Quantinno Capital Management LP Raises Stake in TriNet Group, Inc. $TNET

Quantinno Capital Management LP raised its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 1,052.6% during the first quarter, Holdings Channel reports. The fund owned 135,470 shares of the business services provider’s stock after buying an additional 123,717 shares during the period. Quantinno Capital Management LP’s holdings in TriNet Group were worth $4,935,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Quarry LP lifted its holdings in shares of TriNet Group by 524.7% in the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after acquiring an additional 383 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of TriNet Group during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of TriNet Group by 160.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 295 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in TriNet Group by 45.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after purchasing an additional 201 shares during the period. Finally, Cache Advisors LLC purchased a new position in TriNet Group in the 1st quarter worth $36,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total value of $40,548.18. Following the completion of the sale, the senior vice president owned 67,678 shares in the company, valued at approximately $2,941,285.88. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of TriNet Group stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total value of $396,662.83. Following the completion of the sale, the director owned 86,449 shares in the company, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 40.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on TNET. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. lifted their price objective on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. UBS Group lowered their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Truist Financial raised their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Finally, Weiss Ratings raised TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $56.80.

TriNet Group Trading Down 2.0%

Shares of TNET opened at $67.03 on Friday. The stock has a market capitalization of $3.08 billion, a P/E ratio of 17.92 and a beta of 0.95. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $73.07. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The firm has a fifty day simple moving average of $54.63 and a two-hundred day simple moving average of $47.08.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.62. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same quarter in the previous year, the company earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, research analysts anticipate that TriNet Group, Inc. will post 3.55 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, July 1st. TriNet Group’s payout ratio is currently 31.02%.

TriNet Group 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.