Insider Selling: TriNet Group, Inc. (TNET) Director Sells $4,222,526.25 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 111,855 shares of the firm’s stock in a transaction on Friday, August 11th. The stock was sold at an average price of $37.75, for a total value of $4,222,526.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

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

  • On Thursday, August 10th, Martin Babinec sold 46,912 shares of TriNet Group stock. The stock was sold at an average price of $37.46, for a total value of $1,757,323.52.
  • On Wednesday, August 9th, Martin Babinec sold 39,456 shares of TriNet Group stock. The stock was sold at an average price of $38.28, for a total value of $1,510,375.68.
  • On Tuesday, July 11th, Martin Babinec sold 34,996 shares of TriNet Group stock. The stock was sold at an average price of $33.21, for a total value of $1,162,217.16.
  • On Wednesday, July 12th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $33.22, for a total value of $1,212,530.00.
  • On Tuesday, June 20th, Martin Babinec sold 16,998 shares of TriNet Group stock. The stock was sold at an average price of $32.09, for a total value of $545,465.82.
  • On Monday, June 19th, Martin Babinec sold 11,671 shares of TriNet Group stock. The stock was sold at an average price of $32.12, for a total value of $374,872.52.
  • On Wednesday, June 21st, Martin Babinec sold 48,300 shares of TriNet Group stock. The stock was sold at an average price of $32.17, for a total value of $1,553,811.00.
  • On Thursday, June 15th, Martin Babinec sold 14,200 shares of TriNet Group stock. The stock was sold at an average price of $32.00, for a total value of $454,400.00.
  • On Wednesday, June 14th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $31.51, for a total value of $1,150,115.00.

Shares of TriNet Group, Inc. (NYSE TNET) opened at 37.37 on Monday. The stock has a 50 day moving average price of $34.59 and a 200-day moving average price of $30.30. TriNet Group, Inc. has a 52 week low of $17.78 and a 52 week high of $41.58. The firm has a market capitalization of $2.59 billion, a PE ratio of 25.11 and a beta of 2.94.

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

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Several hedge funds and other institutional investors have recently modified their holdings of the company. Norges Bank bought a new stake in shares of TriNet Group during the fourth quarter valued at about $13,382,000. Teachers Advisors LLC increased its stake in shares of TriNet Group by 123.4% in the fourth quarter. Teachers Advisors LLC now owns 175,545 shares of the business services provider’s stock valued at $4,497,000 after buying an additional 96,971 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of TriNet Group by 1,275.3% in the fourth quarter. Macquarie Group Ltd. now owns 687,870 shares of the business services provider’s stock valued at $17,623,000 after buying an additional 637,853 shares in the last quarter. Russell Investments Group Ltd. bought a new stake in shares of TriNet Group during the first quarter valued at about $902,000. Finally, Hennessy Advisors Inc. bought a new stake in shares of TriNet Group during the first quarter valued at about $4,546,000. 52.96% of the stock is currently owned by institutional investors and hedge funds.

Several equities research analysts have issued reports on TNET shares. Deutsche Bank AG cut TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 target price for the company. in a research note on Wednesday, April 19th. Zacks Investment Research cut TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, May 3rd. Stifel Nicolaus raised their target price on TriNet Group from $34.00 to $37.00 and gave the stock a “buy” rating in a research note on Wednesday, May 3rd. Finally, BidaskClub raised TriNet Group from a “buy” rating to a “strong-buy” rating in a research note on Friday, June 30th. Two research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus target price of $36.25.

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.

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

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