Trizetto Group’s Ho-Hum Opening Day

Trizetto Group Inc.’s stock turned in a lackluster performance Friday in its first day of trading. The shares closed unchanged at $9 after reaching $11 in Nasdaq trading. The previous day, the Newport Beach company sold 4.2 million shares at $9 each, raising about $35 million. The offering included 350,000 shares sold by former Chairman Raymond D. Croghan, who garnered $3.15 million. The shares were priced below the $12 range the company had anticipated. Jeff Margolis, Trizetto’s chief executive and president, acknowledged that the company faces a challenge in educating investors about its product. Trizetto provides data processing services to the health care industry. It also provides consulting services and has set up HealthWeb, a portal where customers exchange information and do business with the company.