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

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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction 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 transaction of $1,150,115.00.

Shares of TriNet Group, Inc. (NYSE:TNET) traded up 0.48% on Friday, hitting $37.37. 292,710 shares of the stock traded hands. TriNet Group, Inc. has a 52 week low of $17.78 and a 52 week high of $41.58. The firm has a market cap of $2.59 billion, a P/E ratio of 25.11 and a beta of 2.94. The stock has a 50-day moving average price of $34.45 and a 200 day moving average price of $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 company had revenue of $201.01 million during the quarter, compared to the consensus estimate of $168.27 million. During the same period in the previous year, the firm posted $0.27 EPS. The firm’s revenue was up 7.3% compared to the same quarter last year. Equities research analysts predict that TriNet Group, Inc. will post $1.48 EPS for the current fiscal year.

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TNET has been the subject of several research analyst reports. Stifel Nicolaus reiterated a “buy” rating on shares of TriNet Group in a report on Friday, April 14th. Deutsche Bank AG downgraded shares of TriNet Group from a “buy” rating to a “hold” rating and set a $30.00 price target for the company. in a report on Wednesday, April 19th. Zacks Investment Research downgraded shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Finally, BidaskClub upgraded shares of TriNet Group from a “buy” rating to a “strong-buy” rating in a report on Friday, June 30th. Two analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $36.25.

Several hedge funds have recently bought and sold shares of the company. Ameritas Investment Partners Inc. acquired a new position in shares of TriNet Group during the first quarter worth approximately $105,000. Envestnet Asset Management Inc. boosted its position in shares of 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 last quarter. Victory Capital Management Inc. boosted its position in shares of 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 last quarter. Meeder Asset Management Inc. acquired a new position in shares of TriNet Group during the first quarter worth approximately $153,000. Finally, BNP Paribas Arbitrage SA boosted its position in shares of 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 last quarter. 52.96% of the stock is owned by institutional investors.

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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