Zacks Investment Research lowered shares of TriNet Group (NYSE:TNET) from a hold rating to a sell rating in a report released on Saturday, Zacks.com reports.

According to Zacks, “TriNet Group, Inc. is a provider of a comprehensive human resources solution for small to medium-sized businesses. It offers payroll, tax administration, risk protection, performance management, compensation consulting, and employee benefit plans. The Company serves banking and financial services, biotech and life sciences, technology, non-profits, professional services, venture capital, and advertising and marketing industries. TriNet Group, Inc. is headquartered in San Leandro, California. “

Shares of TNET stock traded up $4.55 during trading on Friday, reaching $76.78. The company’s stock had a trading volume of 604,495 shares, compared to its average volume of 226,793. The firm’s fifty day moving average is $69.51. 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 stock has a market capitalization of $5.37 billion, a P/E ratio of 29.88 and a beta of 1.89. TriNet Group has a one year low of $38.74 and a one year high of $76.90.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, July 25th. The business services provider reported $0.70 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.70. The business had revenue of $231.00 million for the quarter, compared to analyst estimates of $221.25 million. TriNet Group had a net margin of 5.16% and a return on equity of 48.26%. The firm’s revenue for the quarter was up 5.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.87 earnings per share. On average, equities analysts forecast that TriNet Group will post 2.92 EPS for the current fiscal year.

In other TriNet Group news, Director Martin Babinec sold 23,500 shares of the company’s stock in a transaction on Wednesday, July 24th. The shares were sold at an average price of $71.41, for a total transaction of $1,678,135.00. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, VP Edward Griese sold 482 shares of the company’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $63.50, for a total transaction of $30,607.00. Following the sale, the vice president now directly owns 67,673 shares in the company, valued at $4,297,235.50. The disclosure for this sale can be found here. In the last three months, insiders sold 221,839 shares of company stock worth $14,640,633. 37.00% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Great West Life Assurance Co. Can raised its stake in shares of TriNet Group by 33.3% in the fourth quarter. Great West Life Assurance Co. Can now owns 5,706 shares of the business services provider’s stock valued at $231,000 after acquiring an additional 1,425 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of TriNet Group by 7.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 1,194,387 shares of the business services provider’s stock valued at $50,104,000 after acquiring an additional 87,241 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of TriNet Group by 10.2% in the fourth quarter. Geode Capital Management LLC now owns 607,825 shares of the business services provider’s stock valued at $25,498,000 after acquiring an additional 56,116 shares in the last quarter. Bank of America Corp DE raised its stake in shares of TriNet Group by 2.9% in the fourth quarter. Bank of America Corp DE now owns 57,120 shares of the business services provider’s stock valued at $2,396,000 after acquiring an additional 1,635 shares in the last quarter. Finally, Squarepoint Ops LLC raised its stake in shares of TriNet Group by 40.0% in the fourth quarter. Squarepoint Ops LLC now owns 6,161 shares of the business services provider’s stock valued at $258,000 after acquiring an additional 1,761 shares in the last quarter. 86.73% of the stock is currently 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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