TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 30,000 shares of TriNet Group stock in a transaction that occurred on Thursday, September 6th. The stock was sold at an average price of $56.86, for a total transaction of $1,705,800.00. The transaction was disclosed in a filing with the SEC, which is available through this link.

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

  • On Tuesday, August 7th, Martin Babinec sold 30,000 shares of TriNet Group stock. The stock was sold at an average price of $54.93, for a total transaction of $1,647,900.00.
  • On Friday, July 6th, Martin Babinec sold 26,371 shares of TriNet Group stock. The stock was sold at an average price of $54.93, for a total transaction of $1,448,559.03.
  • On Monday, July 9th, Martin Babinec sold 30,000 shares of TriNet Group stock. The stock was sold at an average price of $54.99, for a total transaction of $1,649,700.00.

Shares of NYSE:TNET traded up $0.05 during mid-day trading on Monday, reaching $56.47. The company had a trading volume of 260,658 shares, compared to its average volume of 293,828. The company has a current ratio of 1.18, a quick ratio of 1.18 and a debt-to-equity ratio of 1.30. The stock has a market capitalization of $3.98 billion, a PE ratio of 32.83 and a beta of 2.39. TriNet Group Inc has a one year low of $32.73 and a one year high of $60.15.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Monday, July 30th. The business services provider reported $0.87 EPS for the quarter, topping analysts’ consensus estimates of $0.60 by $0.27. The company had revenue of $220.00 million for the quarter, compared to analysts’ expectations of $208.41 million. TriNet Group had a net margin of 6.54% and a return on equity of 74.08%. TriNet Group’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.52 EPS. research analysts predict that TriNet Group Inc will post 2.39 earnings per share for the current year.

Several large investors have recently bought and sold shares of TNET. Itau Unibanco Holding S.A. bought a new stake in shares of TriNet Group in the 2nd quarter worth approximately $132,000. Point72 Asia Hong Kong Ltd purchased a new position in TriNet Group in the 1st quarter valued at approximately $142,000. SG Americas Securities LLC purchased a new position in TriNet Group in the 1st quarter valued at approximately $144,000. Mount Yale Investment Advisors LLC purchased a new position in TriNet Group in the 1st quarter valued at approximately $151,000. Finally, Brown Advisory Inc. purchased a new position in TriNet Group in the 1st quarter valued at approximately $232,000. 87.12% of the stock is currently owned by institutional investors.

Several equities analysts have commented on TNET shares. Credit Suisse Group started coverage on shares of TriNet Group in a research report on Friday, August 10th. They set a “neutral” rating and a $65.00 target price on the stock. Stifel Nicolaus lifted their price target on shares of TriNet Group from $64.00 to $66.00 and gave the stock a “buy” rating in a report on Tuesday, July 31st. Morgan Stanley lifted their price target on shares of TriNet Group from $51.00 to $55.00 and gave the stock a “hold” rating in a report on Tuesday, July 31st. Finally, Zacks Investment Research raised shares of TriNet Group from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Saturday, August 4th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company. TriNet Group has an average rating of “Buy” and an average price target of $61.75.

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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