Martin Babinec Sells 36,500 Shares of TriNet Group, Inc. (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $33.22, for a total transaction of $1,212,530.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Tuesday, July 11th, Martin Babinec sold 34,996 shares of TriNet Group stock. The shares were sold at an average price of $33.21, for a total transaction of $1,162,217.16.
  • On Tuesday, June 20th, Martin Babinec sold 16,998 shares of TriNet Group stock. The shares were sold at an average price of $32.09, for a total transaction of $545,465.82.
  • On Monday, June 19th, Martin Babinec sold 11,671 shares of TriNet Group stock. The shares were sold at an average price of $32.12, for a total transaction of $374,872.52.
  • On Wednesday, June 21st, Martin Babinec sold 48,300 shares of TriNet Group stock. The shares were sold at an average price of $32.17, for a total transaction of $1,553,811.00.
  • On Thursday, June 15th, Martin Babinec sold 14,200 shares of TriNet Group stock. The shares were sold at an average price of $32.00, for a total transaction of $454,400.00.
  • On Wednesday, June 14th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $31.51, for a total transaction of $1,150,115.00.
  • On Thursday, May 11th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were sold at an average price of $30.98, for a total transaction of $1,130,770.00.

Shares of TriNet Group, Inc. (NYSE:TNET) traded up 1.05% on Friday, reaching $37.58. 255,214 shares of the company were exchanged. TriNet Group, Inc. has a 12-month low of $17.78 and a 12-month high of $41.58. The firm has a market capitalization of $2.61 billion, a PE ratio of 25.26 and a beta of 2.94. The company’s 50 day moving average is $34.45 and its 200 day moving average is $30.22.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The business had revenue of $201.01 million during the quarter, compared to the consensus estimate of $168.27 million. During the same quarter last year, the company posted $0.27 earnings per share. The firm’s quarterly revenue was up 7.3% compared to the same quarter last year. Analysts forecast that TriNet Group, Inc. will post $1.48 earnings per share for the current year.

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Several research analysts have recently weighed in on the stock. Zacks Investment Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective on the stock in a research note on Saturday, August 5th. Stifel Nicolaus restated a “buy” rating and set a $44.00 price objective (up from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. BidaskClub lowered shares of TriNet Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG boosted their price objective on shares of TriNet Group from $30.00 to $31.00 and gave the stock a “hold” rating in a research note on Wednesday, May 3rd. Two equities research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $36.25.

A number of hedge funds have recently bought and sold shares of TNET. Ameritas Investment Partners Inc. bought a new stake in TriNet Group during the first quarter worth about $105,000. Envestnet Asset Management Inc. increased its stake in TriNet Group by 13.3% in the first quarter. Envestnet Asset Management Inc. now owns 4,101 shares of the business services provider’s stock worth $119,000 after buying an additional 483 shares during the period. Victory Capital Management Inc. increased its stake in TriNet Group by 18.6% in the first quarter. Victory Capital Management Inc. now owns 4,604 shares of the business services provider’s stock worth $133,000 after buying an additional 723 shares during the period. Meeder Asset Management Inc. bought a new stake in TriNet Group during the first quarter worth about $153,000. Finally, BNP Paribas Arbitrage SA increased its stake in TriNet Group by 596.6% in the second quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock worth $187,000 after buying an additional 4,886 shares during the period. Institutional investors and hedge funds own 52.96% of the company’s stock.

About TriNet Group

TriNet Group, Inc is a provider of human resources (HR) solutions for small to medium-sized businesses (SMBs). The Company’s HR solutions include services, such as 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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