Sei Investments Co. Purchases 70,896 Shares of TriNet Group, Inc. $TNET

Sei Investments Co. lifted its position in shares of TriNet Group, Inc. (NYSE:TNET) by 107.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 136,894 shares of the business services provider’s stock after purchasing an additional 70,896 shares during the period. Sei Investments Co.’s holdings in TriNet Group were worth $4,987,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Boston Partners bought a new stake in TriNet Group in the third quarter valued at approximately $97,712,000. Earnest Partners LLC lifted its position in shares of TriNet Group by 3.4% in the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock valued at $53,118,000 after buying an additional 29,613 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of TriNet Group by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock worth $52,845,000 after acquiring an additional 5,036 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake 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 worth $41,944,000 after acquiring an additional 709,339 shares during the period. Finally, State Street Corp increased its holdings in shares of TriNet Group by 0.8% during the 4th quarter. State Street Corp now owns 702,089 shares of the business services provider’s stock worth $41,515,000 after acquiring an additional 5,832 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Stock Performance

Shares of NYSE TNET opened at $68.44 on Thursday. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 18.30 and a beta of 0.95. The stock’s fifty day moving average price is $54.20 and its two-hundred day moving average price is $47.05. TriNet Group, Inc. has a one year low of $33.60 and a one year high of $73.07.

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

TriNet Group Announces Dividend

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

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 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 owned 67,678 shares in the company, valued at $2,941,285.88. This represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

TNET has been the topic of a number of research analyst reports. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. TD Cowen lifted 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. upped their price objective 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. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, 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 note on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and a consensus target price of $56.80.

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.