TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 30,000 shares of the firm’s stock in a transaction dated Wednesday, January 9th. The stock was sold at an average price of $43.45, for a total transaction of $1,303,500.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website.
Martin Babinec also recently made the following trade(s):
- On Thursday, December 6th, Martin Babinec sold 30,000 shares of TriNet Group stock. The stock was sold at an average price of $42.29, for a total transaction of $1,268,700.00.
- On Wednesday, November 7th, Martin Babinec sold 30,000 shares of TriNet Group stock. The stock was sold at an average price of $46.75, for a total transaction of $1,402,500.00.
Shares of NYSE TNET traded down $0.25 during mid-day trading on Friday, hitting $43.14. 174,900 shares of the stock were exchanged, compared to its average volume of 309,237. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 25.08 and a beta of 2.16. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.13. TriNet Group Inc has a twelve month low of $38.26 and a twelve month high of $60.15.
TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Monday, October 29th. The business services provider reported $0.75 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.20. The company had revenue of $228.00 million during the quarter, compared to analyst estimates of $202.65 million. TriNet Group had a net margin of 6.67% and a return on equity of 63.58%. The company’s revenue was up 11.2% on a year-over-year basis. During the same quarter last year, the business posted $0.56 earnings per share. On average, analysts forecast that TriNet Group Inc will post 2.54 earnings per share for the current year.
A number of research analysts have commented on TNET shares. ValuEngine upgraded shares of TriNet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Credit Suisse Group set a $54.00 price target on shares of TriNet Group and gave the stock a “hold” rating in a research note on Tuesday, October 30th. Three investment analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. TriNet Group presently has a consensus rating of “Hold” and an average price target of $59.00.
Several hedge funds and other institutional investors have recently bought and sold shares of TNET. United Services Automobile Association boosted its stake in TriNet Group by 19.9% in the second quarter. United Services Automobile Association now owns 7,565 shares of the business services provider’s stock valued at $423,000 after acquiring an additional 1,253 shares during the last quarter. Janus Henderson Group PLC lifted its position in TriNet Group by 31.6% in the 2nd quarter. Janus Henderson Group PLC now owns 5,973 shares of the business services provider’s stock valued at $334,000 after acquiring an additional 1,433 shares in the last quarter. Tower Research Capital LLC TRC bought a new stake in TriNet Group in the 3rd quarter valued at $106,000. First Quadrant L P CA lifted its position in TriNet Group by 11.9% in the 3rd quarter. First Quadrant L P CA now owns 25,295 shares of the business services provider’s stock valued at $1,425,000 after acquiring an additional 2,684 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in TriNet Group by 10.9% in the 3rd quarter. AQR Capital Management LLC now owns 35,427 shares of the business services provider’s stock valued at $1,995,000 after acquiring an additional 3,473 shares in the last quarter. 84.68% of the stock is owned by institutional investors.
About TriNet Group
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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