TriNet Group (NYSE:TNET) Downgraded by StockNews.com

TriNet Group (NYSE:TNET) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a research note issued to investors on Monday.

TNET has been the topic of a number of other reports. Needham & Company LLC lowered their price target on TriNet Group from $150.00 to $140.00 and set a “buy” rating on the stock in a report on Friday. TD Cowen boosted their target price on TriNet Group from $129.00 to $140.00 and gave the stock an “outperform” rating in a research report on Monday, March 4th. Finally, Stifel Nicolaus raised their price target on shares of TriNet Group from $117.00 to $121.00 and gave the company a “buy” rating in a report on Friday, February 16th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, TriNet Group has a consensus rating of “Hold” and a consensus price target of $117.50.

TriNet Group Stock Down 2.3 %

TriNet Group stock traded down $2.41 during trading hours on Monday, hitting $103.31. The stock had a trading volume of 596,457 shares, compared to its average volume of 233,981. The stock’s 50-day moving average price is $127.52 and its 200-day moving average price is $119.27. The stock has a market capitalization of $5.22 billion, a P/E ratio of 16.94 and a beta of 1.09. TriNet Group has a 12-month low of $87.20 and a 12-month high of $134.67. The company has a quick ratio of 1.05, a current ratio of 1.05 and a debt-to-equity ratio of 12.62.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Thursday, February 15th. The business services provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $0.95 by $0.46. The company had revenue of $326.00 million during the quarter, compared to the consensus estimate of $300.36 million. TriNet Group had a net margin of 6.78% and a return on equity of 106.58%. Equities research analysts anticipate that TriNet Group will post 5.79 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, Director Wayne B. Lowell sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 21st. The shares were sold at an average price of $122.22, for a total value of $1,222,200.00. Following the transaction, the director now owns 84,766 shares of the company’s stock, valued at $10,360,100.52. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other TriNet Group news, SVP Alexander G. Warren sold 2,385 shares of the business’s stock in a transaction dated Tuesday, February 20th. The stock was sold at an average price of $123.07, for a total transaction of $293,521.95. Following the completion of the sale, the senior vice president now owns 18,365 shares of the company’s stock, valued at $2,260,180.55. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Wayne B. Lowell sold 10,000 shares of the company’s stock in a transaction dated Wednesday, February 21st. The stock was sold at an average price of $122.22, for a total value of $1,222,200.00. Following the completion of the sale, the director now owns 84,766 shares of the company’s stock, valued at approximately $10,360,100.52. The disclosure for this sale can be found here. Over the last three months, insiders have sold 31,052 shares of company stock valued at $3,837,142. Insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in TriNet Group by 11.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 897,009 shares of the business services provider’s stock worth $106,681,000 after buying an additional 89,797 shares during the period. Fuller & Thaler Asset Management Inc. boosted its stake in shares of TriNet Group by 2.7% in the third quarter. Fuller & Thaler Asset Management Inc. now owns 871,125 shares of the business services provider’s stock worth $101,469,000 after acquiring an additional 23,194 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of TriNet Group by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 812,990 shares of the business services provider’s stock worth $96,690,000 after acquiring an additional 37,851 shares during the period. Royal London Asset Management Ltd. grew its position in shares of TriNet Group by 2.1% during the third quarter. Royal London Asset Management Ltd. now owns 239,604 shares of the business services provider’s stock worth $27,920,000 after purchasing an additional 4,914 shares in the last quarter. Finally, Bank of New York Mellon Corp raised its stake in TriNet Group by 1.1% during the 3rd quarter. Bank of New York Mellon Corp now owns 181,542 shares of the business services provider’s stock valued at $21,146,000 after purchasing an additional 1,907 shares during the period. 96.81% of the stock is owned by hedge funds and other institutional investors.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. 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 benefits law compliance; and other HR related services.