Pacer Advisors Inc. Reduces Stock Holdings in TriNet Group, Inc. $TNET

Pacer Advisors Inc. decreased its position in TriNet Group, Inc. (NYSE:TNET) by 7.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 276,057 shares of the business services provider’s stock after selling 23,478 shares during the period. Pacer Advisors Inc.’s holdings in TriNet Group were worth $16,323,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of TNET. Boston Partners bought a new position in TriNet Group during the third quarter worth about $97,712,000. Northwestern Mutual Wealth Management Co. raised its position 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 purchasing an additional 709,339 shares during the period. Norges Bank purchased a new stake in shares of TriNet Group during the 4th quarter valued at approximately $28,266,000. Millennium Management LLC lifted its stake in shares of TriNet Group by 1,047.5% during the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock valued at $27,675,000 after buying an additional 427,242 shares in the last quarter. Finally, Man Group plc boosted its holdings in TriNet Group by 286.6% in the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after buying an additional 347,622 shares during the period. 96.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on TNET. Weiss Ratings upgraded shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. increased their target price on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. TD Cowen raised their price target on TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, May 1st. UBS Group decreased their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $55.20.

Insider Activity at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total transaction of $28,690.50. Following the transaction, the senior vice president directly owned 55,750 shares in the company, valued at $2,063,865. This trade represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anthony Shea Treadway sold 933 shares of the 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 in the company, valued at $2,941,285.88. The trade was a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by corporate insiders.

TriNet Group Trading Down 0.1%

NYSE TNET opened at $45.25 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80. The stock’s 50-day simple moving average is $42.79 and its two-hundred day simple moving average is $47.41. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $76.09. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of 13.51 and a beta of 1.01.

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

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.16 annualized dividend and a yield of 2.6%. TriNet Group’s dividend payout ratio is currently 34.63%.

TriNet Group 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.