Tejara Capital Ltd Takes Position in TriNet Group, Inc. $TNET

Tejara Capital Ltd acquired a new position in TriNet Group, Inc. (NYSE:TNET) in the fourth quarter, HoldingsChannel.com reports. The institutional investor acquired 18,000 shares of the business services provider’s stock, valued at approximately $1,064,000.

Other institutional investors have also recently made changes to their positions in the company. Barclays PLC boosted its stake in TriNet Group by 155.8% in the 3rd quarter. Barclays PLC now owns 461,946 shares of the business services provider’s stock worth $30,900,000 after purchasing an additional 281,332 shares during the period. Massachusetts Financial Services Co. MA raised its position in shares of TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after buying an additional 387,940 shares during the last quarter. JPMorgan Chase & Co. raised its position in shares of TriNet Group by 109.2% during the third quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock valued at $14,722,000 after buying an additional 114,892 shares during the last quarter. ArrowMark Colorado Holdings LLC lifted its holdings in shares of TriNet Group by 14.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 849,863 shares of the business services provider’s stock worth $56,847,000 after buying an additional 109,170 shares in the last quarter. Finally, Heron Bay Capital Management lifted its holdings in shares of TriNet Group by 55.8% in the third quarter. Heron Bay Capital Management now owns 122,480 shares of the business services provider’s stock worth $8,193,000 after buying an additional 43,860 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insider Activity

In other news, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total transaction of $28,690.50. Following the sale, the senior vice president directly owned 55,750 shares in the company, valued at approximately $2,063,865. This represents a 1.37% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.00% of the company’s stock.

TriNet Group Stock Down 0.1%

NYSE TNET opened at $39.61 on Friday. The stock has a 50 day moving average price of $38.67 and a 200-day moving average price of $49.60. TriNet Group, Inc. has a one year low of $33.60 and a one year high of $86.78. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12. The company has a market capitalization of $1.82 billion, a P/E ratio of 11.82 and a beta of 1.02.

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

TriNet Group announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 12th that authorizes the company to buyback $400.00 million in outstanding shares. This buyback authorization authorizes the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock buyback plans are usually an indication 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 issued a $0.29 dividend. This is a boost 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 2.9%. TriNet Group’s payout ratio is presently 34.63%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on TNET. Stifel Nicolaus cut their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. JPMorgan Chase & Co. increased their price objective on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. TD Cowen raised their price objective on TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Finally, Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, TriNet Group has an average rating of “Hold” and an average 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.