Nordea Investment Management AB Cuts Position in TriNet Group, Inc. $TNET

Nordea Investment Management AB decreased its position in TriNet Group, Inc. (NYSE:TNET) by 12.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 147,567 shares of the business services provider’s stock after selling 20,711 shares during the quarter. Nordea Investment Management AB’s holdings in TriNet Group were worth $8,706,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of TNET. Boston Partners purchased a new position in shares of TriNet Group in the third quarter valued at $97,712,000. Massachusetts Financial Services Co. MA raised its stake in TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after purchasing an additional 387,940 shares in the last quarter. Man Group plc lifted its position in TriNet Group by 286.6% during the third quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock valued at $31,365,000 after purchasing an additional 347,622 shares during the last quarter. American Century Companies Inc. grew its stake in shares of TriNet Group by 35.2% in the 2nd quarter. American Century Companies Inc. now owns 1,160,037 shares of the business services provider’s stock worth $84,845,000 after buying an additional 301,832 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of TriNet Group by 155.8% in the 3rd quarter. Barclays PLC now owns 461,946 shares of the business services provider’s stock worth $30,900,000 after buying an additional 281,332 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Performance

Shares of NYSE:TNET opened at $36.89 on Thursday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57. TriNet Group, Inc. has a 12 month low of $33.60 and a 12 month high of $88.56. The company has a market capitalization of $1.75 billion, a price-to-earnings ratio of 11.68 and a beta of 0.86. The firm’s 50-day moving average is $46.31 and its 200 day moving average is $55.96.

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

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st will be given a $0.29 dividend. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.16 annualized dividend and a yield of 3.1%. TriNet Group’s dividend payout ratio is currently 36.71%.

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

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. Stifel Nicolaus lowered their price target on shares of 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 downgraded TriNet Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, January 21st. Truist Financial initiated coverage on TriNet Group in a report on Friday, December 5th. They issued a “hold” rating and a $62.00 target price for the company. Finally, TD Cowen cut their target price on TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat.com, TriNet Group presently has an average rating of “Reduce” and an average price target of $65.80.

Insiders Place Their Bets

In other news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction on Friday, January 9th. The stock was sold at an average price of $61.86, for a total transaction of $47,941.50. Following the completion of the sale, the senior vice president directly owned 19,853 shares in the company, valued at approximately $1,228,106.58. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 38.10% of the stock is currently owned by 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.