Stifel Nicolaus Reaffirms Buy Rating for TriNet Group Inc (TNET)

TriNet Group Inc (NYSE:TNET)‘s stock had its “buy” rating restated by Stifel Nicolaus in a report issued on Friday, April 14th.

TNET has been the topic of a number of other research reports. Zacks Investment Research upgraded TriNet Group from a “sell” rating to a “hold” rating in a report on Wednesday, February 1st. Deutsche Bank AG restated a “buy” rating and issued a $30.00 price target (up previously from $29.00) on shares of TriNet Group in a report on Friday, December 23rd. Finally, TheStreet upgraded TriNet Group from a “c” rating to a “b” rating in a report on Monday, March 27th. Six equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $26.86.

Analyst Recommendations for TriNet Group (NYSE:TNET)

TriNet Group (NYSE:TNET) traded up 0.46% during trading on Friday, hitting $30.76. The stock had a trading volume of 101,813 shares. The company has a market cap of $2.11 billion, a PE ratio of 28.01 and a beta of 3.01. The company’s 50 day moving average is $29.53 and its 200-day moving average is $26.53. TriNet Group has a 12 month low of $17.78 and a 12 month high of $33.49.

TriNet Group (NYSE:TNET) last released its earnings results on Tuesday, February 28th. The business services provider reported $0.38 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.36 by $0.02. TriNet Group had a return on equity of 270.14% and a net margin of 1.77%. The company had revenue of $811.10 million for the quarter, compared to analysts’ expectations of $168.19 million. During the same quarter in the previous year, the firm posted $0.31 EPS. The firm’s quarterly revenue was up 11.8% on a year-over-year basis. On average, equities research analysts predict that TriNet Group will post $1.42 earnings per share for the current year.

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In other news, VP Edward Griese sold 18,056 shares of the firm’s stock in a transaction dated Monday, March 13th. The stock was sold at an average price of $29.28, for a total transaction of $528,679.68. Following the completion of the sale, the vice president now directly owns 1,000 shares in the company, valued at $29,280. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Burton M. Goldfield sold 25,800 shares of TriNet Group stock in a transaction dated Thursday, April 13th. The stock was sold at an average price of $28.05, for a total value of $723,690.00. Following the completion of the transaction, the chief executive officer now owns 14,134 shares of the company’s stock, valued at $396,458.70. The disclosure for this sale can be found here. Insiders sold 298,886 shares of company stock worth $8,849,224 over the last three months. 42.40% of the stock is currently owned by corporate insiders.

Institutional investors have recently modified their holdings of the company. Cantillon Capital Management LLC boosted its position in shares of TriNet Group by 522.6% in the third quarter. Cantillon Capital Management LLC now owns 2,723,916 shares of the business services provider’s stock worth $58,919,000 after buying an additional 2,286,409 shares in the last quarter. Arrowpoint Asset Management LLC boosted its stake in TriNet Group by 20.4% in the fourth quarter. Arrowpoint Asset Management LLC now owns 4,915,192 shares of the business services provider’s stock worth $125,927,000 after buying an additional 831,353 shares during the period. Macquarie Group Ltd. boosted its stake in TriNet Group by 1,275.3% in the fourth quarter. Macquarie Group Ltd. now owns 687,870 shares of the business services provider’s stock worth $17,623,000 after buying an additional 637,853 shares during the period. Norges Bank acquired a new stake in TriNet Group during the fourth quarter worth $13,382,000. Finally, Wellington Management Group LLP boosted its stake in TriNet Group by 9.4% in the first quarter. Wellington Management Group LLP now owns 4,970,312 shares of the business services provider’s stock worth $143,643,000 after buying an additional 428,077 shares during the period. 78.15% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Company Profile

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as 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.

5 Day Chart for NYSE:TNET

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