Oppenheimer Asset Management Inc. Invests $2.28 Million in TriNet Group, Inc. $TNET

Oppenheimer Asset Management Inc. acquired a new stake in TriNet Group, Inc. (NYSE:TNET) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 46,053 shares of the business services provider’s stock, valued at approximately $2,279,000. Oppenheimer Asset Management Inc. owned approximately 0.10% of TriNet Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Universal Beteiligungs und Servicegesellschaft mbH boosted 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 purchasing an additional 185 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in TriNet Group by 45.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 201 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its position in shares of TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after buying an additional 295 shares in the last quarter. Quantinno Capital Management LP increased its position in shares of TriNet Group by 5.9% in the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock valued at $413,000 after buying an additional 317 shares in the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of TriNet Group by 6.8% during the 4th 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 during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TriNet Group

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

TriNet Group Trading Down 0.1%

Shares of TNET opened at $68.67 on Monday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. The firm has a market capitalization of $3.15 billion, a P/E ratio of 18.36 and a beta of 0.94. The stock’s fifty day simple moving average is $57.16 and its 200 day simple moving average is $47.30. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $73.07.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results 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 during the quarter, compared to the consensus estimate of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same quarter in the previous year, the business earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, equities research analysts forecast that TriNet Group, Inc. will post 3.87 earnings per share for the current year.

TriNet Group Announces Dividend

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

Analyst Upgrades and Downgrades

Several research firms recently commented on TNET. TD Cowen boosted their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their target price on shares of TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, July 31st. UBS Group cut their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Truist Financial upped their price target on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, Weiss Ratings lowered shares of TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Reduce” and an average price target of $56.80.

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.