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.
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.
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