Martin Babinec Sells 30,000 Shares of TriNet Group Inc (TNET) Stock

TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 30,000 shares of the firm’s stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $43.45, for a total transaction of $1,303,500.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

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

  • On Thursday, December 6th, Martin Babinec sold 30,000 shares of TriNet Group stock. The shares were 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 shares were sold at an average price of $46.75, for a total transaction of $1,402,500.00.

TNET stock traded down $0.25 during midday trading on Friday, reaching $43.14. The company’s stock had a trading volume of 174,900 shares, compared to its average volume of 309,237. TriNet Group Inc has a 52 week low of $38.26 and a 52 week high of $60.15. The stock has a market cap of $3.07 billion, a PE ratio of 25.08 and a beta of 2.16. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.20 and a current ratio of 1.20.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Monday, October 29th. The business services provider reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.20. TriNet Group had a net margin of 6.67% and a return on equity of 63.58%. The firm had revenue of $228.00 million for the quarter, compared to analysts’ expectations of $202.65 million. During the same period last year, the firm earned $0.56 earnings per share. The business’s revenue for the quarter was up 11.2% on a year-over-year basis. As a group, sell-side analysts predict that TriNet Group Inc will post 2.54 earnings per share for the current fiscal year.

A number of hedge funds have recently made changes to their positions in TNET. Tower Research Capital LLC TRC bought a new position in TriNet Group in the third quarter valued at approximately $106,000. Fox Run Management L.L.C. bought a new position in TriNet Group in the third quarter valued at approximately $239,000. Raymond James & Associates bought a new position in TriNet Group in the second quarter valued at approximately $246,000. Capital Fund Management S.A. bought a new position in TriNet Group in the third quarter valued at approximately $282,000. Finally, Janus Henderson Group PLC boosted its stake in TriNet Group by 31.6% in the second 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 during the last quarter. 84.68% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts recently weighed in on TNET shares. ValuEngine raised shares of TriNet Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Credit Suisse Group set a $54.00 price target on shares of TriNet Group and gave the company a “hold” rating in a report on Tuesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $59.00.

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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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