TriNet Group (NYSE:TNET) SVP Sells $20,361.47 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 487 shares of TriNet Group stock in a transaction on Wednesday, February 18th. The stock was sold at an average price of $41.81, for a total transaction of $20,361.47. Following the transaction, the senior vice president directly owned 27,006 shares in the company, valued at $1,129,120.86. This represents a 1.77% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

TriNet Group Stock Down 9.9%

Shares of TNET stock traded down $4.22 on Friday, hitting $38.47. The stock had a trading volume of 805,134 shares, compared to its average volume of 541,113. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day moving average of $57.24 and a 200 day moving average of $61.09. TriNet Group, Inc. has a 12-month low of $38.44 and a 12-month high of $88.56. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 12.17 and a beta of 0.81.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.09. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $251.57 million. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. The firm’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 2nd were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Friday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is presently 34.81%.

TriNet Group announced that its Board of Directors has approved a share buyback plan on Thursday, February 12th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the business services provider to repurchase up to 18.4% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

Institutional Trading of TriNet Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Boston Partners bought a new stake in TriNet Group during the third quarter valued at $97,712,000. Northwestern Mutual Wealth Management Co. raised its stake 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 in the last quarter. Norges Bank purchased a new stake in TriNet Group in the fourth quarter valued at approximately $28,266,000. Millennium Management LLC lifted its position in TriNet Group by 1,047.5% during the fourth quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock valued at $27,675,000 after purchasing an additional 427,242 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position in TriNet Group by 19.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after acquiring an additional 387,940 shares in the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on TNET. UBS Group reduced their price objective on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Stifel Nicolaus reduced their price target on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, February 13th. JPMorgan Chase & Co. lowered their price objective on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Truist Financial started coverage on shares of TriNet Group in a research note on Friday, December 5th. They issued a “hold” rating and a $62.00 target price on the stock. Finally, TD Cowen reduced their target price on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $65.80.

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.