TriNet Group, Inc. (NYSE:TNET) Director Sells $40,869.20 in Stock

TriNet Group, Inc. (NYSE:TNETGet Rating) Director H Raymond Bingham sold 415 shares of TriNet Group stock in a transaction on Wednesday, April 20th. The shares were sold at an average price of $98.48, for a total transaction of $40,869.20. Following the sale, the director now directly owns 71,163 shares of the company’s stock, valued at approximately $7,008,132.24. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

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

  • On Wednesday, April 6th, H Raymond Bingham sold 415 shares of TriNet Group stock. The shares were sold at an average price of $96.27, for a total transaction of $39,952.05.
  • On Wednesday, March 16th, H Raymond Bingham sold 415 shares of TriNet Group stock. The shares were sold at an average price of $89.19, for a total transaction of $37,013.85.
  • On Thursday, March 3rd, H Raymond Bingham sold 415 shares of TriNet Group stock. The shares were sold at an average price of $87.78, for a total transaction of $36,428.70.
  • On Wednesday, February 16th, H Raymond Bingham sold 415 shares of TriNet Group stock. The shares were sold at an average price of $82.34, for a total transaction of $34,171.10.
  • On Thursday, February 3rd, H Raymond Bingham sold 415 shares of TriNet Group stock. The shares were sold at an average price of $86.04, for a total transaction of $35,706.60.

TNET traded down $3.00 during trading on Friday, hitting $93.25. The stock had a trading volume of 290,020 shares, compared to its average volume of 524,299. The firm has a market cap of $5.81 billion, a PE ratio of 18.39 and a beta of 1.29. TriNet Group, Inc. has a 12 month low of $69.43 and a 12 month high of $109.40. The company has a current ratio of 1.40, a quick ratio of 1.40 and a debt-to-equity ratio of 0.56. The company has a 50 day simple moving average of $91.59 and a 200-day simple moving average of $94.33.

TriNet Group (NYSE:TNETGet Rating) last announced its earnings results on Monday, February 14th. The business services provider reported $0.97 EPS for the quarter, topping the consensus estimate of $0.40 by $0.57. The firm had revenue of $293.00 million for the quarter, compared to the consensus estimate of $244.11 million. TriNet Group had a net margin of 7.44% and a return on equity of 43.60%. During the same quarter last year, the firm posted $0.30 EPS. As a group, sell-side analysts anticipate that TriNet Group, Inc. will post 4.24 earnings per share for the current fiscal year.

Several institutional investors and hedge funds have recently made changes to their positions in the company. HighTower Advisors LLC raised its position in shares of TriNet Group by 0.5% during the third quarter. HighTower Advisors LLC now owns 19,806 shares of the business services provider’s stock valued at $1,874,000 after buying an additional 96 shares during the last quarter. Leuthold Group LLC raised its position in shares of TriNet Group by 0.3% during the third quarter. Leuthold Group LLC now owns 30,033 shares of the business services provider’s stock valued at $2,841,000 after buying an additional 97 shares during the last quarter. Advisor Group Holdings Inc. raised its position in shares of TriNet Group by 12.9% during the fourth quarter. Advisor Group Holdings Inc. now owns 1,115 shares of the business services provider’s stock valued at $106,000 after buying an additional 127 shares during the last quarter. Oliver Luxxe Assets LLC raised its position in shares of TriNet Group by 4.4% during the fourth quarter. Oliver Luxxe Assets LLC now owns 3,452 shares of the business services provider’s stock valued at $329,000 after buying an additional 145 shares during the last quarter. Finally, Banque Cantonale Vaudoise raised its position in shares of TriNet Group by 46.3% during the third quarter. Banque Cantonale Vaudoise now owns 616 shares of the business services provider’s stock valued at $58,000 after buying an additional 195 shares during the last quarter. 88.52% of the stock is owned by institutional investors and hedge funds.

Several equities research analysts recently issued reports on TNET shares. Zacks Investment Research lowered shares of TriNet Group from a “hold” rating to a “sell” rating in a research note on Friday, February 18th. StockNews.com lowered shares of TriNet Group from a “strong-buy” rating to a “buy” rating in a research note on Thursday, April 14th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $92.98.

About TriNet Group (Get Rating)

TriNet Group, Inc provides human resources (HR) solutions, payroll services, employee benefits, and employment risk mitigation services for small and midsize businesses in the United States. 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 benefits law compliance; and other HR related services.

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