TriNet Group (NYSE:TNET) Director Wayne Lowell Sells 5,773 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Wayne Lowell sold 5,773 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total value of $396,662.83. Following the sale, the director owned 86,449 shares of the company’s stock, valued at $5,939,910.79. The trade was a 6.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website.

TriNet Group Stock Down 2.0%

TNET opened at $67.03 on Friday. The firm has a 50 day moving average price of $54.63 and a 200 day moving average price of $47.08. The company has a market cap of $3.08 billion, a PE ratio of 17.92 and a beta of 0.95. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $73.07. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Sell-side analysts expect that TriNet Group, Inc. will post 3.55 earnings per share for the current year.

TriNet Group Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on TNET. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Truist Financial boosted 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. UBS Group decreased their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, July 31st. Finally, Zacks Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. One 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 stock. Based on data from MarketBeat.com, TriNet Group has an average rating of “Hold” and a consensus price target of $56.80.

Institutional Trading of TriNet Group

Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners acquired a new position in shares of TriNet Group in the 3rd quarter worth approximately $97,712,000. Northwestern Mutual Wealth Management Co. raised its position in shares of TriNet Group by 5,911,158.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock valued at $41,944,000 after acquiring an additional 709,339 shares in the last quarter. Norges Bank bought a new position in TriNet Group during the fourth quarter worth $28,266,000. Millennium Management LLC lifted its stake in TriNet Group by 1,047.5% during the fourth quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock worth $27,675,000 after purchasing an additional 427,242 shares during the last quarter. Finally, Man Group plc boosted its holdings in TriNet Group by 286.6% in the third quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after purchasing an additional 347,622 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

About TriNet Group

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.