TriNet Group, Inc. $TNET Shares Sold by William Blair Investment Management LLC

William Blair Investment Management LLC lessened its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 9.5% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 402,873 shares of the business services provider’s stock after selling 42,396 shares during the quarter. William Blair Investment Management LLC’s holdings in TriNet Group were worth $23,822,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of TriNet Group in the third quarter valued at $97,712,000. American Century Companies Inc. lifted its holdings in shares of TriNet Group by 14.4% in the third quarter. American Century Companies Inc. now owns 1,327,636 shares of the business services provider’s stock valued at $88,806,000 after buying an additional 167,599 shares during the period. ArrowMark Colorado Holdings LLC lifted its holdings in shares of TriNet Group by 14.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 849,863 shares of the business services provider’s stock valued at $56,847,000 after buying an additional 109,170 shares during the period. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of TriNet Group by 5,911,158.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock valued at $41,944,000 after buying an additional 709,339 shares during the period. Finally, Man Group plc lifted its holdings in shares of TriNet Group by 286.6% in the third quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock valued at $31,365,000 after buying an additional 347,622 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Down 0.2%

NYSE:TNET opened at $42.71 on Tuesday. The firm has a market capitalization of $1.96 billion, a price-to-earnings ratio of 12.75 and a beta of 1.02. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $84.08. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. The business’s fifty day moving average price is $39.39 and its 200 day moving average price is $48.70.

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

TriNet Group declared that its Board of Directors has authorized a stock repurchase program on Thursday, February 12th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 18.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Wednesday, April 1st were given a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This is a positive change from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.7%. TriNet Group’s payout ratio is presently 34.63%.

Insider Activity at TriNet Group

In other TriNet Group news, Director Brian C. Evanko purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were purchased at an average cost of $37.70 per share, with a total value of $188,500.00. Following the completion of the transaction, the director owned 9,565 shares of the company’s stock, valued at approximately $360,600.50. This represents a 109.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Anthony Shea Treadway sold 933 shares of the company’s stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the transaction, the senior vice president directly owned 67,678 shares in the company, valued at $2,941,285.88. The trade was a 1.36% 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. 40.00% of the stock is owned by insiders.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stifel Nicolaus cut their price objective on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a report on Friday, February 13th. Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. JPMorgan Chase & Co. upped 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 cut their target price 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. Finally, Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat.com, TriNet Group has an average 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.