TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 7,872 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $35.11, for a total transaction of $276,385.92. The sale 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 Wednesday, September 6th, Martin Babinec sold 28,628 shares of TriNet Group stock. The stock was sold at an average price of $35.32, for a total transaction of $1,011,140.96.
  • On Thursday, August 10th, Martin Babinec sold 46,912 shares of TriNet Group stock. The stock was sold at an average price of $37.46, for a total transaction of $1,757,323.52.
  • On Wednesday, August 9th, Martin Babinec sold 39,456 shares of TriNet Group stock. The stock was sold at an average price of $38.28, for a total transaction of $1,510,375.68.
  • On Friday, August 11th, Martin Babinec sold 111,855 shares of TriNet Group stock. The stock was sold at an average price of $37.75, for a total transaction of $4,222,526.25.
  • On Tuesday, July 11th, Martin Babinec sold 34,996 shares of TriNet Group stock. The stock was sold at an average price of $33.21, for a total transaction of $1,162,217.16.
  • On Wednesday, July 12th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $33.22, for a total transaction of $1,212,530.00.
  • On Tuesday, June 20th, Martin Babinec sold 16,998 shares of TriNet Group stock. The stock was sold at an average price of $32.09, for a total transaction of $545,465.82.
  • On Monday, June 19th, Martin Babinec sold 11,671 shares of TriNet Group stock. The stock was sold at an average price of $32.12, for a total transaction of $374,872.52.
  • On Wednesday, June 21st, Martin Babinec sold 48,300 shares of TriNet Group stock. The stock was sold at an average price of $32.17, for a total transaction of $1,553,811.00.
  • On Thursday, June 15th, Martin Babinec sold 14,200 shares of TriNet Group stock. The stock was sold at an average price of $32.00, for a total transaction of $454,400.00.

TriNet Group, Inc. (NYSE TNET) traded up 2.22% during midday trading on Friday, hitting $35.84. The stock had a trading volume of 264,788 shares. TriNet Group, Inc. has a 52 week low of $17.78 and a 52 week high of $41.58. The stock’s 50 day moving average price is $36.09 and its 200-day moving average price is $31.72. The company has a market cap of $2.49 billion, a PE ratio of 24.09 and a beta of 2.94.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Monday, July 31st. The business services provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.27 by $0.18. The firm had revenue of $201.01 million for the quarter, compared to analyst estimates of $168.27 million. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The company’s revenue for the quarter was up 7.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.27 earnings per share. Equities research analysts predict that TriNet Group, Inc. will post $1.49 earnings per share for the current year.

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Large investors have recently added to or reduced their stakes in the business. Dynamic Technology Lab Private Ltd acquired a new position in shares of TriNet Group during the first quarter worth approximately $434,000. Globeflex Capital L P acquired a new position in shares of TriNet Group during the first quarter worth approximately $409,000. Bank of America Corp DE lifted its position in shares of TriNet Group by 21.2% during the first quarter. Bank of America Corp DE now owns 213,234 shares of the business services provider’s stock worth $6,162,000 after purchasing an additional 37,295 shares in the last quarter. Swiss National Bank lifted its position in shares of TriNet Group by 3.1% during the first quarter. Swiss National Bank now owns 69,300 shares of the business services provider’s stock worth $2,003,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Trexquant Investment LP lifted its position in shares of TriNet Group by 182.6% during the first quarter. Trexquant Investment LP now owns 23,458 shares of the business services provider’s stock worth $678,000 after purchasing an additional 15,158 shares in the last quarter. Hedge funds and other institutional investors own 54.58% of the company’s stock.

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