TriNet Group Inc (NYSE:TNET) VP Sells $99,548.76 in Stock

TriNet Group Inc (NYSE:TNET) VP Edward Griese sold 1,396 shares of the company’s stock in a transaction that occurred on Wednesday, July 17th. The stock was sold at an average price of $71.31, for a total value of $99,548.76. Following the transaction, the vice president now directly owns 60,542 shares of the company’s stock, valued at $4,317,250.02. The sale was disclosed in a filing with the SEC, which is available through the SEC website.

Edward Griese also recently made the following trade(s):

  • On Wednesday, July 3rd, Edward Griese sold 482 shares of TriNet Group stock. The stock was sold at an average price of $68.63, for a total value of $33,079.66.
  • On Monday, June 17th, Edward Griese sold 1,396 shares of TriNet Group stock. The stock was sold at an average price of $69.03, for a total value of $96,365.88.
  • On Monday, June 3rd, Edward Griese sold 482 shares of TriNet Group stock. The stock was sold at an average price of $63.33, for a total value of $30,525.06.
  • On Friday, May 17th, Edward Griese sold 1,396 shares of TriNet Group stock. The stock was sold at an average price of $61.00, for a total value of $85,156.00.
  • On Friday, May 3rd, Edward Griese sold 482 shares of TriNet Group stock. The stock was sold at an average price of $63.50, for a total value of $30,607.00.
  • On Monday, April 22nd, Edward Griese sold 1,403 shares of TriNet Group stock. The shares were sold at an average price of $59.20, for a total value of $83,057.60.

NYSE TNET opened at $71.72 on Monday. The company has a fifty day moving average price of $68.27. TriNet Group Inc has a one year low of $38.74 and a one year high of $72.97. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 0.95. The firm has a market cap of $5.02 billion, a P/E ratio of 27.91 and a beta of 1.89.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Monday, April 29th. The business services provider reported $0.87 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.88 by ($0.01). TriNet Group had a net margin of 5.62% and a return on equity of 54.21%. The firm had revenue of $251.00 million during the quarter, compared to analyst estimates of $233.65 million. During the same period in the prior year, the company posted $0.80 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, research analysts predict that TriNet Group Inc will post 2.92 EPS for the current fiscal year.

Separately, Zacks Investment Research downgraded Hallmark Financial Services from a “buy” rating to a “hold” rating in a research note on Thursday. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. TriNet Group presently has an average rating of “Buy” and an average price target of $60.30.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hilton Capital Management LLC purchased a new stake in TriNet Group in the 1st quarter valued at $79,000. Advisory Services Network LLC grew its holdings in shares of TriNet Group by 1,385.3% during the 4th quarter. Advisory Services Network LLC now owns 1,411 shares of the business services provider’s stock worth $59,000 after purchasing an additional 1,316 shares during the period. Quantamental Technologies LLC purchased a new position in shares of TriNet Group during the 1st quarter worth $100,000. NumerixS Investment Technologies Inc purchased a new position in shares of TriNet Group during the 1st quarter worth $130,000. Finally, ARP Americas LP purchased a new position in shares of TriNet Group during the 1st quarter worth $209,000. 86.72% of the stock is owned by hedge funds and other institutional investors.

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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Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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