Vise Technologies Inc. Makes New $567,000 Investment in TriNet Group, Inc. $TNET

Vise Technologies Inc. acquired a new stake in TriNet Group, Inc. (NYSE:TNET) in the second quarter, Holdings Channel reports. The fund acquired 11,461 shares of the business services provider’s stock, valued at approximately $567,000.

A number of other institutional investors have also recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH grew 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. Mirae Asset Global Investments Co. Ltd. raised its position in shares of TriNet Group by 45.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock valued at $38,000 after buying an additional 201 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its position in shares of TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after buying an additional 295 shares in the last quarter. Quantinno Capital Management LP boosted its stake in shares of TriNet Group by 5.9% in the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock valued at $413,000 after buying an additional 317 shares during the period. Finally, ProShare Advisors LLC boosted its stake 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 buying an additional 346 shares during the period. Institutional investors own 96.81% of the company’s stock.

Insider Transactions at TriNet Group

In other news, Director Wayne B. Lowell sold 5,773 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the transaction, the director owned 86,449 shares in the company, valued at approximately $5,939,910.79. The trade was a 6.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anthony Shea Treadway sold 1,068 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total transaction of $74,546.40. Following the completion of the transaction, the senior vice president owned 65,506 shares in the company, valued at approximately $4,572,318.80. The trade was a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 7,616 shares of company stock worth $524,320. Company insiders own 40.00% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have commented on TNET shares. TD Cowen raised their price objective on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Truist Financial increased their target price on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Weiss Ratings downgraded TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat, TriNet Group currently has an average rating of “Reduce” and an average price target of $56.80.

TriNet Group Price Performance

Shares of TNET opened at $69.60 on Tuesday. The business has a 50-day simple moving average of $59.78 and a two-hundred day simple moving average of $47.70. The stock has a market cap of $3.19 billion, a PE ratio of 18.61 and a beta of 0.95. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-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.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping 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 last year, the company earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Analysts anticipate that TriNet Group, Inc. will post 3.87 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 1st. TriNet Group’s payout ratio is currently 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.