TriNet Group Inc (NYSE:TNET) Director Martin Babinec Sells 30,200 Shares

TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 30,200 shares of the company’s stock in a transaction on Wednesday, June 12th. The stock was sold at an average price of $68.01, for a total value of $2,053,902.00. The sale was disclosed in a filing with the SEC, which is accessible through this link.

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

  • On Friday, June 7th, Martin Babinec sold 40,783 shares of TriNet Group stock. The stock was sold at an average price of $65.29, for a total value of $2,662,722.07.
  • On Friday, May 3rd, Martin Babinec sold 24,693 shares of TriNet Group stock. The stock was sold at an average price of $63.68, for a total value of $1,572,450.24.
  • On Monday, May 6th, Martin Babinec sold 30,517 shares of TriNet Group stock. The stock was sold at an average price of $63.93, for a total value of $1,950,951.81.
  • On Wednesday, April 24th, Martin Babinec sold 23,500 shares of TriNet Group stock. The stock was sold at an average price of $61.51, for a total value of $1,445,485.00.

TNET traded down $0.12 on Friday, reaching $69.01. The stock had a trading volume of 174,209 shares, compared to its average volume of 343,816. TriNet Group Inc has a fifty-two week low of $38.74 and a fifty-two week high of $69.81. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. The stock has a market cap of $4.81 billion, a PE ratio of 26.85 and a beta of 1.94.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Monday, April 29th. The business services provider reported $0.87 earnings per share for the quarter, missing the consensus estimate of $0.88 by ($0.01). The company had revenue of $251.00 million during the quarter, compared to analyst estimates of $233.65 million. TriNet Group had a net margin of 5.62% and a return on equity of 54.21%. The company’s quarterly revenue was up 14.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.80 EPS. On average, equities research analysts expect that TriNet Group Inc will post 2.92 EPS for the current year.

Hedge funds have recently modified their holdings of the company. Marshall Wace North America L.P. boosted its position in shares of TriNet Group by 12,851.1% during the 1st quarter. Marshall Wace North America L.P. now owns 162,925 shares of the business services provider’s stock valued at $9,733,000 after purchasing an additional 161,667 shares in the last quarter. Marshall Wace LLP bought a new stake in shares of TriNet Group during the 1st quarter valued at about $4,223,000. Summit Trail Advisors LLC bought a new stake in shares of TriNet Group during the 1st quarter valued at about $594,000. Schonfeld Strategic Advisors LLC boosted its position in shares of TriNet Group by 165.3% during the 1st quarter. Schonfeld Strategic Advisors LLC now owns 13,000 shares of the business services provider’s stock valued at $777,000 after purchasing an additional 8,100 shares in the last quarter. Finally, Man Group plc boosted its position in shares of TriNet Group by 111.2% during the 1st quarter. Man Group plc now owns 16,683 shares of the business services provider’s stock valued at $997,000 after purchasing an additional 8,783 shares in the last quarter. 86.73% of the stock is owned by institutional investors.

A number of equities analysts have issued reports on TNET shares. Zacks Investment Research raised TriNet Group from a “sell” rating to a “strong-buy” rating and set a $70.00 target price for the company in a report on Friday, February 22nd. ValuEngine raised TriNet Group from a “hold” rating to a “buy” rating in a report on Friday, February 15th. Finally, JPMorgan Chase & Co. raised TriNet Group from an “underweight” rating to a “neutral” rating and upped their target price for the stock from $53.00 to $60.00 in a report on Friday, February 15th. Four research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $58.63.

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TriNet Group Company Profile

TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers 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.

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