TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 30,000 shares of the company’s stock in a transaction on Tuesday, February 5th. The shares were sold at an average price of $46.09, for a total transaction of $1,382,700.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, January 9th, Martin Babinec sold 30,000 shares of TriNet Group stock. The shares were sold at an average price of $43.45, for a total transaction of $1,303,500.00.
  • 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 transaction of $1,268,700.00.

TriNet Group stock opened at $45.97 on Friday. The firm has a market cap of $3.21 billion, a P/E ratio of 26.73 and a beta of 2.05. The company has a current ratio of 1.20, a quick ratio of 1.20 and a debt-to-equity ratio of 1.13. TriNet Group Inc has a 52-week low of $38.26 and a 52-week high of $60.15.

TNET has been the topic of a number of recent research reports. Zacks Investment Research raised shares of TriNet Group from a “hold” rating to a “buy” rating and set a $52.00 price target on the stock in a research note on Thursday. ValuEngine raised shares of TriNet Group from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Finally, Credit Suisse Group set a $54.00 price target on shares of TriNet Group and gave the company a “hold” rating in a research note on Tuesday, October 30th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $56.75.

Institutional investors and hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC purchased a new stake in shares of TriNet Group in the third quarter valued at $106,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of TriNet Group by 21.9% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 3,039 shares of the business services provider’s stock valued at $127,000 after acquiring an additional 546 shares during the period. Fox Run Management L.L.C. purchased a new stake in shares of TriNet Group in the third quarter valued at $239,000. Raymond James & Associates purchased a new position in TriNet Group in the 2nd quarter worth about $246,000. Finally, Capital Fund Management S.A. purchased a new position in TriNet Group in the 3rd quarter worth about $282,000. 85.00% of the stock is currently owned by institutional investors and hedge funds.

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TriNet Group Company Profile

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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