OMERS ADMINISTRATION Corp Buys Shares of 15,450 TriNet Group, Inc. $TNET

OMERS ADMINISTRATION Corp bought a new stake in TriNet Group, Inc. (NYSE:TNET) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 15,450 shares of the business services provider’s stock, valued at approximately $765,000.

Other institutional investors also recently modified their holdings of the company. Aster Capital Management DIFC Ltd acquired a new position in TriNet Group in the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew 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 period. Quarry LP raised its position in shares of TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 383 shares during the last quarter. Essential Partners LLC raised its position 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 valued at $34,000 after acquiring an additional 765 shares during the last quarter. Finally, Cache Advisors LLC acquired a new position in shares of TriNet Group in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insider Buying and Selling

In other TriNet Group news, SVP Anthony Shea Treadway sold 1,068 shares of the stock in a transaction dated Wednesday, August 19th. The stock was 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. This represents a 1.60% decrease in their position. 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. Also, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction dated 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 sale, the senior vice president owned 53,212 shares in the company, valued at approximately $3,646,618.36. This trade represents a 1.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 7,616 shares of company stock worth $524,320 over the last ninety days. Company insiders own 40.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on TNET shares. Truist Financial raised their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. TD Cowen raised their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. raised their target price on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. Finally, UBS Group decreased their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $56.80.

TriNet Group Trading Down 1.4%

NYSE:TNET opened at $69.43 on Friday. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $73.07. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13. The stock has a market capitalization of $3.19 billion, a PE ratio of 18.56 and a beta of 0.95. The business’s 50-day simple moving average is $61.22 and its 200-day simple moving average is $47.99.

TriNet Group (NYSE:TNET) last posted 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. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same period in the prior year, the business earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Sell-side analysts expect 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. Stockholders of record on Wednesday, July 1st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. TriNet Group’s dividend payout ratio 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.