Pacer Advisors Inc. Sells 23,478 Shares of TriNet Group, Inc. $TNET

Pacer Advisors Inc. trimmed its position in shares of TriNet Group, Inc. (NYSE:TNET) by 7.8% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 276,057 shares of the business services provider’s stock after selling 23,478 shares during the period. Pacer Advisors Inc. owned about 0.57% of TriNet Group worth $16,323,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA grew its holdings in TriNet Group by 19.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after purchasing an additional 387,940 shares during the last quarter. Boston Partners bought a new position in TriNet Group during the 3rd quarter valued at about $97,712,000. American Century Companies Inc. grew its holdings in TriNet Group by 14.4% during the 3rd quarter. American Century Companies Inc. now owns 1,327,636 shares of the business services provider’s stock valued at $88,806,000 after purchasing an additional 167,599 shares during the last quarter. ArrowMark Colorado Holdings LLC grew its holdings in TriNet Group by 14.7% during the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 849,863 shares of the business services provider’s stock valued at $56,847,000 after purchasing an additional 109,170 shares during the last quarter. Finally, Man Group plc grew its holdings in TriNet Group by 286.6% during the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock valued at $31,365,000 after purchasing an additional 347,622 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Down 4.5%

NYSE:TNET opened at $39.61 on Thursday. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $86.78. The company has a 50-day moving average of $38.64 and a 200 day moving average of $49.76. The firm has a market cap of $1.82 billion, a PE ratio of 11.82 and a beta of 1.02. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.64. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the business earned $1.99 EPS. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, research analysts anticipate that TriNet Group, Inc. will post 3.55 EPS for the current fiscal year.

TriNet Group declared that its board has initiated a share buyback plan on Thursday, February 12th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.29 per share. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date was Wednesday, April 1st. TriNet Group’s payout ratio is 34.63%.

Insider Activity

In other news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total transaction of $28,690.50. Following the transaction, the senior vice president directly owned 55,750 shares in the company, valued at approximately $2,063,865. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.00% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently commented on TNET shares. Stifel Nicolaus cut their price target on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Weiss Ratings upgraded shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their price target on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Zacks Research upgraded shares of TriNet Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, UBS Group dropped their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $55.20.

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.