Canada Pension Plan Investment Board Purchases Shares of 15,100 TriNet Group, Inc. $TNET

Canada Pension Plan Investment Board acquired a new position in TriNet Group, Inc. (NYSE:TNET) in the second quarter, Holdings Channel.com reports. The institutional investor acquired 15,100 shares of the business services provider’s stock, valued at approximately $747,000.

Other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of TriNet Group during the second quarter valued at approximately $128,161,000. Boston Partners bought a new position in TriNet Group in the third quarter worth $97,712,000. Earnest Partners LLC lifted its position in TriNet Group by 3.4% in the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock worth $53,118,000 after purchasing an additional 29,613 shares during the period. Dimensional Fund Advisors LP lifted its position in TriNet Group by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock worth $52,845,000 after purchasing an additional 5,036 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in TriNet Group by 5,911,158.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after buying an additional 709,339 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insider Activity

In related news, SVP Anthony Shea Treadway sold 1,068 shares of the stock in a transaction dated 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 sale, the senior vice president owned 65,506 shares in the company, valued at $4,572,318.80. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $68.53, for a total transaction of $53,110.75. Following the transaction, the senior vice president directly owned 53,212 shares of the company’s stock, valued at $3,646,618.36. This 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 sold a total of 10,016 shares of company stock worth $691,600 in the last quarter. 40.00% of the stock is owned by company insiders.

TriNet Group Price Performance

Shares of TNET stock opened at $66.74 on Wednesday. The stock’s fifty day simple moving average is $62.69 and its 200 day simple moving average is $48.40. 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 firm has a market cap of $3.06 billion, a price-to-earnings ratio of 17.84 and a beta of 0.94. TriNet Group, Inc. has a one year low of $33.60 and a one year high of $73.07.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results 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. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the prior year, the business posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, analysts expect that TriNet Group, Inc. will post 3.87 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a $0.29 dividend. 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 presently 31.02%.

Analysts Set New Price Targets

Several brokerages have issued reports on TNET. UBS Group lowered their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. TD Cowen raised their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Weiss Ratings upgraded shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Truist Financial upped their target price on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. Finally, 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. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock 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.