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Merit Financial Group LLC sells TriNet Group, Inc. (NYSE:TNET) stock.

Merit Financial Group LLC sells TriNet Group, Inc. (NYSE:TNET) stock.

The most recent disclosure that Merit Financial Group LLC provided to the Securities and Exchange Commission indicated that the company’s holdings in TriNet Group, Inc. (NYSE: TNET) were reduced by 50.0% during the third quarter. The institutional investor has now acquired 12,815 shares of the business services provider’s stock following the period’s conclusion. They had a total of 12,815 shares in their possession at one point. The most recent report that Merit Financial Group LLC provided to the SEC indicated that the value of their holdings in TriNet Group was $913,000 at the end of the period covered by the report.

Recent transactions have caused adjustments to the proportion of the company’s stock that hedge funds and other institutional investors hold. These investors include pension funds, endowments, and foundations. The percentage of TriNet Group shares that Wellington Management Group LLP owns increased by 11.4% during the year’s first three months. Following the acquisition of an additional 430,430 shares during the most recent quarter, Wellington Management Group LLP now possesses 4,190,526 shares of the business services provider’s stock, which is currently valued at a total of $412,181,000. During the second quarter, Millennium Management LLC achieved a 1,442.2% increase in the percentage of TriNet Group shares that it owned. Millennium Management LLC now owns 374,732 shares of the business services provider’s stock, which has a market value of $29,087,000 after purchasing an additional 402,651 shares during the most recent period. This brings Millennium Management LLC’s total number of shares to 374,732 shares. During the second quarter, the Healthcare of Ontario Pension Plan Trust Fund decided to invest in the TriNet Group in the amount of $16,285,000. During the second quarter of the fiscal year, ExodusPoint Capital Management LP saw a 133.5% increase in the amount of TriNet Group shares it held in its portfolio. ExodusPoint Capital Management LP now has 40,019 shares of the business services provider’s stock, worth a combined total of $3,106,000. This is because the company made new purchases during the relevant time period that added up to 159,576 shares. And finally, but certainly not least, throughout the second quarter, Cubist Systematic Strategies LLC witnessed a growth of 54.5% in the size of its holdings in TriNet Group. After making an additional purchase of 99,430 shares during the period, Cubist Systematic Strategies LLC now has a total of 281,933 shares of the business services provider’s stock, which are worth a combined total of $21,884,000. Most of the company’s shares, or 91.65%, are owned by various hedge funds and other institutional investors.

TNET stock is a company that has recently captured the interest of various analysts. Credit Suisse Group characterized the company’s business as “neutral” in a research report published on Wednesday, October 26. The firm announced a reduction in the price objective they had set for TriNet Group shares, which went from $90.00 to $85.00. In a research report published on Wednesday, Cowen decreased their price target on TriNet Group shares from $70.00 to $67.00. The price objective that Cowen has set for TriNet Group shares fell from $75.00 to $70.00 the day after the market opened on October 26 and October 26, bringing the total price objective down by $5.00. StockNews.com released the initial research study on TriNet Group shares on October 12. On Wednesday, the report was made available to the public. They suggested that an interested party purchase the company. One equity research analyst has recommended selling the stock; three analysts have stated that investors should hold onto their shares; and a single analyst has given the stock a buy rating. According to Bloomberg, the current consensus rating for TriNet Group is “Hold,” and the price target for the company has been determined to be $79.50.

In related news, on Friday, October 28, Burton M. Goldfield, Chief Executive Officer of the company, sold 6,250 shares of company stock. This is another piece of recent information. During the sale, purchasers paid an average of $64.78 for each share, which resulted in a total cost of $404,875.00 associated with the transaction. After the completion of the transaction, the CEO is now the owner of 210,268 shares, which have a value of approximately $13,621,161.04. Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. Aside from that, on Friday, October 28 October 28, the company’s Chief Executive Officer, Burton M. Goldfield, sold 6,250 shares of company stock. The CEO now has 210,268 shares, valued at approximately $13,621,161.04, after selling the shares for a total of $404,875.00, which is equivalent to an average price of $64.78 per share. Access to the legal file that details the transaction’s disclosure can be gained through the Securities and Exchange Commission’s (SEC) website. This file can be found on the website. In addition, 3,280 shares of the company’s stock were sold by Alexander G. Warren, who is the Senior Vice President of Operations. This transaction took place on January 6. The total amount received for the sale of the shares was $229,960.80, and the price paid on average for each share was $70.11. As a result of the successful completion of the transaction, the senior vice president now owns 37,862 shares in the company. Based on the current market, the value of these shares is approximately $2,654,504.82. The disclosure about the purchase can be found in this particular location. Corporate insiders have made a total profit of $1,511,558 from the sale of 22,405 shares of company stock over the past three months. Now, company insiders hold 40.60% of their stock in their accounts.

When trading started on Friday, the price of one share of TriNet Group was $74.22 per share. The company has a price-to-earnings ratio of 12.77, and its beta value is 1.12. The market capitalization of the company is $4.62 billion. TriNet Group was $74.22 per share. The company has a price-to-earnings ratio of 12.77, and its beta value is 1.12. The market capitalization of the company is $4.62 billion. The current ratio, the quick ratio, and the debt-to-equity ratio all come in at 1.29, while the debt-to-equity ratio sits at 0.58. The current ratio, the quick ratio, and the debt-to-equity ratio all come in at 1.29. The price of TriNet Group, Inc. reached a one-year high of $103.36, while the price of the company’s stock fell to a one-year low of $60.60. The stock’s 50-day moving average is $68.67, and its 200-day moving average is $74.98.

Tuesday, October 25 October 25 was the day on which the public was given access to the most recent quarterly earnings report submitted by TriNet Group (NYSE: TNET). The provider of business services reported an EPS of $1.44 for the quarter, which is $0.63 more than the consensus estimate of $0.81 compiled by analysts. The company’s quarterly revenue came in at an impressive $369 million, which is quite a bit higher than the consensus forecast of $302.92 million provided by the market. The TriNet Group achieved a net margin of 7.71% and a return on equity of 51.00%. It is anticipated by those who follow the market that TriNet Group, Inc. will generate earnings of 5.52 cents per share this year.

TriNet Group, Inc. is a company that provides small and medium-sized businesses in the United States with human resources (HR) solutions, payroll services, employee benefits, and employment risk mitigation services. These services can be found on the TriNet Group, Inc. website. The business offers a comprehensive selection of human resources (HR)-related services, some examples of which are as follows:

Multistate payroll processing

Tax administration

Employee benefit plans (including retirement and health insurance)

Workers’ compensation insurance

Claims management

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