TriNet Group (NYSE:TNET) SVP Sells $40,548.18 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the transaction, the senior vice president owned 67,678 shares in the company, valued at $2,941,285.88. This trade represents a 1.36% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Trading Up 2.1%

Shares of NYSE:TNET opened at $42.71 on Friday. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $84.08. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 12.75 and a beta of 1.02. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12. The business’s 50 day moving average price is $39.25 and its 200-day moving average price is $48.89.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the firm posted $1.99 EPS. The business’s revenue was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities research analysts forecast that TriNet Group, Inc. will post 3.55 earnings per share for the current fiscal year.

TriNet Group declared that its Board of Directors has initiated a share repurchase plan on Thursday, February 12th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 18.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st were given a dividend of $0.29 per share. This is a positive change from TriNet Group’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, April 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. TriNet Group’s payout ratio is 34.63%.

Hedge Funds Weigh In On TriNet Group

A number of institutional investors have recently added to or reduced their stakes in the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in TriNet Group by 3.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after buying an additional 185 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in TriNet Group by 45.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after buying an additional 201 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its position in TriNet Group by 160.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after buying an additional 295 shares in the last quarter. Quantinno Capital Management LP lifted its position in TriNet Group by 5.9% during the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after buying an additional 317 shares in the last quarter. Finally, ProShare Advisors LLC lifted its position in TriNet Group by 6.8% during the fourth quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock worth $323,000 after buying an additional 346 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

TNET has been the topic of a number of recent analyst reports. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. UBS Group lowered their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Stifel Nicolaus lowered their price target on TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their price target on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Finally, Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.20.

TriNet Group Company Profile

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers’ compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.