TriNet Group (NYSE:TNET) Director Sells 2,400 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 2,400 shares of the company’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $69.70, for a total transaction of $167,280.00. Following the completion of the transaction, the director owned 40,175 shares of the company’s stock, valued at approximately $2,800,197.50. This trade represents a 5.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.

TriNet Group Price Performance

Shares of NYSE:TNET traded down $0.04 during trading on Monday, reaching $70.23. 398,994 shares of the company’s stock traded hands, compared to its average volume of 456,214. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two 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. The firm has a market cap of $3.22 billion, a PE ratio of 18.78 and a beta of 0.95. The company has a 50-day simple moving average of $61.73 and a 200-day simple moving average of $48.11.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.62. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same quarter in the prior year, the firm posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current year.

TriNet Group Dividend Announcement

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 was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. TriNet Group’s dividend payout ratio (DPR) is 31.02%.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd lifted its stake in shares of TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after buying an additional 295 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in TriNet Group during the 4th quarter valued at about $28,000. Quarry LP raised its holdings in TriNet Group by 524.7% in 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 last quarter. Essential Partners LLC raised its holdings in TriNet Group by 427.4% in the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 765 shares during the last quarter. Finally, Cache Advisors LLC purchased a new position in TriNet Group in the 1st quarter worth approximately $36,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

TNET has been the subject of a number of research analyst reports. 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. JPMorgan Chase & Co. lifted their target price on shares of TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, July 31st. UBS Group cut 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 note on Tuesday, May 5th. Zacks Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Finally, 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 research note on Friday, June 26th. One equities research 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’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.80.

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.