Insider Selling: TriNet Group (NYSE:TNET) SVP Sells $53,110.75 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Sidney Majalya sold 775 shares of TriNet Group stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $68.53, for a total value of $53,110.75. Following the sale, the senior vice president directly owned 53,212 shares of the company’s stock, valued at $3,646,618.36. This represents a 1.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Price Performance

NYSE:TNET traded down $0.88 during trading hours on Monday, reaching $69.60. 238,383 shares of the company were exchanged, compared to its average volume of 460,487. The business has a 50 day moving average of $59.32 and a 200 day moving average of $47.62. 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 current ratio of 1.13 and a quick ratio of 1.13. The company has a market capitalization of $3.19 billion, a P/E ratio of 18.61 and a beta of 0.94.

TriNet Group (NYSE:TNET) last issued its quarterly 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 net margin of 3.58% and a return on equity of 227.28%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Research analysts forecast that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Dividend Announcement

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

Analyst Ratings Changes

TNET has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. increased their target price 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. Zacks Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Truist Financial increased their price objective on shares of 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 lowered 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. Finally, TD Cowen boosted their target price on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a report on Friday, June 26th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, TriNet Group has an average rating of “Reduce” and a consensus price target of $56.80.

Institutional Investors Weigh In On TriNet Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in shares of TriNet Group during the second quarter valued at about $128,161,000. California State Teachers Retirement System grew its stake in shares of TriNet Group by 3,535.7% in the second quarter. California State Teachers Retirement System now owns 1,543,049 shares of the business services provider’s stock worth $76,365,000 after acquiring an additional 1,500,607 shares during the last quarter. Boston Partners bought a new stake in TriNet Group during the 3rd quarter valued at about $97,712,000. Northwestern Mutual Wealth Management Co. lifted its position in TriNet Group by 5,911,158.3% in 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. Finally, Norges Bank purchased a new stake in shares of TriNet Group during the fourth quarter valued at $28,266,000. Institutional investors own 96.81% of the company’s stock.

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.