TriNet Group (NYSE:TNET) SVP Anthony Shea Treadway Sells 933 Shares

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 933 shares of the firm’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 transaction of $40,548.18. Following the transaction, the senior vice president directly owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a 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.

TriNet Group Price Performance

TNET stock opened at $41.75 on Friday. The stock’s 50 day moving average price is $39.12 and its 200 day moving average price is $48.93. The firm has a market cap of $1.92 billion, a P/E ratio of 12.46 and a beta of 1.02. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $84.08.

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

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Wednesday, April 1st were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.8%. 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. TriNet Group’s dividend payout ratio is presently 34.63%.

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

Hedge Funds Weigh In On TriNet Group

A number of institutional investors have recently added to or reduced their stakes in the company. Boston Partners acquired a new stake in shares of TriNet Group during the third quarter valued at about $97,712,000. Northwestern Mutual Wealth Management Co. lifted its stake 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 worth $41,944,000 after acquiring an additional 709,339 shares in the last quarter. Norges Bank purchased a new position in TriNet Group in the fourth quarter valued at about $28,266,000. Millennium Management LLC boosted its holdings in TriNet Group by 1,047.5% in 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, Man Group plc increased its holdings in TriNet Group by 286.6% during the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after purchasing an additional 347,622 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on TNET. JPMorgan Chase & Co. increased their price objective on shares of 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 raised shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. UBS Group lowered their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Stifel Nicolaus reduced their price objective on TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Finally, Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a research 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 issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target 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.