TriNet Group Target of Unusually High Options Trading (NYSE:TNET)

TriNet Group, Inc. (NYSE:TNET) was the target of unusually large options trading on Thursday. Traders bought 2,289 call options on the company. This represents an increase of 1,367% compared to the typical volume of 156 call options.

Insider Activity at TriNet Group

In related news, Director Wayne B. Lowell sold 5,773 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total transaction of $396,662.83. Following the sale, the director directly owned 86,449 shares of the company’s stock, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 40.00% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

Several hedge funds have recently made changes to their positions in TNET. Caitong International Asset Management Co. Ltd increased its position in shares of TriNet Group by 160.3% during 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 purchasing an additional 295 shares during the period. Aster Capital Management DIFC Ltd bought a new position in shares of TriNet Group in the fourth quarter valued at approximately $28,000. Quarry LP grew its holdings in shares of TriNet Group by 524.7% during the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after purchasing an additional 383 shares during the last quarter. Essential Partners LLC increased its position in TriNet Group by 427.4% in 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 in the last quarter. Finally, Cache Advisors LLC bought a new position in TriNet Group in the 1st quarter worth approximately $36,000. Institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Performance

NYSE:TNET traded down $0.61 during mid-day trading on Thursday, hitting $69.00. 23,771 shares of the company’s stock traded hands, compared to its average volume of 461,065. The firm has a market capitalization of $3.17 billion, a price-to-earnings ratio of 18.45 and a beta of 0.95. The firm has a 50 day moving average of $58.44 and a two-hundred day moving average of $47.51. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. TriNet Group has a 12 month low of $33.60 and a 12 month high of $73.07.

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 the consensus estimate of $0.93 by $0.62. The company 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 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, equities analysts forecast that TriNet Group will post 3.87 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. TriNet Group’s payout ratio is presently 31.02%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TNET shares. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. UBS Group lowered their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Weiss Ratings downgraded shares of TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. JPMorgan Chase & Co. upped their target price on TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, July 31st. Finally, Truist Financial raised their price objective 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. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Reduce” and an average 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.