TriNet Group (NYSE:TNET) Rating Lowered to Hold at Needham & Company LLC

JPMorgan Chase & Co recently reaffirmed its "rating on TriNet Group stock with a price target of $103 in a report dated Tuesday, October 22nd. Among analysts covering the stock one recommends selling three suggest holding. Two advise buying. MarketBeat reports that the current consensus rating, on the stock is "Hold" with a price target of $118.40.

Explore our publication on TNET.

On Monday morning this week TNET opened at $80 and 31 cents on the New York Stock Exchange (NYSE). The companys financial health is indicated by a ratio of 1 point 04 and a current ratio of 1 point 04 as well as a debt to equity ratio of 9 point 84.The stock is currently trading below its fifty day moving average price of $96 and 79 cents but above its two hundred day moving average price of $102 and 72 cents.The company has a market capitalization of $4 billion, with a price to earnings ratio standing at around fifteen point forty seven and a beta value of one point seventeen. TriNet Groups stock hit a low of $74,32 and a high of $134,67, over the year.

TriNet Group (NYSE;TNET. Get Free Report) recently disclosed its financial results on Friday the 25th of October The company that offers business services reported an earning per share (EPS ) of $ 095 for the quarter which fell short of the predicted estimate by ($014). The company generated a revenue of 288 million dollars during the quarter in contrast to the expected total of 29794 million dollars TriNet Group achieved a margin rate of 529 % and a return, on equity rate of 26174 %.Analysts expect TriNet Group to achieve an earnings, per share of 5.13 for this year on average.

In a development update; Paul Edward Chamberlain recently sold 375 shares of the companys stock on Wednesday last week at an average price of $106 per share for a total of $39K+. After the sale was completed he now holds 37K+ shares valued around $4M+ indicating a negligible change in his stake, in the company. The details of the transaction were revealed in a document submitted to the Securities & Exchange Commission. Can be viewed using this link provided here.There was news that CFO Kelly L.Tuminelli sold 4,683 shares of the companys stock on Thursday August 29th.The shares were sold at a price of$102.96 resulting in a total sale amount of$482 161.68. Following this transaction the CFO now holds 82 409 shares of the companys stock valued at$8 484 830.64.There has been a decrease of 0% in their stock ownership indicated by the sale disclosed in a filing with the SEC and available on their website. Furthermore Director Paul Edward Chamberlain sold 375 shares of the stock on Wednesday, 31st July. The average selling price was $10650 resulting in a value of $39, 93750 Now after the sale the director directly owns 37, 966 shares, in the company valued at $4043, 379There was a 0 percent decrease, in their position. You can find the details of this sale here with company insiders owning 37 percent of the stock.

Several major investors have recently made changes to their investments in TNET (TriNet Group). Rothschild Investment LLC acquired a stake in TriNet Group during the second quarter valued at around $45,000.Blue Trust Inc increased its stake in TriNet Group by 24.0%. It now possesses 522 shares of the business service providers stock $52,000 after buying an additional 104 shares in the last quarter.Avion Wealth also raised its stake, in TriNet Group by 19.3% during the quarter. Avion Wealth currently holds 800 shares of the business services providers stock valued at $80K after acquiring a 129 shares in the previous quarter.LRI Investments LLC invested in TriNet Group during the quarter with a stake worth $81K.Lastly Headlands Technologies LLC also acquired a stake, in TriNet Group in the second quarter worth $93K.Institutional investors and hedge funds collectively possess 96.81 % of the companys stock.

TriNet Group Inc offers a range of human resource solutions tailored for medium sized enterprises across the United States including multi state payroll services and tax management as part of their comprehensive offerings like employee benefits such as health coverage and retirement plans along with services focusing on workers compensation insurance administration and claims handling in compliance, with employment and benefits regulations.

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Before looking into TriNet Groups offerings and services there's something you should know.

MarketBeat monitors the rated and most successful research analysts in Wall Street along with the stocks they are advising their clients to invest in daily basis.It has highlighted the five stocks that leading analysts are subtly suggesting to their clients as purchases before the wider market catches up... And surprisingly TriNet Group is not, among them.

Rated analysts have identified five stocks that they believe are better investments than TriNet Groups current "Hold" rated status, among analysts.