TriNet Group Inc (NYSE:TNET) insider Michael P. Murphy sold 6,175 shares of TriNet Group stock in a transaction that occurred on Thursday, June 6th. The stock was sold at an average price of $64.00, for a total value of $395,200.00. Following the transaction, the insider now directly owns 51,226 shares in the company, valued at approximately $3,278,464. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Shares of NYSE:TNET traded up $0.85 during trading on Monday, reaching $68.65. The company had a trading volume of 350,700 shares, compared to its average volume of 339,418. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.18 and a quick ratio of 1.18. TriNet Group Inc has a fifty-two week low of $38.74 and a fifty-two week high of $70.70. The company has a market cap of $4.75 billion, a price-to-earnings ratio of 26.57 and a beta of 1.89. The firm’s fifty day moving average price is $64.99.
TriNet Group (NYSE:TNET) last posted its earnings results on Monday, April 29th. The business services provider reported $0.87 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 earnings per share. On average, equities research analysts expect that TriNet Group Inc will post 2.92 EPS for the current fiscal year.
Separately, Zacks Investment Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 17th. Four investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $58.63.
About TriNet Group
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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