TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the firm’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $34.91, for a total transaction of $1,274,215.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

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 transaction of $276,385.92.
  • On Wednesday, September 6th, Martin Babinec sold 28,628 shares of TriNet Group stock. The shares were 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 shares were 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 shares were 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 shares were sold at an average price of $37.75, for a total transaction of $4,222,526.25.
  • 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 transaction of $1,212,530.00.

TriNet Group, Inc. (NYSE:TNET) traded up 1.37% during mid-day trading on Tuesday, reaching $34.79. 195,232 shares of the company were exchanged. The stock has a 50-day moving average price of $34.74 and a 200 day moving average price of $32.69. TriNet Group, Inc. has a one year low of $17.78 and a one year high of $41.58. The company has a market capitalization of $2.41 billion, a PE ratio of 23.38 and a beta of 2.90.

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 Thomson Reuters’ 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 analyst estimates of $168.27 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The business’s revenue for the quarter was up 7.3% compared to the same quarter last year. Analysts predict that TriNet Group, Inc. will post $1.49 EPS for the current year.

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Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Chicago Equity Partners LLC increased 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 valued at $3,541,000 after purchasing an additional 31,900 shares during the last quarter. Russell Investments Group Ltd. increased 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 valued at $1,165,000 after purchasing an additional 4,368 shares during the last quarter. Bank of America Corp DE increased its position in shares of TriNet Group by 21.2% during the 1st quarter. Bank of America Corp DE now owns 213,234 shares of the business services provider’s stock valued at $6,162,000 after purchasing an additional 37,295 shares during the last quarter. Globeflex Capital L P purchased a new stake in shares of TriNet Group during the 1st quarter valued at about $409,000. Finally, Swiss National Bank increased its position in shares of TriNet Group by 3.1% during the 1st quarter. Swiss National Bank now owns 69,300 shares of the business services provider’s stock valued at $2,003,000 after purchasing an additional 2,100 shares during the last quarter. 54.58% of the stock is owned by hedge funds and other institutional investors.

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