TriNet Group Inc (NYSE:TNET) Insider Sells $395,200.00 in Stock

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.

Several large investors have recently modified their holdings of TNET. Cantillon Capital Management LLC increased its stake in TriNet Group by 0.6% during the fourth quarter. Cantillon Capital Management LLC now owns 4,260,116 shares of the business services provider’s stock worth $178,712,000 after acquiring an additional 27,498 shares during the last quarter. BlackRock Inc. boosted its holdings in TriNet Group by 4.9% in the fourth quarter. BlackRock Inc. now owns 3,057,248 shares of the business services provider’s stock valued at $128,252,000 after purchasing an additional 142,778 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in TriNet Group by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,194,387 shares of the business services provider’s stock valued at $50,104,000 after purchasing an additional 87,241 shares during the last quarter. Norges Bank bought a new position in TriNet Group during the 4th quarter worth approximately $32,128,000. Finally, Geode Capital Management LLC lifted its holdings in TriNet Group by 10.2% during the 4th quarter. Geode Capital Management LLC now owns 607,825 shares of the business services provider’s stock worth $25,498,000 after buying an additional 56,116 shares during the last quarter. Institutional investors and hedge funds own 86.72% of the company’s stock.

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.

See Also: Google Finance Portfolio Tips and Tricks

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.