TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 36,500 shares of TriNet Group stock in a transaction that occurred on Wednesday, December 6th. The shares were sold at an average price of $44.21, for a total value of $1,613,665.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Martin Babinec also recently made the following trade(s):
- On Tuesday, November 7th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $41.17, for a total value of $1,502,705.00.
- On Thursday, October 5th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $34.91, for a total value of $1,274,215.00.
TriNet Group, Inc. (TNET) traded up $0.27 during trading on Friday, reaching $43.40. 429,029 shares of the company’s stock traded hands, compared to its average volume of 327,863. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.18 and a current ratio of 1.18. The firm has a market capitalization of $2,996.90, a price-to-earnings ratio of 26.14 and a beta of 3.02. TriNet Group, Inc. has a 12-month low of $24.09 and a 12-month high of $45.11.
TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.26 by $0.30. The firm had revenue of $205.90 million for the quarter, compared to analyst estimates of $174.89 million. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.29 earnings per share. analysts predict that TriNet Group, Inc. will post 1.77 EPS for the current fiscal year.
A number of research analysts recently commented on the stock. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Morgan Stanley raised their price objective on shares of TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Finally, Zacks Investment Research upgraded shares of TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, November 9th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $38.00.
Institutional investors have recently bought and sold shares of the business. New York State Common Retirement Fund grew its position in TriNet Group by 25.0% in the second quarter. New York State Common Retirement Fund now owns 68,287 shares of the business services provider’s stock worth $2,236,000 after buying an additional 13,651 shares during the last quarter. Ameriprise Financial Inc. acquired a new position in TriNet Group in the second quarter worth approximately $2,201,000. Chicago Equity Partners LLC grew its position in TriNet Group by 41.8% in the second quarter. Chicago Equity Partners LLC now owns 108,150 shares of the business services provider’s stock worth $3,541,000 after buying an additional 31,900 shares during the last quarter. Dynamic Technology Lab Private Ltd acquired a new position in TriNet Group in the third quarter worth approximately $827,000. Finally, American Century Companies Inc. acquired a new position in TriNet Group in the third quarter worth approximately $3,573,000. Hedge funds and other institutional investors own 56.52% of the company’s stock.
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About TriNet Group
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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