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 firm’s stock in a transaction that occurred on Monday, January 8th. The shares were sold at an average price of $43.53, for a total transaction of $1,588,845.00. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink.

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

  • On Wednesday, December 6th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $44.21, for a total transaction of $1,613,665.00.
  • On Tuesday, November 7th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $41.17, for a total transaction of $1,502,705.00.

Shares of TriNet Group Inc (NYSE:TNET) opened at $43.73 on Wednesday. The firm has a market cap of $3,040.00, a P/E ratio of 23.14 and a beta of 3.01. TriNet Group Inc has a 1-year low of $24.09 and a 1-year high of $45.25. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.00.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.26 by $0.30. The firm had revenue of $205.90 million during the quarter, compared to analysts’ expectations of $174.89 million. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The firm’s revenue for the quarter was up 27.9% compared to the same quarter last year. During the same period last year, the firm posted $0.29 earnings per share. equities research analysts predict that TriNet Group Inc will post 1.77 EPS for the current fiscal year.

A number of institutional investors have recently bought and sold shares of TNET. Cramer Rosenthal Mcglynn LLC acquired a new position in TriNet Group in the 2nd quarter worth approximately $18,537,000. Vanguard Group Inc. boosted its stake in TriNet Group by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock worth $149,661,000 after purchasing an additional 342,250 shares during the period. FMR LLC boosted its stake in TriNet Group by 58.7% in the 2nd quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after purchasing an additional 335,381 shares during the period. Russell Investments Group Ltd. boosted its stake in TriNet Group by 644.8% in the 3rd quarter. Russell Investments Group Ltd. now owns 265,053 shares of the business services provider’s stock worth $8,911,000 after purchasing an additional 229,466 shares during the period. Finally, Mckinley Capital Management LLC Delaware acquired a new position in TriNet Group in the 2nd quarter worth approximately $5,218,000. 56.52% of the stock is owned by hedge funds and other institutional investors.

A number of brokerages recently weighed in on TNET. Zacks Investment Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, January 5th. Morgan Stanley raised their target price on shares of TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a report on Friday, November 3rd. Finally, BidaskClub upgraded shares of TriNet Group from a “hold” rating to a “buy” rating in a report on Tuesday, November 7th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and two have issued a buy rating to the stock. TriNet Group presently has a consensus rating of “Hold” and an average price target of $38.00.

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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)

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