TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 36,500 shares of TriNet Group stock in a transaction dated Thursday, October 5th. The shares were sold at an average price of $34.91, for a total value of $1,274,215.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

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

  • On Thursday, September 7th, Martin Babinec sold 7,872 shares of TriNet Group stock. The shares were sold at an average price of $35.11, for a total value of $276,385.92.
  • On Wednesday, September 6th, Martin Babinec sold 28,628 shares of TriNet Group stock. The shares were sold at an average price of $35.32, for a total value of $1,011,140.96.
  • On Thursday, August 10th, Martin Babinec sold 46,912 shares of TriNet Group stock. The shares were 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 shares were sold at an average price of $38.28, for a total value 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 value of $4,222,526.25.
  • 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.

Shares of TriNet Group, Inc. (TNET) opened at 34.30 on Thursday. TriNet Group, Inc. has a one year low of $17.78 and a one year high of $41.58. The company has a market cap of $2.38 billion, a PE ratio of 23.05 and a beta of 2.89. The stock’s 50 day moving average price is $34.69 and its 200 day moving average price is $32.74.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Monday, July 31st. The business services provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.18. TriNet Group had a return on equity of 201.15% and a net margin of 3.33%. The company had revenue of $201.01 million during the quarter, compared to analysts’ expectations of $168.27 million. During the same quarter in the previous year, the firm earned $0.27 EPS. TriNet Group’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that TriNet Group, Inc. will post $1.49 earnings per share for the current fiscal year.

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Several institutional investors have recently bought and sold shares of TNET. Ameritas Investment Partners Inc. acquired a new position in shares of TriNet Group during the 1st quarter worth $105,000. Envestnet Asset Management Inc. raised its holdings in shares of TriNet Group by 13.3% during the 1st 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 in the last quarter. Victory Capital Management Inc. raised its holdings in shares of TriNet Group by 18.6% during the 1st 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 in the last quarter. Meeder Asset Management Inc. acquired a new position in shares of TriNet Group during the 1st quarter worth $153,000. Finally, BNP Paribas Arbitrage SA raised its holdings in shares of TriNet Group by 596.6% during the 2nd 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 in the last quarter. 54.58% of the stock is owned by institutional investors.

Several research firms recently weighed in on TNET. BidaskClub lowered TriNet Group from a “buy” rating to a “hold” rating in a report on Thursday, September 14th. J P Morgan Chase & Co lowered TriNet Group from a “neutral” rating to an “underweight” rating and upped their target price for the company from $33.00 to $36.00 in a research note on Thursday, August 17th. Zacks Investment Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Thursday, September 21st. Stifel Nicolaus restated a “buy” rating and issued a $44.00 target price (up from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. Finally, Morgan Stanley lowered TriNet Group from an “equal weight” rating to an “underweight” rating and upped their target price for the company from $27.00 to $31.00 in a research note on Tuesday, August 22nd. Three equities research analysts have rated the stock with a sell rating, one has issued a hold rating and two have issued a buy rating to the company. TriNet Group presently has an average rating of “Hold” and an average price target of $37.40.

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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