Insider Selling: TriNet Group (NYSE:TNET) SVP Sells $74,546.40 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 1,068 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total value of $74,546.40. Following the completion of the sale, the senior vice president directly owned 65,506 shares in the company, valued at approximately $4,572,318.80. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Stock Performance

Shares of TNET stock opened at $70.45 on Monday. The firm has a market capitalization of $3.23 billion, a PE ratio of 18.84 and a beta of 0.94. The company has a 50 day moving average price of $59.32 and a 200-day moving average price of $47.62. TriNet Group, Inc. has a 52 week low of $33.60 and a 52 week high of $73.07. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17.

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 the consensus estimate of $0.93 by $0.62. The business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same quarter last year, the company posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, equities research analysts expect that TriNet Group, Inc. will post 3.87 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.6%. TriNet Group’s dividend payout ratio is currently 31.02%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TNET shares. 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. Truist Financial raised their target price 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 decreased their price target 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. Weiss Ratings lowered TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their price objective on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average price target of $56.80.

Institutional Investors Weigh In On TriNet Group

A number of large investors have recently bought and sold shares of TNET. Kaydan Wealth Management Inc. acquired a new stake in TriNet Group during the second quarter worth about $208,000. Nykredit A S purchased a new stake in TriNet Group in the 2nd quarter worth approximately $55,000. Moore Capital Management LP boosted its position in TriNet Group by 16.4% in the 2nd quarter. Moore Capital Management LP now owns 159,336 shares of the business services provider’s stock worth $7,886,000 after purchasing an additional 22,500 shares in the last quarter. Hsbc Holdings PLC grew its stake in shares of TriNet Group by 47.0% during the 2nd quarter. Hsbc Holdings PLC now owns 18,333 shares of the business services provider’s stock worth $910,000 after purchasing an additional 5,860 shares during the period. Finally, Empowered Funds LLC acquired a new stake in shares of TriNet Group during the 2nd quarter worth approximately $447,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.