Stifel Nicolaus Believes TriNet Group (NYSE: TNET) Won’t Stop Here

By Jason Carr

Stifel Nicolaus analyst David Grossman reiterated a Buy rating on TriNet Group (NYSE: TNET) yesterday and set a price target of $59. The company’s shares closed yesterday at $48.14, close to its 52-week high of $49.

According to TipRanks.com, Grossman is a 5-star analyst with an average return of 18.7% and a 68.9% success rate. Grossman covers the Technology sector, focusing on stocks such as Automatic Data Processing, DXC Technology Company, and Exlservice Holdings.

TriNet Group has an analyst consensus of Moderate Buy, with a price target consensus of $50.

TriNet Group’s market cap is currently $3.36B and has a P/E ratio of 19.33. The company has a book value ratio of 16.3158.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. Last month, Raymond Bingham, a Director at TNET sold 26,381 shares for a total of $1,251,970.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

TriNet Group, Inc. provides human resources outsourcing solutions including industry solutions to small and mid sized businesses. Its services include payroll processing, human capital consulting, employment law compliance and employee benefits, such as health insurance, retirement plans, and workers compensation insurance.