TriNet Group, Inc. (TNET) Director Sells $1,274,215.00 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $34.91, for a total value of $1,274,215.00. The transaction was disclosed in a legal filing with the SEC, which is available at 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 stock was sold at an average price of $35.11, for a total value of $276,385.92.
  • 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 value 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 value 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 value 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 value of $4,222,526.25.
  • 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 value of $1,212,530.00.

TriNet Group, Inc. (NYSE:TNET) opened at 34.04 on Friday. TriNet Group, Inc. has a one year low of $17.78 and a one year high of $41.58. The stock’s 50 day moving average price is $34.66 and its 200 day moving average price is $32.75. The firm has a market capitalization of $2.36 billion, a PE ratio of 22.88 and a beta of 2.89.

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

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Several large investors have recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in shares of TriNet Group by 8.1% during the 2nd quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock valued at $149,661,000 after acquiring an additional 342,250 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in TriNet Group by 8.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,026,624 shares of the business services provider’s stock worth $33,612,000 after buying an additional 75,862 shares in the last quarter. FMR LLC lifted its holdings in TriNet Group by 58.7% in the 2nd quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after buying an additional 335,381 shares in the last quarter. State Street Corp lifted its holdings in TriNet Group by 5.3% in the 2nd quarter. State Street Corp now owns 832,811 shares of the business services provider’s stock worth $27,265,000 after buying an additional 41,959 shares in the last quarter. Finally, Cramer Rosenthal Mcglynn LLC acquired a new position in TriNet Group in the 2nd quarter worth $18,537,000. Institutional investors and hedge funds own 54.58% of the company’s stock.

Several research analysts have recently weighed in on TNET shares. Stifel Nicolaus restated a “buy” rating and set a $44.00 target price (up from $37.00) on shares of TriNet Group in a report on Tuesday, August 1st. Zacks Investment Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 target price on the stock in a report on Saturday, August 5th. J P Morgan Chase & Co cut TriNet Group from a “neutral” rating to an “underweight” rating and boosted their target price for the stock from $33.00 to $36.00 in a report on Thursday, August 17th. Morgan Stanley cut TriNet Group from an “equal weight” rating to an “underweight” rating and boosted their target price for the stock from $27.00 to $31.00 in a report on Tuesday, August 22nd. Finally, BidaskClub upgraded TriNet Group from a “hold” rating to a “buy” rating in a report on Thursday, October 5th. Three research analysts have rated the stock with a sell rating, one has assigned a hold rating and two have assigned a buy rating to the company. TriNet Group presently has a consensus rating of “Hold” and a consensus price target 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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