TriNet Group (NYSE:TNET) SVP Anthony Shea Treadway Sells 933 Shares

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 933 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the completion of the sale, the senior vice president directly owned 67,678 shares of the company’s stock, valued at $2,941,285.88. The trade was a 1.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Stock Down 2.0%

Shares of TNET traded down $0.87 during mid-day trading on Thursday, hitting $41.75. The company’s stock had a trading volume of 290,628 shares, compared to its average volume of 505,939. The company’s 50-day moving average is $39.02 and its 200-day moving average is $49.06. TriNet Group, Inc. has a 52-week low of $33.60 and a 52-week high of $84.08. The firm has a market capitalization of $1.92 billion, a price-to-earnings ratio of 12.46 and a beta of 1.02. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, topping the consensus estimate of $1.84 by $0.64. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.08 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. TriNet Group’s revenue was down 5.1% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities research analysts forecast that TriNet Group, Inc. will post 3.55 EPS for the current fiscal year.

TriNet Group announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 12th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the business services provider to buy up to 18.4% of its stock through open market purchases. Stock buyback plans are generally an indication that the company’s management believes its stock is 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 issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, April 1st. This represents a $1.16 annualized dividend and a dividend yield of 2.8%. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. TriNet Group’s dividend payout ratio (DPR) is currently 34.63%.

Hedge Funds Weigh In On TriNet Group

Several institutional investors and hedge funds have recently modified their holdings of TNET. Essential Partners LLC boosted its stake in shares of TriNet Group by 427.4% in the first 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. Bank of America Corp DE grew its holdings in TriNet Group by 89.4% during the first quarter. Bank of America Corp DE now owns 314,528 shares of the business services provider’s stock worth $11,458,000 after acquiring an additional 148,451 shares during the period. Arkadios Wealth Advisors purchased a new position in TriNet Group during the first quarter valued at approximately $326,000. California State Teachers Retirement System lifted its holdings in TriNet Group by 43.0% in the first quarter. California State Teachers Retirement System now owns 42,442 shares of the business services provider’s stock valued at $1,546,000 after acquiring an additional 12,771 shares during the period. Finally, Empowered Funds LLC lifted its holdings in TriNet Group by 82.2% in the first quarter. Empowered Funds LLC now owns 15,421 shares of the business services provider’s stock valued at $557,000 after acquiring an additional 6,955 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently commented on the company. JPMorgan Chase & Co. increased their price objective on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. UBS Group decreased their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. 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 research note on Friday, February 13th. Finally, TD Cowen upped their price target on shares of TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price 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.