TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the firm’s stock in a transaction dated Monday, January 8th. The shares were sold at an average price of $43.53, for a total transaction of $1,588,845.00. 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 Wednesday, December 6th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $44.21, for a total transaction of $1,613,665.00.
  • 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 transaction of $1,502,705.00.

TriNet Group Inc (TNET) traded up $0.08 on Tuesday, hitting $43.73. 296,209 shares of the stock were exchanged, compared to its average volume of 297,967. TriNet Group Inc has a one year low of $24.09 and a one year high of $45.25. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 3.00. The firm has a market cap of $3,060.00, a P/E ratio of 23.14 and a beta of 3.01.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.56 earnings per share for the quarter, beating analysts’ consensus estimates of $0.26 by $0.30. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The company had revenue of $205.90 million for the quarter, compared to the consensus estimate of $174.89 million. During the same period last year, the company posted $0.29 EPS. The firm’s quarterly revenue was up 27.9% compared to the same quarter last year. equities analysts predict that TriNet Group Inc will post 1.77 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the company. Victory Capital Management Inc. boosted its stake in shares of TriNet Group by 17.7% in the 2nd quarter. Victory Capital Management Inc. now owns 5,417 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 813 shares in the last quarter. BNP Paribas Arbitrage SA boosted its stake in shares of TriNet Group by 596.6% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 4,886 shares in the last quarter. SG Americas Securities LLC acquired a new stake in shares of TriNet Group in the 2nd quarter valued at approximately $194,000. Sei Investments Co. boosted its stake in shares of TriNet Group by 112.0% in the 3rd quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 4,181 shares in the last quarter. Finally, ARP Americas LLC acquired a new stake in shares of TriNet Group in the 3rd quarter valued at approximately $286,000. Institutional investors own 56.52% of the company’s stock.

TNET has been the topic of several recent analyst reports. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. Zacks Investment Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Thursday, September 21st. Finally, Morgan Stanley raised their target price on shares of TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a report on Friday, November 3rd. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus price target 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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