TriNet Group (TNET) Rating Increased to Outperform at William Blair

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TriNet Group (NYSE:TNET) was upgraded by William Blair from a “market perform” rating to an “outperform” rating in a research note issued to investors on Tuesday, MarketBeat reports. The brokerage presently has a $46.80 price objective on the business services provider’s stock. William Blair’s target price would indicate a potential downside of 3.86% from the stock’s current price. The analysts noted that the move was a valuation call.

Other research analysts have also issued reports about the company. ValuEngine raised TriNet Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Zacks Investment Research lowered TriNet Group from a “buy” rating to a “hold” rating in a report on Friday, February 8th. Finally, Credit Suisse Group set a $54.00 price objective on TriNet Group and gave the company a “hold” rating in a report on Tuesday, October 30th. Four analysts have rated the stock with a hold rating and two have given a buy rating to the company. The company presently has an average rating of “Hold” and a consensus target price of $54.76.

Shares of TNET stock opened at $48.68 on Tuesday. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $3.26 billion, a PE ratio of 28.30 and a beta of 2.05. TriNet Group has a fifty-two week low of $38.74 and a fifty-two week high of $60.15.

In related news, Director Martin Babinec sold 30,000 shares of the firm’s stock in a transaction dated Tuesday, February 5th. The stock was sold at an average price of $46.09, for a total transaction of $1,382,700.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, VP Edward Griese sold 1,141 shares of the firm’s stock in a transaction dated Wednesday, December 19th. The stock was sold at an average price of $41.61, for a total value of $47,477.01. Following the sale, the vice president now directly owns 26,684 shares in the company, valued at $1,110,321.24. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,175 shares of company stock worth $7,231,523. 38.90% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the stock. Janus Henderson Group PLC grew its holdings in TriNet Group by 13,569.2% in the third quarter. Janus Henderson Group PLC now owns 816,463 shares of the business services provider’s stock valued at $45,983,000 after purchasing an additional 810,490 shares during the period. Emerald Mutual Fund Advisers Trust grew its holdings in TriNet Group by 54.0% in the fourth quarter. Emerald Mutual Fund Advisers Trust now owns 496,614 shares of the business services provider’s stock valued at $20,833,000 after purchasing an additional 174,063 shares during the period. Emerald Advisers LLC grew its holdings in TriNet Group by 48.7% in the fourth quarter. Emerald Advisers LLC now owns 526,871 shares of the business services provider’s stock valued at $22,102,000 after purchasing an additional 172,526 shares during the period. Matarin Capital Management LLC purchased a new position in shares of TriNet Group in the third quarter valued at approximately $9,537,000. Finally, BlackRock Inc. lifted its position in shares of TriNet Group by 4.9% in the fourth quarter. BlackRock Inc. now owns 3,057,248 shares of the business services provider’s stock valued at $128,252,000 after acquiring an additional 142,778 shares in the last quarter. 85.21% 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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