Morningstar Investment Management LLC Invests $1.02 Million in TriNet Group, Inc. $TNET

Morningstar Investment Management LLC acquired a new position in TriNet Group, Inc. (NYSE:TNET) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 27,923 shares of the business services provider’s stock, valued at approximately $1,017,000.

Other hedge funds have also made changes to their positions in the company. Boston Partners acquired a new position in shares of TriNet Group during the 3rd quarter valued at $97,712,000. Earnest Partners LLC increased its holdings in TriNet Group by 3.4% in the 4th quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock valued at $53,118,000 after purchasing an additional 29,613 shares in the last quarter. Dimensional Fund Advisors LP raised 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 valued at $52,845,000 after purchasing an additional 5,036 shares during the period. Northwestern Mutual Wealth Management Co. raised its position in 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. Finally, State Street Corp lifted its stake in shares of TriNet Group by 0.8% during the fourth quarter. State Street Corp now owns 702,089 shares of the business services provider’s stock worth $41,515,000 after purchasing an additional 5,832 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Performance

Shares of TNET stock opened at $61.61 on Friday. TriNet Group, Inc. has a 12 month low of $33.60 and a 12 month high of $72.84. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $2.83 billion, a P/E ratio of 18.39 and a beta of 0.99. The company’s fifty day moving average price is $50.05 and its two-hundred day moving average price is $46.76.

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

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.16 annualized dividend and a yield of 1.9%. TriNet Group’s payout ratio is currently 34.63%.

Analyst Upgrades and Downgrades

TNET has been the subject of several analyst reports. TD Cowen upped their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. UBS Group dropped their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Truist Financial upped their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $55.80.

Insider Transactions at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the company’s stock in a transaction that occurred on Tuesday, May 19th. The stock was 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 of the company’s stock, valued at $2,941,285.88. This represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 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 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.