TriNet Group, Inc. (TNET) Director Martin Babinec Sells 36,500 Shares

TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $34.91, for a total transaction of $1,274,215.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Martin Babinec also recently made the following trade(s):

  • On Thursday, September 7th, Martin Babinec sold 7,872 shares of TriNet Group stock. The stock was sold at an average price of $35.11, for a total transaction of $276,385.92.
  • On Wednesday, September 6th, Martin Babinec sold 28,628 shares of TriNet Group stock. The stock was sold at an average price of $35.32, for a total transaction of $1,011,140.96.
  • On Thursday, August 10th, Martin Babinec sold 46,912 shares of TriNet Group stock. The stock was sold at an average price of $37.46, for a total transaction of $1,757,323.52.
  • On Wednesday, August 9th, Martin Babinec sold 39,456 shares of TriNet Group stock. The stock was sold at an average price of $38.28, for a total transaction of $1,510,375.68.
  • On Friday, August 11th, Martin Babinec sold 111,855 shares of TriNet Group stock. The stock was sold at an average price of $37.75, for a total transaction of $4,222,526.25.
  • On Wednesday, July 12th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $33.22, for a total transaction of $1,212,530.00.

Shares of TriNet Group, Inc. (TNET) opened at 34.79 on Wednesday. The company has a market capitalization of $2.41 billion, a P/E ratio of 23.38 and a beta of 2.90. TriNet Group, Inc. has a 12-month low of $17.78 and a 12-month high of $41.58. The company’s 50 day moving average is $34.71 and its 200 day moving average is $32.73.

TriNet Group (NYSE:TNET) last issued its earnings results on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.27 by $0.18. The business had revenue of $201.01 million for the quarter, compared to the consensus estimate of $168.27 million. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.27 earnings per share. Analysts expect that TriNet Group, Inc. will post $1.49 earnings per share for the current fiscal year.

WARNING: “TriNet Group, Inc. (TNET) Director Martin Babinec Sells 36,500 Shares” was published by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece on another site, it was stolen and republished in violation of United States & international trademark & copyright legislation. The correct version of this piece can be accessed at https://stocknewstimes.com/2017/10/11/trinet-group-inc-tnet-director-martin-babinec-sells-36500-shares.html.

A number of hedge funds have recently added to or reduced their stakes in the business. Alps Advisors Inc. boosted its position in TriNet Group by 0.3% during the second quarter. Alps Advisors Inc. now owns 16,389 shares of the business services provider’s stock worth $537,000 after purchasing an additional 43 shares during the period. Envestnet Asset Management Inc. boosted its position in TriNet Group by 13.3% during the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock worth $119,000 after purchasing an additional 483 shares during the period. PNC Financial Services Group Inc. boosted its position in TriNet Group by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 108,778 shares of the business services provider’s stock worth $3,562,000 after purchasing an additional 716 shares during the period. Victory Capital Management Inc. boosted its position in TriNet Group by 18.6% during the first quarter. Victory Capital Management Inc. now owns 4,604 shares of the business services provider’s stock worth $133,000 after purchasing an additional 723 shares during the period. Finally, American International Group Inc. boosted its position in TriNet Group by 7.1% during the first quarter. American International Group Inc. now owns 25,946 shares of the business services provider’s stock worth $750,000 after purchasing an additional 1,717 shares during the period. 54.58% of the stock is owned by hedge funds and other institutional investors.

TNET has been the subject of several recent analyst reports. Morgan Stanley downgraded shares of TriNet Group from an “equal weight” rating to an “underweight” rating and upped their price objective for the stock from $27.00 to $31.00 in a report on Tuesday, August 22nd. BidaskClub downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price objective (up from $37.00) on shares of TriNet Group in a report on Tuesday, August 1st. J P Morgan Chase & Co downgraded shares of TriNet Group from a “neutral” rating to an “underweight” rating and upped their price objective for the stock from $33.00 to $36.00 in a report on Thursday, August 17th. Finally, Zacks Investment Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 21st. Three research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $37.40.

TriNet Group Company Profile

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as multi-state payroll processing and tax administration, employee benefits programs, including health insurance and retirement plans, workers’ compensation insurance and claims management, employment and benefit law compliance, and other services.

Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

Receive News & Ratings for TriNet Group Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

Leave a Reply