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

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.

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

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