Insider Selling: TriNet Group (NYSE:TNET) SVP Sells $53,110.75 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Sidney Majalya sold 775 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $68.53, for a total value of $53,110.75. Following the transaction, the senior vice president owned 53,212 shares of the company’s stock, valued at $3,646,618.36. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Trading Up 1.1%

Shares of TriNet Group stock opened at $70.38 on Thursday. TriNet Group, Inc. has a 52-week low of $33.60 and a 52-week high of $73.07. The stock’s 50-day simple moving average is $60.74 and its 200 day simple moving average is $47.90. The stock has a market capitalization of $3.23 billion, a P/E ratio of 18.82 and a beta of 0.95. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $0.93 by $0.62. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same period 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. As a group, research analysts anticipate that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Dividend Announcement

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

Analysts Set New Price Targets

A number of research firms recently weighed in on TNET. Weiss Ratings lowered shares of TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. UBS Group dropped their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. TD Cowen raised their price target on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. lifted their price target on TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, July 31st. Finally, Truist Financial boosted their price objective on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and an average target price of $56.80.

Hedge Funds Weigh In On TriNet Group

Several hedge funds have recently bought and sold shares of the company. BlackRock Inc. purchased a new stake in TriNet Group in the 2nd quarter worth approximately $128,161,000. California State Teachers Retirement System grew its position in shares of TriNet Group by 3,535.7% during the 2nd quarter. California State Teachers Retirement System now owns 1,543,049 shares of the business services provider’s stock valued at $76,365,000 after purchasing an additional 1,500,607 shares in the last quarter. Boston Partners purchased a new position in shares of TriNet Group during the 3rd quarter valued at $97,712,000. Earnest Partners LLC increased its holdings in shares of TriNet Group by 3.4% in the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock worth $53,118,000 after purchasing an additional 29,613 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in shares of TriNet Group by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock worth $52,845,000 after purchasing an additional 5,036 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.