Algert Global buys $1,857,673 stake in TriNet Group Inc (TNET)

TriNet Group Inc (TNET) : Algert Global scooped up 60,761 additional shares in TriNet Group Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 12, 2016. The investment management firm now holds a total of 90,751 shares of TriNet Group Inc which is valued at $1,857,673.TriNet Group Inc makes up approximately 0.54% of Algert Global’s portfolio.

Other Hedge Funds, Including , Legal General Group Plc reduced its stake in TNET by selling 491 shares or 5.29% in the most recent quarter. The Hedge Fund company now holds 8,784 shares of TNET which is valued at $179,808.Cutler Group Lp reduced its stake in TNET by selling 441 shares or 83.68% in the most recent quarter. The Hedge Fund company now holds 86 shares of TNET which is valued at $1,816. Simplex Trading added TNET to its portfolio by purchasing 429 company shares during the most recent quarter which is valued at $9,005.Bnp Paribas Arbitrage Sa boosted its stake in TNET in the latest quarter, The investment management firm added 1,857 additional shares and now holds a total of 3,917 shares of TriNet Group Inc which is valued at $87,114.

TriNet Group Inc closed down -0.65 points or -3.08% at $20.47 with 2,53,447 shares getting traded on Tuesday. Post opening the session at $20.99, the shares hit an intraday low of $20.44 and an intraday high of $21.02 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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