Anthony Shea Treadway Sells 459 Shares of TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 459 shares of TriNet Group stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $54.52, for a total transaction of $25,024.68. Following the completion of the sale, the senior vice president directly owned 28,224 shares of the company’s stock, valued at approximately $1,538,772.48. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TriNet Group Stock Performance

Shares of NYSE TNET traded down $0.23 during midday trading on Thursday, hitting $54.77. 377,241 shares of the stock traded hands, compared to its average volume of 436,371. The firm has a market capitalization of $2.63 billion, a P/E ratio of 20.21 and a beta of 0.84. TriNet Group, Inc. has a one year low of $54.22 and a one year high of $97.02. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. The firm has a 50-day moving average of $62.15 and a two-hundred day moving average of $69.54.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. The company had revenue of $1.22 billion during the quarter, compared to analysts’ expectations of $261.92 million. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.TriNet Group’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.17 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Wednesday, October 1st were issued a $0.275 dividend. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.0%. TriNet Group’s dividend payout ratio (DPR) is presently 40.59%.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. raised its stake in TriNet Group by 106.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 229 shares during the period. Quarry LP grew its holdings in TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after buying an additional 383 shares in the last quarter. Hilltop National Bank bought a new stake in shares of TriNet Group during the second quarter valued at approximately $43,000. CWM LLC raised its position in shares of TriNet Group by 140.5% during the second quarter. CWM LLC now owns 582 shares of the business services provider’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of TriNet Group in the third quarter worth $46,000. Institutional investors own 96.81% of the company’s stock.

Analyst Ratings Changes

Several analysts recently issued reports on TNET shares. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. UBS Group lowered their target price on TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Finally, Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $67.33.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.