TriNet Group, Inc. (NYSE:TNET) Director Sells $32,340.95 in Stock

TriNet Group, Inc. (NYSE:TNETGet Rating) Director H Raymond Bingham sold 415 shares of the firm’s stock in a transaction dated Wednesday, May 18th. The shares were sold at an average price of $77.93, for a total value of $32,340.95. Following the completion of the sale, the director now directly owns 84,503 shares in the company, valued at $6,585,318.79. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

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

  • On Wednesday, May 4th, H Raymond Bingham sold 415 shares of TriNet Group stock. The shares were sold at an average price of $87.09, for a total value of $36,142.35.
  • On Wednesday, April 20th, H Raymond Bingham sold 415 shares of TriNet Group stock. The shares were sold at an average price of $98.48, for a total value of $40,869.20.
  • 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 value 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 value 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 value of $36,428.70.

NYSE TNET traded up $0.36 during trading hours on Friday, hitting $75.35. 428,299 shares of the company’s stock were exchanged, compared to its average volume of 506,714. The stock has a 50-day simple moving average of $90.85 and a 200 day simple moving average of $92.21. TriNet Group, Inc. has a 1-year low of $69.43 and a 1-year high of $109.40. The firm has a market cap of $4.69 billion, a price-to-earnings ratio of 13.06 and a beta of 1.29. The company has a current ratio of 1.17, a quick ratio of 1.17 and a debt-to-equity ratio of 0.71.

TriNet Group (NYSE:TNETGet Rating) last released its earnings results on Tuesday, April 26th. The business services provider reported $2.55 EPS for the quarter, topping the consensus estimate of $1.90 by $0.65. TriNet Group had a return on equity of 50.20% and a net margin of 8.15%. During the same quarter in the previous year, the company earned $1.52 earnings per share. On average, sell-side analysts anticipate that TriNet Group, Inc. will post 4.44 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its stake in TriNet Group by 0.5% during the third quarter. HighTower Advisors LLC now owns 19,806 shares of the business services provider’s stock worth $1,874,000 after purchasing an additional 96 shares during the period. Leuthold Group LLC grew its stake in TriNet Group by 0.3% during the third quarter. Leuthold Group LLC now owns 30,033 shares of the business services provider’s stock worth $2,841,000 after purchasing an additional 97 shares during the period. Advisor Group Holdings Inc. grew its stake in TriNet Group by 12.9% in the fourth quarter. Advisor Group Holdings Inc. now owns 1,115 shares of the business services provider’s stock valued at $106,000 after acquiring an additional 127 shares during the period. Oliver Luxxe Assets LLC grew its stake in TriNet Group by 4.4% in the fourth quarter. Oliver Luxxe Assets LLC now owns 3,452 shares of the business services provider’s stock valued at $329,000 after acquiring an additional 145 shares during the period. Finally, Van ECK Associates Corp grew its stake in TriNet Group by 15.9% in the first quarter. Van ECK Associates Corp now owns 1,071 shares of the business services provider’s stock valued at $105,000 after acquiring an additional 147 shares during the period. 96.56% of the stock is owned by institutional investors and hedge funds.

A number of equities analysts have recently issued reports on the company. Zacks Investment Research downgraded TriNet Group from a “buy” rating to a “hold” rating in a research report on Tuesday, May 3rd. StockNews.com downgraded TriNet Group from a “strong-buy” rating to a “buy” rating in a research report on Thursday, April 14th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. According to MarketBeat, TriNet Group presently has an average rating of “Hold” and an average price target of $91.48.

TriNet Group Company Profile (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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