TriNet Group Inc (TNET) reported quarterly earnings results on Monday, May-2-2016. The company said it had a profit of $0.27 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.25. The company posted revenue of $732.90 million in the period, 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. 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 opened for trading at $16.57 and hit $16.92 on the upside on Wednesday, eventually ending the session at $16.85, with a gain of 1.44% or 0.24 points. The heightened volatility saw the trading volume jump to 3,45,546 shares. Company has a market cap of $1,191 M.
In a different news, on Apr 20, 2016, John W Turner (SR. VP of SALES) sold 5,000 shares at $15.84 per share price. According to the SEC, on Oct 26, 2015, Kenneth A Goldman (director) sold 20,000 shares at $20.00 per share price. On Aug 7, 2015, Brady Mickelsen (SVP & Chief Legal Officer) purchased 10,000 shares at $17.37 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.