Martin Babinec Sells 46,912 Shares of TriNet Group, Inc. (TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 46,912 shares of the stock in a transaction that occurred on Thursday, August 10th. The shares were sold at an average price of $37.46, for a total transaction of $1,757,323.52. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

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

  • 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 Tuesday, July 11th, Martin Babinec sold 34,996 shares of TriNet Group stock. The shares were 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 shares were 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 shares were 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 shares were 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 shares were 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 shares were sold at an average price of $32.00, for a total transaction of $454,400.00.
  • On Wednesday, June 14th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $31.51, for a total transaction of $1,150,115.00.

TriNet Group, Inc. (TNET) opened at 37.37 on Friday. TriNet Group, Inc. has a 12-month low of $17.78 and a 12-month high of $41.58. The stock has a market capitalization of $2.59 billion, a price-to-earnings ratio of 25.11 and a beta of 2.94. The company has a 50 day moving average of $34.59 and a 200-day moving average of $30.30.

TriNet Group (NYSE:TNET) last announced its earnings results on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.27 by $0.18. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. The business had revenue of $201.01 million during the quarter, compared to the consensus estimate of $168.27 million. During the same period in the prior year, the company posted $0.27 EPS. The business’s quarterly revenue was up 7.3% on a year-over-year basis. On average, equities research analysts forecast that TriNet Group, Inc. will post $1.48 earnings per share for the current year.

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Hedge funds and other institutional investors have recently bought and sold shares of the stock. Stifel Financial Corp purchased a new position in TriNet Group during the first quarter valued at approximately $385,000. Envestnet Asset Management Inc. increased its position in TriNet Group by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock valued at $119,000 after buying an additional 483 shares in the last quarter. Ameritas Investment Partners Inc. purchased a new position in TriNet Group during the first quarter valued at approximately $105,000. Millrace Asset Group Inc. purchased a new position in TriNet Group during the first quarter valued at approximately $882,000. Finally, Trexquant Investment LP increased its position in TriNet Group by 182.6% in the first quarter. Trexquant Investment LP now owns 23,458 shares of the business services provider’s stock valued at $678,000 after buying an additional 15,158 shares in the last quarter. 52.96% of the stock is owned by hedge funds and other institutional investors.

TNET has been the subject of a number of research analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and set a $44.00 price objective (up from $37.00) on shares of TriNet Group in a report on Tuesday, August 1st. BidaskClub lowered shares of TriNet Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG increased their price objective on shares of TriNet Group from $30.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Finally, Zacks Investment Research lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Two investment analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. TriNet Group presently has a consensus rating of “Buy” and an average target price of $36.25.

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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