Insider Selling: TriNet Group Inc (TNET) Director Sells 30,000 Shares of Stock

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.

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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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