Martin Babinec Sells 36,500 Shares of TriNet Group Inc (TNET) Stock
TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 36,500 shares of TriNet Group stock in a transaction on Monday, January 8th. The shares were sold at an average price of $43.53, for a total transaction of $1,588,845.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Martin Babinec also recently made the following trade(s):
- On Wednesday, December 6th, Martin Babinec sold 36,500 shares of TriNet Group stock. The shares were 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 shares were sold at an average price of $41.17, for a total transaction of $1,502,705.00.
TriNet Group Inc (TNET) traded up $0.08 during trading hours on Tuesday, hitting $43.73. 296,209 shares of the stock traded hands, compared to its average volume of 297,967. The company has a market cap of $3,060.00, a price-to-earnings ratio of 23.14 and a beta of 3.01. 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 12 month low of $24.09 and a 12 month high of $45.25.
TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Thursday, November 2nd. The business services provider reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.26 by $0.30. The business had revenue of $205.90 million during the quarter, compared to analyst estimates of $174.89 million. TriNet Group had a net margin of 4.15% and a return on equity of 156.96%. TriNet Group’s quarterly revenue was up 27.9% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.29 EPS. equities research analysts anticipate that TriNet Group Inc will post 1.77 EPS for the current fiscal year.
Several analysts have recently weighed in on the stock. Zacks Investment Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday. BidaskClub lowered shares of TriNet Group from a “buy” rating to a “hold” rating in a research note on Wednesday, October 25th. Finally, Morgan Stanley lifted their price objective 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 given a hold rating and two have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $38.00.
Hedge funds have recently made changes to their positions in the business. Victory Capital Management Inc. increased its stake in TriNet Group by 17.7% during the 2nd quarter. Victory Capital Management Inc. now owns 5,417 shares of the business services provider’s stock valued at $177,000 after purchasing an additional 813 shares in the last quarter. BNP Paribas Arbitrage SA increased its stake in TriNet Group by 596.6% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 5,705 shares of the business services provider’s stock valued at $187,000 after purchasing an additional 4,886 shares in the last quarter. SG Americas Securities LLC bought a new stake in TriNet Group during the 2nd quarter valued at $194,000. Sei Investments Co. increased its stake in TriNet Group by 112.0% during the 3rd quarter. Sei Investments Co. now owns 7,913 shares of the business services provider’s stock valued at $266,000 after purchasing an additional 4,181 shares in the last quarter. Finally, ARP Americas LLC bought a new stake in TriNet Group during the 3rd quarter valued at $286,000. Institutional investors and hedge funds own 56.52% of the company’s stock.
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TriNet Group Company Profile
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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