Heron Bay Capital Management Raises Stock Position in TriNet Group, Inc. $TNET

Heron Bay Capital Management raised its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 28.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 78,620 shares of the business services provider’s stock after acquiring an additional 17,287 shares during the quarter. Heron Bay Capital Management’s holdings in TriNet Group were worth $5,750,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the business. Hilltop National Bank bought a new position in shares of TriNet Group in the second quarter worth about $43,000. CWM LLC lifted its holdings in TriNet Group by 140.5% in the 2nd quarter. CWM LLC now owns 582 shares of the business services provider’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in TriNet Group by 58.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider’s stock worth $182,000 after purchasing an additional 845 shares in the last quarter. AlphaQuest LLC boosted its stake in TriNet Group by 633.5% in the 1st quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider’s stock worth $196,000 after purchasing an additional 2,135 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH bought a new position in TriNet Group in the 1st quarter worth approximately $206,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of the firm’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 sale, the chief technology officer directly owned 30,424 shares of the company’s stock, valued at $2,093,171.20. This trade represents a 4.51% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Wednesday, October 1st. The stock was sold at an average price of $65.93, for a total value of $51,095.75. Following the completion of the transaction, the senior vice president owned 20,933 shares of the company’s stock, valued at approximately $1,380,112.69. This trade represents a 3.57% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 4,046 shares of company stock worth $262,992 in the last 90 days. 38.10% of the stock is currently owned by insiders.

Analyst Ratings Changes

TNET has been the topic of several recent analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. UBS Group cut their target price on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. reduced their price target on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Finally, Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, TriNet Group currently has a consensus rating of “Hold” and a consensus price target of $67.33.

TriNet Group Trading Up 5.1%

TNET stock opened at $57.66 on Friday. The firm has a fifty day moving average price of $61.92 and a 200 day moving average price of $69.38. TriNet Group, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $97.02. The firm has a market cap of $2.77 billion, a PE ratio of 21.28 and a beta of 0.84. 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 (NYSE:TNET) last released its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. TriNet Group had a net margin of 2.64% and a return on equity of 232.60%. The company had revenue of $1.22 billion for the quarter, compared to the consensus estimate of $261.92 million. During the same quarter in the prior year, the firm earned $1.17 earnings per share. TriNet Group’s revenue was down 1.6% on a year-over-year basis. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Sell-side analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Wednesday, October 1st were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.9%. TriNet Group’s dividend payout ratio (DPR) is presently 40.59%.

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.