Royce & Associates LP Acquires Shares of 13,318 TriNet Group, Inc. $TNET

Royce & Associates LP purchased a new stake in TriNet Group, Inc. (NYSE:TNET) during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 13,318 shares of the business services provider’s stock, valued at approximately $891,000.

Several other hedge funds also recently modified their holdings of TNET. Massachusetts Financial Services Co. MA grew its holdings in shares of TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after purchasing an additional 387,940 shares during the last quarter. American Century Companies Inc. lifted its position in TriNet Group by 35.2% during the 2nd quarter. American Century Companies Inc. now owns 1,160,037 shares of the business services provider’s stock worth $84,845,000 after buying an additional 301,832 shares in the last quarter. Millennium Management LLC grew its holdings in TriNet Group by 3,995.7% during the 1st quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock worth $11,008,000 after acquiring an additional 135,534 shares during the last quarter. Jane Street Group LLC increased its position in TriNet Group by 306.4% in the 2nd quarter. Jane Street Group LLC now owns 164,336 shares of the business services provider’s stock valued at $12,020,000 after acquiring an additional 123,898 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of TriNet Group by 109.2% in the third quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock worth $14,722,000 after acquiring an additional 114,892 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Performance

Shares of TNET opened at $39.12 on Friday. The firm’s 50 day moving average price is $52.39 and its two-hundred day moving average price is $59.00. The company has a debt-to-equity ratio of 16.57, a quick ratio of 1.09 and a current ratio of 1.09. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $88.56. The firm has a market cap of $1.85 billion, a P/E ratio of 12.38 and a beta of 0.86.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, February 12th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.37 by $0.09. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $251.57 million. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. The firm’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.44 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group declared that its board has authorized a share repurchase plan on Thursday, February 12th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 18.4% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 2nd were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend was Friday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is currently 34.81%.

Insider Activity

In other news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $61.86, for a total value of $47,941.50. Following the sale, the senior vice president directly owned 19,853 shares in the company, valued at $1,228,106.58. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 38.10% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

TNET has been the topic of several research reports. Zacks Research lowered TriNet Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. Stifel Nicolaus cut their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Truist Financial initiated coverage on shares of TriNet Group in a research note on Friday, December 5th. They issued a “hold” rating and a $62.00 target price on the stock. Finally, TD Cowen lowered their price target on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average target price of $65.80.

TriNet Group 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.