Cantillon Capital Management adds TriNet Group Inc (TNET) to its portfolio

TriNet Group Inc (TNET) : Cantillon Capital Management added new position in TriNet Group Inc during the most recent quarter end. The investment management firm now holds 437,507 shares of TriNet Group Inc which is valued at $9,178,897 , the company said in a statement filed on Aug 3, 2016 with the SEC.TriNet Group Inc makes up approximately 0.15% of Cantillon Capital Management’s portfolio.

Other Hedge Funds, Including , California Public Employees Retirement System reduced its stake in TNET by selling 900 shares or 1.79% in the most recent quarter. The Hedge Fund company now holds 49,400 shares of TNET which is valued at $1,036,412. Quantitative Systematic Strategies sold out all of its stake in TNET during the most recent quarter. The investment firm sold 72,784 shares of TNET which is valued $1,578,685. Stoneridge Investment Partners added TNET to its portfolio by purchasing 81,034 company shares during the most recent quarter which is valued at $1,793,282. TriNet Group Inc makes up approx 0.25% of Stoneridge Investment Partners’s portfolio.

TriNet Group Inc closed down -0.01 points or -0.05% at $21 with 4,54,911 shares getting traded on Monday. Post opening the session at $21.1, the shares hit an intraday low of $20.93 and an intraday high of $21.34 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, TriNet Group Inc reported $0.27 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 1, 2016. Analyst had a consensus of $0.25. The company had revenue of $745.80 million for the quarter, compared to analysts expectations of $730.12 million. The company’s revenue was up 16.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on TriNet Group Inc. TriNet Group Inc was Downgraded by Morgan Stanley to ” Equal-Weight” on Aug 4, 2016. Company shares were Reiterated by Piper Jaffray on Aug 2, 2016 to “Neutral”, Firm has raised the Price Target to $ 21 from a previous price target of $18 .Company shares were Reiterated by Deutsche Bank on Aug 2, 2016 to “Buy”, Firm has raised the Price Target to $ 25 from a previous price target of $20 .

TriNet Group Inc. is a provider of a human resources solution for small to medium-sized businesses (SMBs). The Company’s human resource solution includes services such as payroll processing human capital consulting employment law compliance and employee benefits including health insurance retirement plans and workers compensation insurance. Its services are delivered by HR professionals and enabled by its cloud-based technology platform which allows its clients and employees of clients to conduct HR transactions anytime and anywhere. The Company serves thousands of clients in specific industry vertical markets including technology life sciences property management professional services banking and financial services retail manufacturing and hospitality services as well as non-profit entities. As of December 31 2014 it served over 10000 clients in all 50 states of the United States the District of Columbia and Canada.

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