Wellington Management Group LLP Trims Holdings in TriNet Group, Inc. $TNET

Wellington Management Group LLP decreased its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 11.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,067,963 shares of the business services provider’s stock after selling 136,466 shares during the period. Wellington Management Group LLP’s holdings in TriNet Group were worth $52,853,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of TNET. Quarry LP grew its position in shares of TriNet Group by 524.7% in the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after buying an additional 383 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of TriNet Group during the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd lifted its stake in 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 worth $28,000 after acquiring an additional 295 shares during the period. Essential Partners LLC lifted its stake in TriNet Group by 427.4% in the first quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after acquiring an additional 765 shares during the period. Finally, Cache Advisors LLC bought a new stake in TriNet Group in the first quarter valued at $36,000. 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 that occurred on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the transaction, the senior vice president owned 53,212 shares in the company, valued at approximately $3,646,618.36. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anthony Shea Treadway sold 1,068 shares of the stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total transaction of $74,546.40. Following the sale, the senior vice president owned 65,506 shares in the company, valued at approximately $4,572,318.80. The trade was a 1.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 10,016 shares of company stock worth $691,600. 40.00% of the stock is currently owned by company insiders.

TriNet Group Stock Performance

Shares of TNET opened at $69.69 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The stock has a market cap of $3.20 billion, a P/E ratio of 18.63 and a beta of 0.94. The business’s 50 day moving average price is $63.54 and its 200-day moving average price is $48.80. TriNet Group, Inc. has a 52 week low of $33.60 and a 52 week high of $73.07.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data 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. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. 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. Equities research analysts anticipate that TriNet Group, Inc. will post 3.87 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

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

Analyst Upgrades and Downgrades

TNET has been the topic of a number of research analyst reports. TD Cowen boosted their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. lifted their target price on shares of TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, July 31st. Weiss Ratings raised TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Finally, Truist Financial upped their target price on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, TriNet Group has an average rating of “Hold” and a consensus 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.