TriNet Group, Inc. (TNET) Director H Raymond Bingham Sells 5,000 Shares

TriNet Group, Inc. (NYSE:TNET) Director H Raymond Bingham sold 5,000 shares of the stock in a transaction on Tuesday, August 1st. The shares were sold at an average price of $39.53, for a total value of $197,650.00. Following the sale, the director now owns 5,000 shares in the company, valued at $197,650. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

H Raymond Bingham also recently made the following trade(s):

  • On Monday, July 3rd, H Raymond Bingham sold 5,000 shares of TriNet Group stock. The shares were sold at an average price of $32.78, for a total value of $163,900.00.

TriNet Group, Inc. (NYSE:TNET) traded up 0.23% during trading on Friday, hitting $35.42. The stock had a trading volume of 202,486 shares. The firm has a market cap of $2.46 billion, a PE ratio of 23.80 and a beta of 2.94. The company’s 50 day moving average is $35.21 and its 200 day moving average is $30.71. TriNet Group, Inc. has a 52-week low of $17.78 and a 52-week high of $41.58.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Monday, July 31st. The business services provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.18. The firm had revenue of $201.01 million for the quarter, compared to analyst estimates of $168.27 million. TriNet Group had a net margin of 3.33% and a return on equity of 201.15%. The business’s quarterly revenue was up 7.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.27 earnings per share. Equities research analysts forecast that TriNet Group, Inc. will post $1.48 earnings per share for the current year.

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A number of large investors have recently bought and sold shares of TNET. Ameritas Investment Partners Inc. acquired a new stake in TriNet Group during the first quarter valued at approximately $105,000. Millrace Asset Group Inc. acquired a new stake in TriNet Group during the first quarter valued at approximately $882,000. Trexquant Investment LP raised its stake in TriNet Group by 182.6% in the first quarter. Trexquant Investment LP now owns 23,458 shares of the business services provider’s stock valued at $678,000 after buying an additional 15,158 shares during the last quarter. Swiss National Bank raised its stake in TriNet Group by 3.1% in the first quarter. Swiss National Bank now owns 69,300 shares of the business services provider’s stock valued at $2,003,000 after buying an additional 2,100 shares during the last quarter. Finally, State Board of Administration of Florida Retirement System acquired a new stake in TriNet Group during the first quarter valued at approximately $208,000. 52.87% of the stock is currently owned by institutional investors.

Several brokerages have commented on TNET. J P Morgan Chase & Co downgraded TriNet Group from a “neutral” rating to an “underweight” rating and increased their target price for the company from $33.00 to $36.00 in a research note on Thursday. Zacks Investment Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating and set a $45.00 target price on the stock in a research note on Saturday, August 5th. Stifel Nicolaus reiterated a “buy” rating and set a $44.00 target price (up from $37.00) on shares of TriNet Group in a research note on Tuesday, August 1st. BidaskClub downgraded TriNet Group from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, July 25th. Finally, Deutsche Bank AG increased their target price on TriNet Group from $30.00 to $31.00 and gave the company a “hold” rating in a research note on Wednesday, May 3rd. One investment analyst has rated the stock with a sell rating, one has issued a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $39.00.

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.

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

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