TriNet Group Inc (TNET) Director Sells $1,610,100.00 in Stock

Share on StockTwits

TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 30,000 shares of the firm’s stock in a transaction that occurred on Friday, October 5th. The shares were sold at an average price of $53.67, for a total transaction of $1,610,100.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

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

  • On Thursday, September 6th, Martin Babinec sold 30,000 shares of TriNet Group stock. The shares were sold at an average price of $56.86, for a total transaction of $1,705,800.00.
  • On Tuesday, August 7th, Martin Babinec sold 30,000 shares of TriNet Group stock. The shares were sold at an average price of $54.93, for a total transaction of $1,647,900.00.

Shares of NYSE TNET opened at $48.51 on Friday. The firm has a market cap of $3.97 billion, a PE ratio of 28.20 and a beta of 2.40. TriNet Group Inc has a twelve month low of $33.41 and a twelve month high of $60.15. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.30.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Monday, July 30th. The business services provider reported $0.87 earnings per share for the quarter, topping analysts’ consensus estimates of $0.60 by $0.27. The company had revenue of $220.00 million for the quarter, compared to analysts’ expectations of $208.41 million. TriNet Group had a net margin of 6.54% and a return on equity of 74.08%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period last year, the firm posted $0.52 earnings per share. As a group, equities analysts anticipate that TriNet Group Inc will post 2.39 earnings per share for the current fiscal year.

A number of equities analysts have issued reports on the stock. Zacks Investment Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, July 3rd. Stifel Nicolaus raised their price objective on shares of TriNet Group from $64.00 to $66.00 and gave the company a “buy” rating in a research note on Tuesday, July 31st. Credit Suisse Group assumed coverage on shares of TriNet Group in a research note on Friday, August 10th. They issued a “neutral” rating and a $65.00 price objective on the stock. Finally, Morgan Stanley raised their price objective on shares of TriNet Group from $51.00 to $55.00 and gave the company a “hold” rating in a research note on Tuesday, July 31st. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average price target of $61.75.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Itau Unibanco Holding S.A. bought a new position in shares of TriNet Group during the second quarter worth $132,000. Point72 Asia Hong Kong Ltd bought a new position in shares of TriNet Group during the first quarter worth $142,000. SG Americas Securities LLC bought a new position in shares of TriNet Group during the first quarter worth $144,000. Mount Yale Investment Advisors LLC bought a new position in shares of TriNet Group during the first quarter worth $151,000. Finally, Brown Advisory Inc. bought a new position in shares of TriNet Group during the first quarter worth $232,000. 87.11% of the stock is currently 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.

Featured Story: What is a Tariff?

Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply