Insider Selling: TriNet Group Inc (TNET) VP Sells 1,396 Shares of Stock

TriNet Group Inc (NYSE:TNET) VP Edward Griese sold 1,396 shares of TriNet Group stock in a transaction that occurred on Friday, May 17th. The shares were sold at an average price of $61.00, for a total transaction of $85,156.00. Following the transaction, the vice president now directly owns 66,151 shares in the company, valued at approximately $4,035,211. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Edward Griese also recently made the following trade(s):

  • On Friday, May 3rd, Edward Griese sold 482 shares of TriNet Group stock. The shares were sold at an average price of $63.50, for a total transaction of $30,607.00.
  • On Monday, April 22nd, Edward Griese sold 1,403 shares of TriNet Group stock. The shares were sold at an average price of $59.20, for a total transaction of $83,057.60.
  • On Wednesday, April 3rd, Edward Griese sold 482 shares of TriNet Group stock. The shares were sold at an average price of $60.88, for a total transaction of $29,344.16.
  • On Wednesday, March 20th, Edward Griese sold 1,403 shares of TriNet Group stock. The shares were sold at an average price of $62.07, for a total transaction of $87,084.21.
  • On Monday, March 4th, Edward Griese sold 482 shares of TriNet Group stock. The shares were sold at an average price of $61.80, for a total transaction of $29,787.60.
  • On Wednesday, February 20th, Edward Griese sold 1,403 shares of TriNet Group stock. The shares were sold at an average price of $60.92, for a total transaction of $85,470.76.

Shares of TNET stock traded down $1.53 during mid-day trading on Friday, hitting $61.10. The company had a trading volume of 257,371 shares, compared to its average volume of 332,090. TriNet Group Inc has a 52-week low of $38.74 and a 52-week high of $65.09. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 1.18. The company has a market capitalization of $4.28 billion, a PE ratio of 23.77 and a beta of 2.12.

TriNet Group (NYSE:TNET) last released its earnings results on Monday, April 29th. The business services provider reported $0.87 EPS for the quarter, missing the consensus estimate of $0.88 by ($0.01). TriNet Group had a return on equity of 54.21% and a net margin of 5.62%. The company had revenue of $251.00 million during the quarter, compared to analysts’ expectations of $233.65 million. During the same period last year, the firm posted $0.80 EPS. TriNet Group’s quarterly revenue was up 14.1% compared to the same quarter last year. On average, research analysts predict that TriNet Group Inc will post 2.92 EPS for the current fiscal year.

Several hedge funds have recently added to or reduced their stakes in TNET. JPMorgan Chase & Co. lifted its holdings in shares of TriNet Group by 18.9% in the third quarter. JPMorgan Chase & Co. now owns 163,863 shares of the business services provider’s stock worth $9,229,000 after buying an additional 26,073 shares in the last quarter. AQR Capital Management LLC lifted its holdings in shares of TriNet Group by 10.9% in the third quarter. AQR Capital Management LLC now owns 35,427 shares of the business services provider’s stock worth $1,995,000 after buying an additional 3,473 shares in the last quarter. Reinhart Partners Inc. purchased a new position in shares of TriNet Group in the fourth quarter worth $3,808,000. James Investment Research Inc. lifted its holdings in shares of TriNet Group by 16.2% in the fourth quarter. James Investment Research Inc. now owns 37,557 shares of the business services provider’s stock worth $1,576,000 after buying an additional 5,249 shares in the last quarter. Finally, Strs Ohio lifted its holdings in shares of TriNet Group by 4.8% in the fourth quarter. Strs Ohio now owns 23,800 shares of the business services provider’s stock worth $998,000 after buying an additional 1,100 shares in the last quarter. 87.58% of the stock is currently owned by hedge funds and other institutional investors.

Several equities analysts have weighed in on TNET shares. Zacks Investment Research downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $50.00 price target on the stock. in a report on Saturday, January 26th. William Blair raised shares of TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 price target on the stock in a report on Tuesday, February 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised shares of TriNet Group from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $53.00 to $60.00 in a report on Friday, February 15th. Finally, ValuEngine raised shares of TriNet Group from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Four investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $58.63.

TRADEMARK VIOLATION NOTICE: “Insider Selling: TriNet Group Inc (TNET) VP Sells 1,396 Shares of Stock” was originally published by Baseball Daily News and is the property of of Baseball Daily News. If you are viewing this story on another publication, it was copied illegally and republished in violation of US & international trademark and copyright legislation. The original version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/05/18/insider-selling-trinet-group-inc-tnet-vp-sells-1396-shares-of-stock.html.

TriNet Group Company Profile

TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. 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 benefit law compliance; and other services.

Featured Article: How do candlesticks reflect price movement?

Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter.