Stifel Nicolaus Believes TriNet Group (NYSE: TNET) Still Has Room to Grow

By Carrie Williams

Stifel Nicolaus analyst David Grossman reiterated a Buy rating on TriNet Group (NYSE: TNET) today and set a price target of $64. The company’s shares closed yesterday at $51.65, close to its 52-week high of $52.43.

According to, Grossman is a 5-star analyst with an average return of 18.2% and a 66.3% 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 $55.

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The company has a one-year high of $52.43 and a one-year low of $28.81. Currently, TriNet Group has an average volume of 404.3K.

Based on the recent corporate insider activity of 104 insiders, corporate insider sentiment is negative on the stock. Most recently, in March 2018, Raymond Bingham, a Director at TNET sold 26,381 shares for a total of $1,251,970.

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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.