.58 earnings per share for the current fiscal year.

Insider Transactions at TriNet Group

In related news, CEO Burton M. Goldfield sold 7,100 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $104.15, for a total transaction of $739,465.00. Following the transaction, the chief executive officer now directly owns 170,703 shares of the company’s stock, valued at $17,778,717.45. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, EVP Samantha Wellington sold 10,225 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $111.19, for a total transaction of $1,136,917.75. Following the transaction, the executive vice president now directly owns 85,012 shares of the company’s stock, valued at $9,452,484.28. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Burton M. Goldfield sold 7,100 shares of the firm’s stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $104.15, for a total transaction of $739,465.00. Following the completion of the transaction, the chief executive officer now directly owns 170,703 shares in the company, valued at $17,778,717.45. The disclosure for this sale can be found here. In the last 90 days, insiders sold 74,109 shares of company stock worth $8,083,113. 40.60% of the stock is owned by insiders.

Hedge Funds Weigh In On TriNet Group

Hedge funds have recently bought and sold shares of the company. Avion Wealth boosted its stake in shares of TriNet Group by 85.3% in the 2nd quarter. Avion Wealth now owns 354 shares of the business services provider’s stock valued at $33,000 after purchasing an additional 163 shares in the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of TriNet Group by 2,866.7% in the 1st quarter. Nisa Investment Advisors LLC now owns 445 shares of the business services provider’s stock valued at $36,000 after purchasing an additional 430 shares in the last quarter. Amundi acquired a new stake in shares of TriNet Group in the 4th quarter valued at approximately $33,000. Captrust Financial Advisors boosted its stake in shares of TriNet Group by 78.7% in the 2nd quarter. Captrust Financial Advisors now owns 620 shares of the business services provider’s stock valued at $48,000 after purchasing an additional 273 shares in the last quarter. Finally, Ronald Blue Trust Inc. boosted its stake in shares of TriNet Group by 351.0% in the 3rd quarter. Ronald Blue Trust Inc. now owns 690 shares of the business services provider’s stock valued at $80,000 after purchasing an additional 537 shares in the last quarter. 93.58% of the stock is owned by institutional investors.

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.