Pacer Advisors Inc. Sells 40,056 Shares of TriNet Group, Inc. $TNET

Pacer Advisors Inc. lessened its position in shares of TriNet Group, Inc. (NYSE:TNET) by 14.5% in the first quarter, Holdings Channel reports. The fund owned 236,001 shares of the business services provider’s stock after selling 40,056 shares during the quarter. Pacer Advisors Inc.’s holdings in TriNet Group were worth $8,598,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of TNET. Empowered Funds LLC grew its stake in shares of TriNet Group by 82.2% during the 1st quarter. Empowered Funds LLC now owns 15,421 shares of the business services provider’s stock valued at $557,000 after purchasing an additional 6,955 shares during the period. Essential Partners LLC increased 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 purchasing an additional 765 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of TriNet Group by 89.4% in the 1st quarter. Bank of America Corp DE now owns 314,528 shares of the business services provider’s stock worth $11,458,000 after purchasing an additional 148,451 shares during the period. Arkadios Wealth Advisors bought a new position in shares of TriNet Group in the 1st quarter worth approximately $326,000. Finally, California State Teachers Retirement System boosted its holdings in shares of 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 worth $1,546,000 after buying an additional 12,771 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Down 1.5%

NYSE TNET opened at $69.44 on Wednesday. The stock’s 50-day moving average price is $53.70 and its 200-day moving average price is $47.01. 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, Inc. has a 52 week low of $33.60 and a 52 week high of $73.07. The company has a market capitalization of $3.19 billion, a P/E ratio of 18.57 and a beta of 0.95.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $0.93 by $0.62. The firm had revenue of $1.18 billion for 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 previous year, the firm earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, equities research analysts predict that TriNet Group, Inc. will post 3.55 earnings per share for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. TriNet Group’s dividend payout ratio (DPR) is presently 31.02%.

Insiders Place Their Bets

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of TriNet Group stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total transaction of $40,548.18. Following the transaction, the senior vice president owned 67,678 shares of the company’s stock, valued at $2,941,285.88. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several analysts recently issued reports on TNET shares. TD Cowen boosted their target price on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, June 26th. UBS Group decreased their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Truist Financial lifted their price target on shares of TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. Finally, Zacks Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $56.80.

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.