TriNet Group Inc (NYSE:TNET) insider Michael P. Murphy sold 7,351 shares of the business’s stock in a transaction dated Monday, June 3rd. The shares were sold at an average price of $63.33, for a total transaction of $465,538.83. Following the completion of the transaction, the insider now directly owns 53,002 shares of the company’s stock, valued at approximately $3,356,616.66. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink.
Shares of NYSE:TNET traded up $0.18 during trading on Friday, reaching $67.80. 716,689 shares of the stock were exchanged, compared to its average volume of 339,322. The company has a debt-to-equity ratio of 0.95, a quick ratio of 1.18 and a current ratio of 1.18. TriNet Group Inc has a 12-month low of $38.74 and a 12-month high of $70.70. The firm has a market capitalization of $4.69 billion, a price-to-earnings ratio of 26.38 and a beta of 1.94. The company has a 50-day moving average price of $64.99.
TriNet Group (NYSE:TNET) last issued its earnings results on Monday, April 29th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.88 by ($0.01). The firm had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $233.65 million. TriNet Group had a return on equity of 54.21% and a net margin of 5.62%. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.80 EPS. On average, analysts expect that TriNet Group Inc will post 2.92 earnings per share for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, April 17th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. TriNet Group currently has a consensus rating of “Hold” and a consensus target price of $58.63.
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.
Further Reading: Diversification
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