Investment analysts at Berenberg Bank initiated coverage on shares of TriNet Group (NYSE:TNET) in a research report issued on Friday, Briefing.com Automated Import reports. The firm set a “buy” rating on the business services provider’s stock.

TNET has been the subject of a number of other reports. Zacks Investment Research raised shares of TriNet Group from a “sell” rating to a “buy” rating and set a $82.00 price objective for the company in a report on Thursday, August 1st. ValuEngine downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Wednesday, September 4th. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $60.70.

Shares of NYSE TNET traded up $1.73 during mid-day trading on Friday, reaching $63.86. 56,252 shares of the company were exchanged, compared to its average volume of 304,422. TriNet Group has a 52 week low of $38.74 and a 52 week high of $76.92. The company has a quick ratio of 1.19, a current ratio of 1.19 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $4.36 billion, a PE ratio of 24.85 and a beta of 1.89. The company’s 50 day moving average price is $68.97 and its 200 day moving average price is $65.23.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.70 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.70. TriNet Group had a net margin of 5.16% and a return on equity of 46.35%. The company had revenue of $231.00 million during the quarter, compared to the consensus estimate of $221.25 million. During the same period in the previous year, the firm posted $0.87 EPS. The firm’s revenue was up 5.0% compared to the same quarter last year. On average, sell-side analysts predict that TriNet Group will post 2.98 earnings per share for the current year.

In other TriNet Group news, CEO Burton M. Goldfield sold 6,000 shares of the business’s stock in a transaction on Tuesday, June 25th. The shares were sold at an average price of $67.86, for a total value of $407,160.00. Following the completion of the sale, the chief executive officer now directly owns 319,973 shares of the company’s stock, valued at $21,713,367.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Michael P. Murphy sold 966 shares of the business’s stock in a transaction on Monday, August 19th. The stock was sold at an average price of $68.81, for a total transaction of $66,470.46. Following the completion of the sale, the insider now directly owns 44,673 shares of the company’s stock, valued at $3,073,949.13. The disclosure for this sale can be found here. Insiders sold 141,990 shares of company stock valued at $9,844,243 over the last three months. 37.00% of the stock is currently owned by insiders.

Institutional investors have recently bought and sold shares of the business. Advisor Group Inc. raised its stake in shares of TriNet Group by 5.2% during the second quarter. Advisor Group Inc. now owns 3,158 shares of the business services provider’s stock valued at $215,000 after acquiring an additional 155 shares during the last quarter. ARP Americas LP raised its stake in shares of TriNet Group by 5.7% during the second quarter. ARP Americas LP now owns 3,700 shares of the business services provider’s stock valued at $251,000 after acquiring an additional 200 shares during the last quarter. AQR Capital Management LLC raised its stake in shares of TriNet Group by 3.1% during the second quarter. AQR Capital Management LLC now owns 18,552 shares of the business services provider’s stock valued at $1,258,000 after acquiring an additional 561 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TriNet Group by 19.3% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,626 shares of the business services provider’s stock valued at $217,000 after acquiring an additional 587 shares during the last quarter. Finally, Pier 88 Investment Partners LLC raised its stake in shares of TriNet Group by 5.9% during the second quarter. Pier 88 Investment Partners LLC now owns 13,545 shares of the business services provider’s stock valued at $918,000 after acquiring an additional 760 shares during the last quarter. 86.51% of the stock is owned by institutional investors and hedge funds.

TriNet Group Company Profile

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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