Lucus Advisors buys $701,569 stake in TriNet Group Inc (TNET)

TriNet Group Inc (TNET) : Lucus Advisors scooped up 23,930 additional shares in TriNet Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 13, 2016. The investment management firm now holds a total of 37,417 shares of TriNet Group Inc which is valued at $701,569.TriNet Group Inc makes up approximately 0.43% of Lucus Advisors’s portfolio.

Other Hedge Funds, Including , Susquehanna International Group Llp boosted its stake in TNET in the latest quarter, The investment management firm added 72,569 additional shares and now holds a total of 131,968 shares of TriNet Group Inc which is valued at $2.5 Million. TriNet Group Inc makes up approx 0.01% of Susquehanna International Group Llp’s portfolio. Trexquant Investment Lp added TNET to its portfolio by purchasing 48,906 company shares during the most recent quarter which is valued at $916,988. TriNet Group Inc makes up approx 0.11% of Trexquant Investment Lp’s portfolio.Blackrock Group Ltd boosted its stake in TNET in the latest quarter, The investment management firm added 5,036 additional shares and now holds a total of 16,809 shares of TriNet Group Inc which is valued at $315,169. Nine Chapters Capital Management sold out all of its stake in TNET during the most recent quarter. The investment firm sold 38,200 shares of TNET which is valued $716,250. Bronfman E.l. Rothschild sold out all of its stake in TNET during the most recent quarter. The investment firm sold 3,209 shares of TNET which is valued $57,473.

TriNet Group Inc opened for trading at $19.72 and hit $19.97 on the upside on Wednesday, eventually ending the session at $19.8, with a gain of 0.35% or 0.07 points. The heightened volatility saw the trading volume jump to 4,72,983 shares. Company has a market cap of $1,400 M.

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 May 2, 2016. Analyst had a consensus of $0.25. The company had revenue of $732.90 million for the quarter, compared to analysts expectations of $737.79 million. The company’s revenue was up 17.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.35 EPS.

Many Wall Street Analysts have commented on TriNet Group Inc. Company shares were Reiterated by Deutsche Bank on May 3, 2016 to “Buy”, Firm has raised the Price Target to $ 20 from a previous price target of $17 .Shares were Reiterated by Deutsche Bank on Mar 1, 2016 to “Buy” and Lowered the Price Target to $ 17 from a previous price target of $23 .

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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