Insider Selling: TriNet Group Inc (TNET) Director Sells 36,500 Shares of Stock

TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 36,500 shares of TriNet Group stock in a transaction that occurred on Monday, January 8th. The stock was sold at an average price of $43.53, for a total transaction of $1,588,845.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

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

  • On Wednesday, December 6th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $44.21, for a total transaction of $1,613,665.00.
  • On Tuesday, November 7th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $41.17, for a total transaction of $1,502,705.00.

Shares of TriNet Group Inc (NYSE TNET) opened at $41.48 on Thursday. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.00. TriNet Group Inc has a 52 week low of $24.09 and a 52 week high of $45.25. The stock has a market cap of $2,880.00, a price-to-earnings ratio of 21.95 and a beta of 3.01.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, November 2nd. The business services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.30. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. The business had revenue of $205.90 million during the quarter, compared to analyst estimates of $174.89 million. During the same quarter in the previous year, the business earned $0.29 EPS. TriNet Group’s quarterly revenue was up 27.9% compared to the same quarter last year. research analysts forecast that TriNet Group Inc will post 1.77 earnings per share for the current year.

A number of equities research analysts have issued reports on TNET shares. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Thursday, September 14th. Zacks Investment Research lowered shares of TriNet Group from a “hold” rating to a “sell” rating in a research note on Wednesday, October 4th. Finally, Morgan Stanley lifted their target price on shares of TriNet Group from $31.00 to $32.00 and gave the company an “underweight” rating in a research note on Friday, November 3rd. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. TriNet Group currently has an average rating of “Hold” and a consensus target price of $38.00.

Hedge funds have recently added to or reduced their stakes in the stock. Aurora Investment Counsel acquired a new position in TriNet Group during the 4th quarter worth $1,688,000. Algert Global LLC lifted its position in TriNet Group by 8.9% during the 3rd quarter. Algert Global LLC now owns 77,657 shares of the business services provider’s stock worth $2,611,000 after acquiring an additional 6,368 shares during the last quarter. California Public Employees Retirement System lifted its position in TriNet Group by 17.5% during the 3rd quarter. California Public Employees Retirement System now owns 30,188 shares of the business services provider’s stock worth $1,015,000 after acquiring an additional 4,488 shares during the last quarter. Cubist Systematic Strategies LLC acquired a new position in TriNet Group during the 3rd quarter worth $682,000. Finally, Caxton Associates LP acquired a new position in TriNet Group during the 3rd quarter worth $387,000. 56.52% of the stock is owned by institutional investors and hedge funds.

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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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