Insider Selling: TriNet Group, Inc. (NYSE:TNET) Director Sells $1,757,323.52 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Martin Babinec sold 46,912 shares of the business’s stock in a transaction on Thursday, August 10th. The shares were sold at an average price of $37.46, for a total transaction of $1,757,323.52. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink.

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) opened at 37.37 on Monday. The stock has a market cap of $2.59 billion, a PE ratio of 25.11 and a beta of 2.94. TriNet Group, Inc. has a 12-month low of $17.78 and a 12-month high of $41.58. The firm has a 50-day moving average of $34.59 and a 200-day moving average of $30.30.

TriNet Group (NYSE:TNET) last released its earnings results on Monday, July 31st. The business services provider reported $0.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate 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 analysts’ expectations of $168.27 million. During the same quarter last year, the business earned $0.27 EPS. The business’s revenue was up 7.3% on a year-over-year basis. Equities analysts predict that TriNet Group, Inc. will post $1.48 earnings per share for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in TNET. Wellington Management Group LLP boosted its stake in TriNet Group by 9.4% in the first quarter. Wellington Management Group LLP now owns 4,970,312 shares of the business services provider’s stock valued at $143,643,000 after buying an additional 428,077 shares during the period. Vanguard Group Inc. boosted its stake in TriNet Group by 8.1% in the second quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock valued at $149,661,000 after buying an additional 342,250 shares during the period. TimesSquare Capital Management LLC boosted its stake in TriNet Group by 3.8% in the first quarter. TimesSquare Capital Management LLC now owns 1,583,160 shares of the business services provider’s stock valued at $45,753,000 after buying an additional 57,985 shares during the period. Dimensional Fund Advisors LP boosted its stake in TriNet Group by 8.0% in the second quarter. Dimensional Fund Advisors LP now owns 1,026,624 shares of the business services provider’s stock valued at $33,612,000 after buying an additional 75,862 shares during the period. Finally, FMR LLC boosted its stake in TriNet Group by 58.7% in the second quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock valued at $29,695,000 after buying an additional 335,381 shares during the period. Institutional investors own 52.96% of the company’s stock.

TNET has been the subject of a number of recent analyst reports. Stifel Nicolaus reaffirmed a “buy” rating and issued a $44.00 price objective (up previously from $37.00) on shares of TriNet Group in a report on Tuesday, August 1st. BidaskClub cut shares of TriNet Group from a “strong-buy” rating to a “buy” rating in a report on Tuesday, July 25th. Deutsche Bank AG lifted their price objective on shares of TriNet Group from $30.00 to $31.00 and gave the company a “hold” rating in a report on Wednesday, May 3rd. Finally, Zacks Investment Research cut shares of TriNet Group from a “buy” rating to a “hold” rating in a report on Wednesday, May 3rd. Two research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average 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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