TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 30,000 shares of the stock in a transaction that occurred on Wednesday, January 9th. The shares were sold at an average price of $43.45, for a total value of $1,303,500.00. The transaction was disclosed in a filing with the SEC, which is available at this link.
Martin Babinec also recently made the following trade(s):
- On Thursday, December 6th, Martin Babinec sold 30,000 shares of TriNet Group stock. The shares were sold at an average price of $42.29, for a total value of $1,268,700.00.
- On Wednesday, November 7th, Martin Babinec sold 30,000 shares of TriNet Group stock. The shares were sold at an average price of $46.75, for a total value of $1,402,500.00.
NYSE:TNET opened at $43.14 on Friday. TriNet Group Inc has a fifty-two week low of $38.26 and a fifty-two week high of $60.15. The firm has a market cap of $3.07 billion, a P/E ratio of 25.08 and a beta of 2.16. The company has a debt-to-equity ratio of 1.13, a quick ratio of 1.20 and a current ratio of 1.20.
A number of hedge funds have recently added to or reduced their stakes in TNET. Tower Research Capital LLC TRC purchased a new stake in TriNet Group in the third quarter worth $106,000. Fox Run Management L.L.C. purchased a new stake in TriNet Group in the third quarter worth $239,000. Raymond James & Associates purchased a new stake in TriNet Group in the second quarter worth $246,000. Capital Fund Management S.A. purchased a new stake in TriNet Group in the third quarter worth $282,000. Finally, Janus Henderson Group PLC increased its stake in TriNet Group by 31.6% in the second quarter. Janus Henderson Group PLC now owns 5,973 shares of the business services provider’s stock worth $334,000 after purchasing an additional 1,433 shares during the period. Institutional investors and hedge funds own 84.68% of the company’s stock.
Several analysts recently weighed in on the company. ValuEngine upgraded TriNet Group from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. Credit Suisse Group set a $54.00 price target on TriNet Group and gave the company a “hold” rating in a report on Tuesday, October 30th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $59.00.
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About TriNet Group
TriNet Group, Inc provides human resources solutions for small and midsize businesses in the United States and Canada. The company offers 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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