TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 28,628 shares of the firm’s stock in a transaction that occurred on Wednesday, September 6th. The shares were sold at an average price of $35.32, for a total value of $1,011,140.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

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

  • On Thursday, September 7th, Martin Babinec sold 7,872 shares of TriNet Group stock. The shares were sold at an average price of $35.11, for a total value of $276,385.92.
  • On Thursday, August 10th, Martin Babinec sold 46,912 shares of TriNet Group stock. The shares were sold at an average price of $37.46, for a total value of $1,757,323.52.
  • On Wednesday, August 9th, Martin Babinec sold 39,456 shares of TriNet Group stock. The shares were sold at an average price of $38.28, for a total value of $1,510,375.68.
  • On Friday, August 11th, Martin Babinec sold 111,855 shares of TriNet Group stock. The shares were sold at an average price of $37.75, for a total value of $4,222,526.25.
  • On Tuesday, July 11th, Martin Babinec sold 34,996 shares of TriNet Group stock. The shares were sold at an average price of $33.21, for a total value of $1,162,217.16.
  • On Wednesday, July 12th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $33.22, for a total value of $1,212,530.00.
  • On Tuesday, June 20th, Martin Babinec sold 16,998 shares of TriNet Group stock. The shares were sold at an average price of $32.09, for a total value of $545,465.82.
  • On Monday, June 19th, Martin Babinec sold 11,671 shares of TriNet Group stock. The shares were sold at an average price of $32.12, for a total value of $374,872.52.
  • On Wednesday, June 21st, Martin Babinec sold 48,300 shares of TriNet Group stock. The shares were sold at an average price of $32.17, for a total value of $1,553,811.00.
  • On Thursday, June 15th, Martin Babinec sold 14,200 shares of TriNet Group stock. The shares were sold at an average price of $32.00, for a total value of $454,400.00.

Shares of TriNet Group, Inc. (TNET) traded up 2.22% during trading on Friday, reaching $35.84. The company’s stock had a trading volume of 264,788 shares. The company has a market capitalization of $2.49 billion, a P/E ratio of 24.09 and a beta of 2.94. TriNet Group, Inc. has a 12 month low of $17.78 and a 12 month high of $41.58. The company’s 50-day moving average is $36.09 and its 200-day moving average is $31.72.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.18. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The firm had revenue of $201.01 million during the quarter, compared to analysts’ expectations of $168.27 million. During the same quarter in the previous year, the company posted $0.27 EPS. TriNet Group’s revenue was up 7.3% on a year-over-year basis. On average, analysts forecast that TriNet Group, Inc. will post $1.49 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio grew its holdings in TriNet Group by 102.9% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 23,978 shares of the business services provider’s stock worth $785,000 after acquiring an additional 12,159 shares during the period. Mitra Capital LLC acquired a new stake in TriNet Group during the 2nd quarter worth $1,355,000. State Street Corp grew its holdings in TriNet Group by 5.3% during the 2nd quarter. State Street Corp now owns 832,811 shares of the business services provider’s stock worth $27,265,000 after acquiring an additional 41,959 shares during the period. Gotham Asset Management LLC acquired a new stake in TriNet Group during the 2nd quarter worth $1,026,000. Finally, Cornerstone Capital Management Holdings LLC. acquired a new stake in TriNet Group during the 2nd quarter worth $2,418,000. 54.58% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have issued reports on TNET shares. BidaskClub raised TriNet Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Zacks Investment Research raised TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 price target for the company in a research note on Saturday, August 5th. Morgan Stanley lowered TriNet Group from an “equal weight” rating to an “underweight” rating and increased their price target for the company from $27.00 to $31.00 in a research note on Tuesday, August 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price target (up from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. Finally, J P Morgan Chase & Co lowered TriNet Group from a “neutral” rating to an “underweight” rating and increased their price target for the company from $33.00 to $36.00 in a research note on Thursday, August 17th. Two analysts have rated the stock with a sell rating, one has given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $37.40.

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.

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

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