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.
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.
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.
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