TriNet Group Inc (NYSE:TNET) Insider Sells $465,538.83 in Stock

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.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Marshall Wace North America L.P. boosted its holdings in TriNet Group by 12,851.1% in the 1st quarter. Marshall Wace North America L.P. now owns 162,925 shares of the business services provider’s stock worth $9,733,000 after acquiring an additional 161,667 shares during the period. Marshall Wace LLP acquired a new position in shares of TriNet Group in the 1st quarter valued at approximately $4,223,000. Hilton Capital Management LLC acquired a new position in shares of TriNet Group in the 1st quarter valued at approximately $79,000. North Peak Capital Management LLC acquired a new position in shares of TriNet Group in the 1st quarter valued at approximately $8,864,000. Finally, ClariVest Asset Management LLC acquired a new position in shares of TriNet Group in the 1st quarter valued at approximately $3,263,000. Hedge funds and other institutional investors own 86.72% of the company’s stock.

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

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.