TriNet Group Inc (TNET) Director Sells $1,610,100.00 in Stock

TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 30,000 shares of the business’s stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $53.67, for a total transaction of $1,610,100.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, September 6th, Martin Babinec sold 30,000 shares of TriNet Group stock. The shares were sold at an average price of $56.86, for a total transaction of $1,705,800.00.
  • On Tuesday, August 7th, Martin Babinec sold 30,000 shares of TriNet Group stock. The shares were sold at an average price of $54.93, for a total transaction of $1,647,900.00.

Shares of TriNet Group stock opened at $48.51 on Friday. TriNet Group Inc has a 1-year low of $33.41 and a 1-year high of $60.15. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 1.30. The company has a market cap of $3.97 billion, a PE ratio of 28.20 and a beta of 2.40.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Monday, July 30th. The business services provider reported $0.87 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.27. TriNet Group had a net margin of 6.54% and a return on equity of 74.08%. The company had revenue of $220.00 million during the quarter, compared to the consensus estimate of $208.41 million. During the same quarter in the prior year, the firm posted $0.52 EPS. The firm’s quarterly revenue was up 9.5% on a year-over-year basis. On average, research analysts forecast that TriNet Group Inc will post 2.39 earnings per share for the current year.

Several institutional investors have recently modified their holdings of the company. Amalgamated Bank lifted its holdings in shares of TriNet Group by 20.7% during the 2nd quarter. Amalgamated Bank now owns 6,670 shares of the business services provider’s stock worth $373,000 after acquiring an additional 1,143 shares during the period. United Services Automobile Association lifted its holdings in shares of TriNet Group by 19.9% during the 2nd quarter. United Services Automobile Association now owns 7,565 shares of the business services provider’s stock worth $423,000 after acquiring an additional 1,253 shares during the period. Stifel Financial Corp lifted its holdings in shares of TriNet Group by 28.4% during the 1st quarter. Stifel Financial Corp now owns 6,041 shares of the business services provider’s stock worth $279,000 after acquiring an additional 1,335 shares during the period. Janus Henderson Group PLC lifted its holdings in shares of TriNet Group by 31.6% during the 2nd quarter. Janus Henderson Group PLC now owns 5,973 shares of the business services provider’s stock worth $334,000 after acquiring an additional 1,433 shares during the period. Finally, Xact Kapitalforvaltning AB lifted its holdings in shares of TriNet Group by 31.9% during the 2nd quarter. Xact Kapitalforvaltning AB now owns 7,037 shares of the business services provider’s stock worth $394,000 after acquiring an additional 1,700 shares during the period. 87.11% of the stock is owned by institutional investors.

TNET has been the subject of a number of recent research reports. Morgan Stanley boosted their price objective on shares of TriNet Group from $51.00 to $55.00 and gave the company a “hold” rating in a report on Tuesday, July 31st. Zacks Investment Research raised shares of TriNet Group from a “hold” rating to a “buy” rating and set a $61.00 price objective for the company in a report on Saturday, August 4th. Credit Suisse Group initiated coverage on shares of TriNet Group in a report on Friday, August 10th. They issued a “neutral” rating and a $65.00 price objective for the company. Finally, Stifel Nicolaus boosted their price objective on shares of TriNet Group from $64.00 to $66.00 and gave the company a “buy” rating in a report on Tuesday, July 31st. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $61.75.

TriNet Group Company Profile

TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers 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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Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

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