Moore Capital Management LP Increases Stake in TriNet Group, Inc. $TNET

Moore Capital Management LP boosted its holdings in TriNet Group, Inc. (NYSE:TNET) by 16.4% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 159,336 shares of the business services provider’s stock after acquiring an additional 22,500 shares during the quarter. Moore Capital Management LP’s holdings in TriNet Group were worth $7,886,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. Caitong International Asset Management Co. Ltd raised its stake in TriNet Group by 160.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after buying an additional 295 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in TriNet Group in the fourth quarter worth approximately $28,000. Quarry LP grew its position in shares of 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 acquiring an additional 383 shares during the period. Essential Partners LLC increased its stake in shares of TriNet Group by 427.4% in the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after purchasing an additional 765 shares in the last quarter. Finally, Cache Advisors LLC bought a new position in TriNet Group in the 1st quarter worth $36,000. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Performance

NYSE TNET opened at $70.60 on Monday. The stock has a market capitalization of $3.24 billion, a PE ratio of 18.88 and a beta of 0.95. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $73.07. The business has a 50 day simple moving average of $61.73 and a two-hundred day simple moving average of $48.11. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13.

TriNet Group (NYSE:TNET) last released its quarterly earnings results 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 net margin of 3.58% and a return on equity of 227.28%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the firm earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, research analysts predict that TriNet Group, Inc. will post 3.87 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a yield of 1.6%. TriNet Group’s dividend payout ratio is 31.02%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 1,068 shares of the business’s stock in a transaction 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 transaction, the senior vice president owned 65,506 shares in the company, valued at $4,572,318.80. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total transaction of $53,110.75. Following the completion of the sale, the senior vice president directly owned 53,212 shares in the company, valued at approximately $3,646,618.36. This represents a 1.44% 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. Insiders have sold a total of 7,616 shares of company stock worth $524,320 over the last ninety days. Company insiders own 40.00% of the company’s stock.

Analyst Upgrades and Downgrades

TNET has been the topic of several recent research reports. Zacks Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Weiss Ratings upgraded shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. TD Cowen raised 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. 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. Finally, Truist Financial boosted their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price 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.