TriNet Group Inc (NYSE:TNET) Director Sells $1,950,951.81 in Stock

TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 30,517 shares of the company’s stock in a transaction on Monday, May 6th. The shares were sold at an average price of $63.93, for a total value of $1,950,951.81. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website.

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

  • On Friday, May 3rd, Martin Babinec sold 24,693 shares of TriNet Group stock. The stock was sold at an average price of $63.68, for a total value of $1,572,450.24.
  • On Wednesday, April 24th, Martin Babinec sold 23,500 shares of TriNet Group stock. The stock was sold at an average price of $61.51, for a total value of $1,445,485.00.
  • On Wednesday, March 6th, Martin Babinec sold 30,000 shares of TriNet Group stock. The stock was sold at an average price of $60.35, for a total value of $1,810,500.00.
  • On Thursday, February 14th, Martin Babinec sold 4,836 shares of TriNet Group stock. The stock was sold at an average price of $48.57, for a total value of $234,884.52.

Shares of TNET stock traded up $0.95 during mid-day trading on Thursday, hitting $63.61. 355,088 shares of the stock were exchanged, compared to its average volume of 346,446. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 0.95. TriNet Group Inc has a 52-week low of $38.74 and a 52-week high of $65.09. The firm has a market cap of $4.36 billion, a P/E ratio of 24.75 and a beta of 2.12.

TriNet Group (NYSE:TNET) last posted its earnings results on Monday, April 29th. The business services provider reported $0.87 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.01). TriNet Group had a return on equity of 54.21% and a net margin of 5.62%. The firm had revenue of $251.00 million for the quarter, compared to analysts’ expectations of $233.65 million. During the same period in the previous year, the company earned $0.80 earnings per share. The company’s revenue was up 14.1% compared to the same quarter last year. On average, analysts anticipate that TriNet Group Inc will post 2.92 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on TNET shares. Zacks Investment Research raised TriNet Group from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research report on Thursday, February 7th. William Blair raised TriNet Group from a “market perform” rating to an “outperform” rating and set a $46.80 price target on the stock in a research report on Tuesday, February 12th. They noted that the move was a valuation call. JPMorgan Chase & Co. raised shares of TriNet Group from an “underweight” rating to a “neutral” rating and increased their target price for the stock from $53.00 to $60.00 in a research note on Friday, February 15th. Finally, ValuEngine raised shares of TriNet Group from a “hold” rating to a “buy” rating in a research note on Friday, February 15th. Four equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. TriNet Group has a consensus rating of “Hold” and an average price target of $58.63.

Hedge funds have recently bought and sold shares of the company. JPMorgan Chase & Co. lifted its stake in TriNet Group by 18.9% in the 3rd quarter. JPMorgan Chase & Co. now owns 163,863 shares of the business services provider’s stock valued at $9,229,000 after buying an additional 26,073 shares in the last quarter. Jane Street Group LLC purchased a new position in TriNet Group in the 3rd quarter valued at about $385,000. AQR Capital Management LLC lifted its stake in TriNet Group by 10.9% in the 3rd quarter. AQR Capital Management LLC now owns 35,427 shares of the business services provider’s stock valued at $1,995,000 after buying an additional 3,473 shares in the last quarter. Vanguard Group Inc. lifted its stake in TriNet Group by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 5,282,898 shares of the business services provider’s stock valued at $297,532,000 after buying an additional 72,091 shares in the last quarter. Finally, Reinhart Partners Inc. purchased a new position in TriNet Group in the 4th quarter valued at about $3,808,000. 86.73% of the stock is currently owned by institutional investors and hedge funds.

WARNING: “TriNet Group Inc (NYSE:TNET) Director Sells $1,950,951.81 in Stock” was first published by Rockland Register and is the property of of Rockland Register. If you are viewing this news story on another site, it was stolen and reposted in violation of international trademark & copyright law. The original version of this news story can be read at https://rocklandregister.com/2019/05/30/trinet-group-inc-tnet-director-martin-babinec-sells-30517-shares-of-stock.html.

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.

Recommended Story: What is a trade deficit?

Insider Buying and Selling by Quarter for TriNet Group (NYSE:TNET)

Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter.