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.
COPYRIGHT VIOLATION NOTICE: “Martin Babinec Sells 30,000 Shares of TriNet Group Inc (TNET) Stock” was reported by Stock Observer and is the property of of Stock Observer. If you are reading this piece of content on another site, it was copied illegally and republished in violation of US & international copyright and trademark laws. The correct version of this piece of content can be viewed at https://www.thestockobserver.com/2019/01/11/martin-babinec-sells-30000-shares-of-trinet-group-inc-tnet-stock.html.
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.
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.