Jefferies Maintains TriNet Group Inc to Hold with Price Target $20.00

Brokerage firm Jefferies Maintains its rating on TriNet Group Inc(NYSE:TNET). In a research note issued to the investors, the brokerage major Raises the price-target to $20.00 per share. The shares have been rated Hold. The rating by Jefferies was issued on Aug 5, 2016.

In a different note, On Aug 4, 2016, Morgan Stanley said it Downgrades its rating on TriNet Group Inc. The shares have been rated ‘Equal-weight’ by the firm.

TriNet Group Inc (TNET) made into the market gainers list on Wednesdays trading session with the shares advancing 0.57% or 0.12 points. Due to strong positive momentum, the stock ended at $21.04, which is also near the day’s high of $21.04. The stock began the session at $20.9 and the volume stood at 6,84,941 shares. The 52-week high of the shares is $22.97 and the 52 week low is $11.1. The company has a current market capitalization of $1,478 M and it has 7,02,48,142 shares in outstanding.

TriNet Group Inc(TNET) last announced its earnings results on Aug 1, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $149.17M. Analysts had an estimated revenue of $148.11M. Earnings per share were $0.27. Analysts had estimated an EPS of $0.25.

Several Insider Transactions has been reported to the SEC. On Jul 15, 2016, Burton M. Goldfield (PRESIDENT, CEO and DIRECTOR) sold 55,000 shares at $22.50 per share price.Also, On Jul 11, 2016, John W Turner (SR. VP of SALES) sold 5,000 shares at $21.20 per share price.On Oct 26, 2015, Kenneth A Goldman (director) sold 20,000 shares at $20.00 per share price, according to the Form-4 filing with the securities and exchange commission.

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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