Stifel Financial Corp Sells 4,651 Shares of TriNet Group Inc (TNET)

Stifel Financial Corp lowered its holdings in TriNet Group Inc (NYSE:TNET) by 46.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,373 shares of the business services provider’s stock after selling 4,651 shares during the period. Stifel Financial Corp’s holdings in TriNet Group were worth $222,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Sapphire Star Partners LP increased its position in shares of TriNet Group by 2.7% in the fourth quarter. Sapphire Star Partners LP now owns 8,203 shares of the business services provider’s stock worth $345,000 after acquiring an additional 212 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of TriNet Group by 21.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,039 shares of the business services provider’s stock worth $127,000 after acquiring an additional 546 shares in the last quarter. ETRADE Capital Management LLC increased its position in shares of TriNet Group by 2.7% in the fourth quarter. ETRADE Capital Management LLC now owns 28,628 shares of the business services provider’s stock worth $1,201,000 after acquiring an additional 741 shares in the last quarter. Strs Ohio increased its position in shares of TriNet Group by 4.8% in the fourth quarter. Strs Ohio now owns 23,800 shares of the business services provider’s stock worth $998,000 after acquiring an additional 1,100 shares in the last quarter. Finally, Great West Life Assurance Co. Can increased its position 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 worth $231,000 after acquiring an additional 1,425 shares in the last quarter. 86.55% of the stock is owned by institutional investors.

In other TriNet Group news, Director Wayne B. Lowell sold 20,000 shares of the stock in a transaction on Tuesday, February 19th. The shares were sold at an average price of $60.55, for a total transaction of $1,211,000.00. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Edward Griese sold 1,141 shares of the stock in a transaction on Tuesday, January 22nd. The shares were sold at an average price of $45.11, for a total transaction of $51,470.51. Following the transaction, the vice president now owns 22,292 shares in the company, valued at $1,005,592.12. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 164,901 shares of company stock valued at $9,400,663. Company insiders own 37.00% of the company’s stock.

TNET opened at $59.97 on Friday. The firm has a market cap of $4.20 billion, a P/E ratio of 23.33 and a beta of 2.15. TriNet Group Inc has a twelve month low of $38.74 and a twelve month high of $63.65. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 1.04.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, February 14th. The business services provider reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.16. The business had revenue of $225.00 million during the quarter, compared to analyst estimates of $211.58 million. TriNet Group had a net margin of 5.48% and a return on equity of 56.98%. The business’s revenue was up 10.3% on a year-over-year basis. During the same period last year, the business earned $0.46 EPS. Equities analysts forecast that TriNet Group Inc will post 2.88 earnings per share for the current year.

A number of equities research analysts recently weighed in on TNET shares. JPMorgan Chase & Co. raised shares of TriNet Group from an “underweight” rating to a “neutral” rating and raised their price target for the company from $53.00 to $60.00 in a report on Friday, February 15th. Zacks Investment Research lowered shares of TriNet Group from a “buy” rating to a “hold” rating and set a $50.00 price target for the company. in a report on Saturday, January 26th. William Blair raised shares of TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 price target for the company in a report on Tuesday, February 12th. They noted that the move was a valuation call. Finally, ValuEngine raised shares of TriNet Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Four research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $58.63.

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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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Institutional Ownership by Quarter for TriNet Group (NYSE:TNET)

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