TriNet Group, Inc. $TNET Stock Position Reduced by Ghe LLC

Ghe LLC cut its position in shares of TriNet Group, Inc. (NYSE:TNET) by 74.1% in the first quarter, Holdings Channel reports. The firm owned 7,042 shares of the business services provider’s stock after selling 20,175 shares during the period. Ghe LLC’s holdings in TriNet Group were worth $257,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Boston Partners acquired a new stake in TriNet Group in the 3rd quarter worth approximately $97,712,000. Northwestern Mutual Wealth Management Co. grew 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 worth $41,944,000 after purchasing an additional 709,339 shares during the last quarter. Norges Bank acquired a new stake in TriNet Group during the fourth quarter worth about $28,266,000. Millennium Management LLC grew its holdings in shares of TriNet Group by 1,047.5% during the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock worth $27,675,000 after purchasing an additional 427,242 shares in the last quarter. Finally, Man Group plc increased its holdings in TriNet Group by 286.6% in the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock valued at $31,365,000 after buying an additional 347,622 shares during the period. Institutional investors own 96.81% of the company’s stock.

Analyst Ratings Changes

TNET has been the subject of several recent analyst reports. UBS Group dropped their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. TD Cowen raised their price target 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. JPMorgan Chase & Co. boosted their price objective on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Finally, Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $55.80.

TriNet Group Stock Down 0.0%

TriNet Group stock opened at $55.52 on Monday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. The company has a fifty day simple moving average of $46.51 and a 200 day simple moving average of $46.61. The company has a market cap of $2.55 billion, a P/E ratio of 16.57 and a beta of 0.99. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $72.84.

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

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.1%. The ex-dividend date is Wednesday, July 1st. TriNet Group’s dividend payout ratio is presently 34.63%.

Insider Transactions at TriNet Group

In other news, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the sale, the senior vice president directly owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through 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.

TriNet Group 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.