Algert Global LLC Buys New Shares in TriNet Group, Inc. $TNET

Algert Global LLC bought a new stake in TriNet Group, Inc. (NYSE:TNET) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 39,140 shares of the business services provider’s stock, valued at approximately $3,101,000. Algert Global LLC owned about 0.08% of TriNet Group at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Xponance Inc. increased its stake in TriNet Group by 6.4% in the first quarter. Xponance Inc. now owns 2,613 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 157 shares during the last quarter. US Bancorp DE raised its holdings in shares of TriNet Group by 4.6% in the 1st quarter. US Bancorp DE now owns 7,534 shares of the business services provider’s stock worth $597,000 after purchasing an additional 332 shares during the period. Mariner LLC raised its holdings in shares of TriNet Group by 13.7% in the 4th quarter. Mariner LLC now owns 2,763 shares of the business services provider’s stock worth $251,000 after purchasing an additional 333 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of TriNet Group by 11.4% in the 1st quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider’s stock worth $331,000 after purchasing an additional 427 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of TriNet Group by 2.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,190 shares of the business services provider’s stock worth $1,651,000 after purchasing an additional 502 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. cut their price objective on TriNet Group from $76.00 to $75.00 and set an “underweight” rating on the stock in a report on Monday, July 28th. Two analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average target price of $96.33.

Insider Transactions at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total value of $117,891.48. Following the completion of the sale, the chief technology officer owned 32,932 shares in the company, valued at approximately $2,701,741.28. This trade represents a 4.18% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $64.18, for a total value of $38,508.00. Following the completion of the transaction, the director directly owned 38,440 shares of the company’s stock, valued at $2,467,079.20. This represents a 1.54% decrease in their position. The disclosure for this sale can be found here. 38.10% of the stock is currently owned by company insiders.

TriNet Group Price Performance

TNET stock opened at $66.3040 on Thursday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. TriNet Group, Inc. has a 1 year low of $62.55 and a 1 year high of $104.06. The firm has a market cap of $3.22 billion, a P/E ratio of 22.78 and a beta of 0.83. The stock has a 50-day simple moving average of $69.38 and a 200-day simple moving average of $75.90.

TriNet Group (NYSE:TNET) last posted its earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.12. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%.The business had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. During the same quarter last year, the firm earned $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, equities analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st were paid a $0.275 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.7%. TriNet Group’s dividend payout ratio (DPR) is 37.80%.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size 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.