Jupiter Topco LLC Acquires Shares of 245,454 TriNet Group, Inc. $TNET

Jupiter Topco LLC acquired a new stake in TriNet Group, Inc. (NYSE:TNET) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 245,454 shares of the business services provider’s stock, valued at approximately $12,148,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in TNET. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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. Aster Capital Management DIFC Ltd acquired a new stake in TriNet Group during the 4th quarter valued at $28,000. Quarry LP raised its position in shares of TriNet Group by 524.7% in the third 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. Essential Partners LLC lifted its stake in shares of TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after buying an additional 765 shares during the last quarter. Finally, Cache Advisors LLC bought a new stake in shares of TriNet Group during the 1st quarter worth about $36,000. 96.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on TNET. UBS Group lowered their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. TD Cowen boosted their price objective on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Weiss Ratings raised TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Truist Financial increased their target price on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. One investment analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, TriNet Group presently has a consensus rating of “Hold” and an average price target of $56.80.

Insider Buying and Selling

In other TriNet Group news, SVP Anthony Shea Treadway sold 1,068 shares of TriNet Group stock in a transaction 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 transaction, the senior vice president directly owned 65,506 shares of the company’s stock, valued at $4,572,318.80. The trade was a 1.60% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction 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 sale, 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 ownership of the stock. 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 7,616 shares of company stock valued at $524,320 over the last 90 days. 40.00% of the stock is owned by corporate insiders.

TriNet Group Price Performance

Shares of TriNet Group stock opened at $70.60 on Friday. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month 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 company has a 50-day simple moving average of $61.73 and a two-hundred day simple moving average of $48.15. The stock has a market capitalization of $3.24 billion, a price-to-earnings ratio of 18.88 and a beta of 0.95.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping 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 firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter in the prior year, the business posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Analysts forecast that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

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

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.