TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 46,912 shares of the company’s stock in a transaction dated Thursday, August 10th. The shares were sold at an average price of $37.46, for a total transaction of $1,757,323.52. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, August 9th, Martin Babinec sold 39,456 shares of TriNet Group stock. The shares were sold at an average price of $38.28, for a total transaction of $1,510,375.68.
  • On Friday, August 11th, Martin Babinec sold 111,855 shares of TriNet Group stock. The shares were sold at an average price of $37.75, for a total transaction of $4,222,526.25.
  • 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 Wednesday, July 12th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were 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 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.

TriNet Group, Inc. (TNET) traded up 0.48% during trading on Friday, reaching $37.37. 292,710 shares of the company were exchanged. The company’s 50-day moving average price is $34.45 and its 200-day moving average price is $30.22. The stock has a market capitalization of $2.59 billion, a P/E ratio of 25.11 and a beta of 2.94. TriNet Group, Inc. has a 1-year low of $17.78 and a 1-year high of $41.58.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, beating 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 analyst estimates of $168.27 million. During the same quarter last year, the business posted $0.27 EPS. The firm’s revenue for the quarter was up 7.3% on a year-over-year basis. On average, equities analysts forecast that TriNet Group, Inc. will post $1.48 EPS for the current year.

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Large investors have recently made changes to their positions in the stock. Ameritas Investment Partners Inc. bought a new stake in shares of TriNet Group during the first quarter worth $105,000. Envestnet Asset Management Inc. raised its stake 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. raised its stake 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. bought a new stake in shares of TriNet Group during the first quarter worth $153,000. Finally, BNP Paribas Arbitrage SA raised its stake 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. Institutional investors own 52.96% of the company’s stock.

Several equities analysts have recently commented on the stock. Stifel Nicolaus reaffirmed 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. Zacks Investment Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 price objective for the company in a research note on Saturday, August 5th. BidaskClub downgraded 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 increased their price target 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 research analysts have rated the stock with a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $36.25.

TriNet Group Company Profile

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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