Vaughan Nelson Investment Management L.P. Has $47.44 Million Stake in TriNet Group, Inc. $TNET

Vaughan Nelson Investment Management L.P. raised its position in shares of TriNet Group, Inc. (NYSE:TNET) by 90.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 648,630 shares of the business services provider’s stock after buying an additional 307,440 shares during the period. Vaughan Nelson Investment Management L.P. owned about 1.34% of TriNet Group worth $47,441,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Hilltop National Bank acquired a new stake in shares of TriNet Group during the second quarter worth approximately $43,000. PNC Financial Services Group Inc. increased its holdings in shares of TriNet Group by 58.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider’s stock worth $182,000 after buying an additional 845 shares in the last quarter. AlphaQuest LLC increased its holdings in shares of TriNet Group by 633.5% during the first quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider’s stock worth $196,000 after buying an additional 2,135 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of TriNet Group during the first quarter valued at approximately $206,000. Finally, Xponance Inc. increased its holdings in shares of TriNet Group by 6.4% in the first quarter. Xponance Inc. now owns 2,613 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 157 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analyst Upgrades and Downgrades

TNET has been the subject of a number of research reports. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a report on Saturday, September 27th. JPMorgan Chase & Co. lowered their price target on shares of TriNet Group from $76.00 to $75.00 and set an “underweight” rating for the company in a report on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Reduce” and an average target price of $96.33.

Insiders Place Their Bets

In related news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction on Wednesday, October 1st. The shares were sold at an average price of $65.93, for a total value of $51,095.75. Following the sale, the senior vice president directly owned 20,933 shares of the company’s stock, valued at approximately $1,380,112.69. The trade was a 3.57% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $64.18, for a total transaction of $38,508.00. Following the completion of the sale, the director directly owned 38,440 shares in the company, valued at $2,467,079.20. This represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,170 shares of company stock worth $611,708 in the last ninety days. 38.10% of the stock is owned by insiders.

TriNet Group Trading Up 2.7%

Shares of NYSE TNET opened at $66.04 on Friday. The company’s fifty day moving average is $67.66 and its 200-day moving average is $73.81. The stock has a market cap of $3.21 billion, a price-to-earnings ratio of 22.69 and a beta of 0.79. TriNet Group, Inc. has a twelve month low of $62.55 and a twelve month high of $99.78. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, topping analysts’ consensus estimates of $1.03 by $0.12. The company had revenue of $282.90 million for the quarter, compared to analysts’ expectations of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. During the same period last year, the firm posted $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Equities research analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Wednesday, October 1st will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, October 1st. TriNet Group’s payout ratio is currently 37.80%.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.