Equities Analysts Issue Forecasts for TriNet Group Inc’s Q4 2019 Earnings (TNET)

TriNet Group Inc (NYSE:TNET) – Research analysts at William Blair raised their Q4 2019 earnings estimates for TriNet Group in a report released on Monday, April 29th, Zacks Investment Research reports. William Blair analyst T. Mchugh now anticipates that the business services provider will post earnings of $0.77 per share for the quarter, up from their previous forecast of $0.76. William Blair has a “Outperform” rating and a $46.80 price target on the stock.

TNET has been the subject of several other reports. Zacks Investment Research downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a research report on Friday, February 8th. ValuEngine upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a research report on Friday, February 15th. Finally, JPMorgan Chase & Co. upgraded shares of TriNet Group from an “underweight” rating to a “neutral” rating and boosted their price objective for the company from $53.00 to $60.00 in a research report on Friday, February 15th. Four equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. The stock has an average rating of “Hold” and a consensus price target of $58.63.

Shares of TNET stock traded down $1.53 during trading on Thursday, hitting $61.10. The company had a trading volume of 257,300 shares, compared to its average volume of 347,949. TriNet Group has a one year low of $38.74 and a one year high of $65.09. The stock has a market cap of $4.30 billion, a P/E ratio of 23.77 and a beta of 2.12. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Monday, April 29th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.01). The company had revenue of $251.00 million during the quarter, compared to the consensus estimate of $233.65 million. TriNet Group had a net margin of 5.62% and a return on equity of 54.21%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm posted $0.80 earnings per share.

Several large investors have recently made changes to their positions in the company. Summit Trail Advisors LLC acquired a new position in shares of TriNet Group during the first quarter worth $594,000. Schonfeld Strategic Advisors LLC increased its holdings in shares of TriNet Group by 165.3% during the first quarter. Schonfeld Strategic Advisors LLC now owns 13,000 shares of the business services provider’s stock worth $777,000 after buying an additional 8,100 shares in the last quarter. Man Group plc increased its holdings in shares of TriNet Group by 111.2% during the first quarter. Man Group plc now owns 16,683 shares of the business services provider’s stock worth $997,000 after buying an additional 8,783 shares in the last quarter. M&T Bank Corp acquired a new position in shares of TriNet Group during the first quarter worth $412,000. Finally, SEI Investments Co increased its holdings in shares of TriNet Group by 12.5% during the first quarter. SEI Investments Co now owns 67,207 shares of the business services provider’s stock worth $4,021,000 after buying an additional 7,484 shares in the last quarter. Institutional investors own 87.58% of the company’s stock.

In other news, CEO Burton M. Goldfield sold 15,000 shares of the company’s stock in a transaction on Monday, April 22nd. The shares were sold at an average price of $59.20, for a total transaction of $888,000.00. Following the completion of the transaction, the chief executive officer now directly owns 343,751 shares in the company, valued at $20,350,059.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Burton M. Goldfield sold 27,521 shares of the company’s stock in a transaction on Wednesday, February 20th. The stock was sold at an average price of $60.87, for a total transaction of $1,675,203.27. Following the transaction, the chief executive officer now owns 173,985 shares of the company’s stock, valued at $10,590,466.95. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 240,139 shares of company stock valued at $14,793,520. Company insiders own 37.00% of the company’s stock.

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.

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