TriNet Group (NYSE:TNET) Director Wayne Lowell Sells 5,773 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Wayne Lowell sold 5,773 shares of the company’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total transaction of $396,662.83. Following the completion of the sale, the director owned 86,449 shares in the company, valued at $5,939,910.79. This represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TriNet Group Stock Down 2.0%

NYSE TNET traded down $1.33 during trading hours on Thursday, hitting $67.03. The company’s stock had a trading volume of 710,940 shares, compared to its average volume of 472,653. The company has a market capitalization of $3.08 billion, a PE ratio of 17.92 and a beta of 0.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. TriNet Group, Inc. has a 52 week low of $33.60 and a 52 week high of $73.07. The company’s 50-day simple moving average is $54.20 and its two-hundred day simple moving average is $47.05.

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

TriNet Group Announces Dividend

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

Hedge Funds Weigh In On TriNet Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners bought a new stake in shares of TriNet Group during the 3rd quarter valued at $97,712,000. Northwestern Mutual Wealth Management Co. increased its holdings in 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. Norges Bank bought a new position in shares of TriNet Group in the fourth quarter worth $28,266,000. Millennium Management LLC boosted its stake in TriNet Group by 1,047.5% during the fourth quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock valued at $27,675,000 after buying an additional 427,242 shares during the period. Finally, Man Group plc grew its position in TriNet Group by 286.6% during the third quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after buying an additional 347,622 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Wall Street Analysts Forecast Growth

TNET has been the topic of a number of research analyst reports. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Weiss Ratings raised shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. UBS Group reduced 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 report on Tuesday, May 5th. TD Cowen raised their price target on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, Truist Financial lifted their price target on shares of 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 assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, TriNet Group currently has an average rating of “Hold” and an average price target 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.