Man Group plc Buys New Shares in TriNet Group, Inc. $TNET

Man Group plc bought a new stake in shares of TriNet Group, Inc. (NYSE:TNET) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 277,903 shares of the business services provider’s stock, valued at approximately $13,753,000.

Several other institutional investors and hedge funds have also bought and sold shares of TNET. Universal Beteiligungs und Servicegesellschaft mbH boosted its position in shares of TriNet Group by 3.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after purchasing an additional 185 shares in the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings 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 worth $28,000 after acquiring an additional 295 shares during the last quarter. Quantinno Capital Management LP grew its position in TriNet Group by 5.9% in the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after purchasing an additional 317 shares in the last quarter. ProShare Advisors LLC grew its holdings in shares of TriNet Group by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 346 shares in the last quarter. Finally, Quarry LP grew its stake 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 purchasing an additional 383 shares during the period. 96.81% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other TriNet Group news, SVP Anthony Shea Treadway sold 1,068 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were 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 $4,572,318.80. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a 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 firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the completion of the transaction, the senior vice president owned 53,212 shares of the company’s stock, valued at approximately $3,646,618.36. The trade was 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 sold 7,616 shares of company stock worth $524,320 over the last three months. Company insiders own 40.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently weighed in on TNET. Weiss Ratings raised shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. JPMorgan Chase & Co. lifted their target price on TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, July 31st. TD Cowen boosted their price target 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 upped their price objective 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. Finally, Zacks Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. 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 company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $56.80.

TriNet Group Trading Down 1.4%

NYSE:TNET opened at $69.43 on Friday. The firm has a market capitalization of $3.19 billion, a P/E ratio of 18.56 and a beta of 0.95. The company has a fifty day moving average of $61.22 and a 200 day moving average of $47.99. 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, Inc. has a 52 week low of $33.60 and a 52 week high of $73.07.

TriNet Group (NYSE:TNET) last posted its 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 analyst estimates 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 business posted $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 earnings per share for the current year.

TriNet Group Announces Dividend

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

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.