TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $44.21, for a total transaction of $1,613,665.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 $0.15 during midday trading on Thursday, hitting $43.80. The stock had a trading volume of 316,200 shares, compared to its average volume of 303,018. TriNet Group, Inc. has a 12 month low of $23.91 and a 12 month high of $45.11. 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 $3,033.03, a PE ratio of 26.45 and a beta of 3.02.

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, beating the Zacks’ consensus estimate of $0.26 by $0.30. TriNet Group had a return on equity of 156.96% and a net margin of 4.15%. The firm had revenue of $205.90 million during the quarter, compared to the consensus estimate of $174.89 million. During the same quarter in the previous year, the business earned $0.29 earnings per share. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. analysts forecast that TriNet Group, Inc. will post 1.77 EPS for the current fiscal year.

Hedge funds and other institutional investors have recently modified their holdings of the company. New York State Common Retirement Fund lifted its stake in shares of 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 acquiring an additional 13,651 shares in the last quarter. Ameriprise Financial Inc. acquired a new stake in shares of TriNet Group during the 2nd quarter worth approximately $2,201,000. Chicago Equity Partners LLC raised its position in shares of TriNet Group by 41.8% during the 2nd quarter. Chicago Equity Partners LLC now owns 108,150 shares of the business services provider’s stock worth $3,541,000 after purchasing an additional 31,900 shares during the period. Russell Investments Group Ltd. raised its position in shares of TriNet Group by 14.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 35,587 shares of the business services provider’s stock worth $1,165,000 after purchasing an additional 4,368 shares during the period. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of TriNet Group during the 3rd quarter worth approximately $827,000. 56.52% of the stock is owned by institutional investors.

A number of research firms have recently weighed in on TNET. BidaskClub cut TriNet Group from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Zacks Investment Research raised TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price target on the stock in a research report on Thursday, November 9th. J P Morgan Chase & Co lowered TriNet Group from a “neutral” rating to an “underweight” rating and raised their target price for the stock from $33.00 to $36.00 in a research report on Thursday, August 17th. Finally, Morgan Stanley downgraded TriNet Group from an “equal weight” rating to an “underweight” rating and raised their price target for the stock from $27.00 to $31.00 in a research note on Tuesday, August 22nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company. TriNet Group currently has an average rating of “Hold” and an average target price of $38.00.

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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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