TriNet Group, Inc. $TNET Stock Holdings Reduced by Vest Financial LLC

Vest Financial LLC lowered its position in TriNet Group, Inc. (NYSE:TNET) by 11.7% during the second quarter, HoldingsChannel.com reports. The firm owned 21,883 shares of the business services provider’s stock after selling 2,886 shares during the quarter. Vest Financial LLC’s holdings in TriNet Group were worth $1,601,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of TNET. GAMMA Investing LLC grew its stake in TriNet Group by 4,677.9% in the first quarter. GAMMA Investing LLC now owns 3,249 shares of the business services provider’s stock valued at $257,000 after purchasing an additional 3,181 shares in the last quarter. Farther Finance Advisors LLC grew its stake in TriNet Group by 11.4% in the first quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider’s stock valued at $331,000 after purchasing an additional 427 shares in the last quarter. SG Americas Securities LLC purchased a new position in TriNet Group in the first quarter valued at about $987,000. Yorktown Management & Research Co Inc purchased a new position in TriNet Group in the first quarter valued at about $345,000. Finally, Bank of New York Mellon Corp grew its stake in TriNet Group by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider’s stock valued at $18,406,000 after purchasing an additional 9,821 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Price Performance

NYSE TNET opened at $63.02 on Wednesday. TriNet Group, Inc. has a twelve month low of $61.26 and a twelve month high of $99.78. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market capitalization of $3.06 billion, a PE ratio of 21.66 and a beta of 0.79. The stock has a 50-day simple moving average of $67.24 and a 200 day simple moving average of $73.03.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, topping the consensus estimate 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 analysts’ expectations of $278.93 million. During the same quarter in the previous year, the firm earned $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Research analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Wednesday, October 1st will be issued a $0.275 dividend. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.10 annualized dividend and a yield of 1.7%. TriNet Group’s dividend payout ratio is 37.80%.

Analysts Set New Price Targets

TNET has been the subject of a number of analyst reports. JPMorgan Chase & Co. reduced their price target on TriNet Group from $76.00 to $75.00 and set an “underweight” rating for the company in a research report on Monday, July 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Reduce” and an average price target of $96.33.

Insider Transactions at TriNet Group

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,437 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.80, for a total value of $98,865.60. Following the completion of the transaction, the chief technology officer owned 30,424 shares of the company’s stock, valued at $2,093,171.20. This represents a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Anthony Shea Treadway sold 2,583 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $66.07, for a total value of $170,658.81. Following the completion of the transaction, the senior vice president directly owned 29,437 shares of the company’s stock, valued at approximately $1,944,902.59. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 9,170 shares of company stock worth $611,708. 37.10% of the stock is currently owned by company insiders.

About TriNet Group

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.