TriNet Group Inc (NYSE:TNET) Director Martin Babinec sold 36,500 shares of the business’s stock in a transaction on Monday, February 5th. The stock was sold at an average price of $43.67, for a total value of $1,593,955.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink.
Martin Babinec also recently made the following trade(s):
- On Monday, January 8th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $43.53, for a total value of $1,588,845.00.
- On Wednesday, December 6th, Martin Babinec sold 36,500 shares of TriNet Group stock. The stock was sold at an average price of $44.21, for a total value of $1,613,665.00.
Shares of TriNet Group Inc (NYSE TNET) traded up $0.45 during midday trading on Friday, hitting $41.66. The company had a trading volume of 259,183 shares, compared to its average volume of 338,915. The company has a quick ratio of 1.18, a current ratio of 1.18 and a debt-to-equity ratio of 3.00. The firm has a market cap of $2,863.49, a PE ratio of 22.04 and a beta of 2.78. TriNet Group Inc has a twelve month low of $25.55 and a twelve month high of $45.25.
A number of analysts have recently commented on the company. Zacks Investment Research raised TriNet Group from a “sell” rating to a “strong-buy” rating and set a $47.00 price objective on the stock in a research note on Thursday, November 9th. Morgan Stanley boosted their price objective on TriNet Group from $31.00 to $32.00 and gave the stock an “underweight” rating in a research note on Friday, November 3rd. Finally, BidaskClub raised TriNet Group from a “hold” rating to a “buy” rating in a research note on Tuesday, November 7th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $38.00.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Atairos Group Inc. acquired a new position in shares of TriNet Group in the 4th quarter worth $864,822,000. Vanguard Group Inc. grew its holdings in shares of TriNet Group by 8.1% in the 2nd quarter. Vanguard Group Inc. now owns 4,571,207 shares of the business services provider’s stock worth $149,661,000 after acquiring an additional 342,250 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TriNet Group by 9.1% in the 3rd quarter. Dimensional Fund Advisors LP now owns 1,119,615 shares of the business services provider’s stock worth $37,644,000 after acquiring an additional 92,991 shares during the last quarter. Cramer Rosenthal Mcglynn LLC grew its holdings in shares of TriNet Group by 70.6% in the 3rd quarter. Cramer Rosenthal Mcglynn LLC now owns 965,930 shares of the business services provider’s stock worth $32,475,000 after acquiring an additional 399,745 shares during the last quarter. Finally, FMR LLC grew its holdings in shares of TriNet Group by 58.7% in the 2nd quarter. FMR LLC now owns 906,982 shares of the business services provider’s stock worth $29,695,000 after acquiring an additional 335,381 shares during the last quarter. Institutional investors and hedge funds own 58.00% of the company’s stock.
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About TriNet Group
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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