William Porter Sells 15,000 Shares of TriNet Group Inc (TNET) Stock

TriNet Group Inc (NYSE:TNET) insider William Porter sold 15,000 shares of the stock in a transaction dated Wednesday, April 5th. The shares were sold at an average price of $28.32, for a total value of $424,800.00. Following the transaction, the insider now directly owns 484,350 shares in the company, valued at approximately $13,716,792. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink.

William Porter also recently made the following trade(s):

  • On Tuesday, March 7th, William Porter sold 33,000 shares of TriNet Group stock. The shares were sold at an average price of $28.47, for a total value of $939,510.00.
  • On Friday, February 3rd, William Porter sold 12,000 shares of TriNet Group stock. The shares were sold at an average price of $24.95, for a total value of $299,400.00.

Shares of TriNet Group Inc (NYSE:TNET) traded up 0.07% during mid-day trading on Friday, hitting $28.65. The company’s stock had a trading volume of 54,525 shares. TriNet Group Inc has a 1-year low of $16.00 and a 1-year high of $30.17. The company has a 50-day moving average of $28.65 and a 200 day moving average of $25.04. The company has a market cap of $1.96 billion, a price-to-earnings ratio of 33.71 and a beta of 3.01.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Tuesday, February 28th. The business services provider reported $0.38 EPS for the quarter, beating the consensus estimate of $0.36 by $0.02. The firm earned $811.10 million during the quarter, compared to the consensus estimate of $168.19 million. TriNet Group had a net margin of 1.77% and a return on equity of 270.14%. The company’s quarterly revenue was up 11.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.31 earnings per share. On average, analysts expect that TriNet Group Inc will post $1.37 EPS for the current year.

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

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A number of research firms have issued reports on TNET. Deutsche Bank AG lowered TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 target price on the stock. in a report on Wednesday. Zacks Investment Research raised TriNet Group from a “hold” rating to a “buy” rating and set a $32.00 target price on the stock in a report on Wednesday, March 8th. TheStreet upgraded TriNet Group from a “c” rating to a “b” rating in a research report on Monday, March 27th. Finally, Stifel Nicolaus raised their price objective on TriNet Group from $31.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 1st. Five equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $26.29.

Several institutional investors have recently modified their holdings of the stock. Great West Life Assurance Co. Can increased its position in shares of TriNet Group by 143.8% in the third quarter. Great West Life Assurance Co. Can now owns 7,315 shares of the business services provider’s stock valued at $158,000 after buying an additional 4,315 shares during the period. First Trust Advisors LP increased its position in shares of TriNet Group by 272.0% in the third quarter. First Trust Advisors LP now owns 86,252 shares of the business services provider’s stock valued at $1,866,000 after buying an additional 63,066 shares during the period. PNC Financial Services Group Inc. increased its position in shares of TriNet Group by 83,204.0% in the third quarter. PNC Financial Services Group Inc. now owns 145,782 shares of the business services provider’s stock valued at $3,153,000 after buying an additional 145,607 shares during the period. UBS Asset Management Americas Inc. increased its position in shares of TriNet Group by 18.1% in the third quarter. UBS Asset Management Americas Inc. now owns 20,212 shares of the business services provider’s stock valued at $437,000 after buying an additional 3,100 shares during the period. Finally, Sei Investments Co. increased its position in shares of TriNet Group by 111.7% in the third quarter. Sei Investments Co. now owns 10,636 shares of the business services provider’s stock valued at $230,000 after buying an additional 5,611 shares during the period. 78.15% of the stock is owned by hedge funds and other institutional investors.

About TriNet Group

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.

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