IFG Advisory LLC Decreases Stake in TriNet Group, Inc. $TNET

IFG Advisory LLC reduced its holdings in TriNet Group, Inc. (NYSE:TNET) by 29.7% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 27,846 shares of the business services provider’s stock after selling 11,784 shares during the period. IFG Advisory LLC’s holdings in TriNet Group were worth $1,647,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of TriNet Group by 3.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after buying an additional 185 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of TriNet Group by 45.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after buying an additional 201 shares in the last quarter. Quantinno Capital Management LP lifted its stake in shares of TriNet Group by 5.9% in the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after buying an additional 317 shares in the last quarter. ProShare Advisors LLC lifted its stake in shares of TriNet Group by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock worth $323,000 after buying an additional 346 shares in the last quarter. Finally, Envestnet Asset Management Inc. lifted its stake in shares of TriNet Group by 0.7% in the third quarter. Envestnet Asset Management Inc. now owns 49,756 shares of the business services provider’s stock worth $3,328,000 after buying an additional 370 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at TriNet Group

In related news, Director Brian C. Evanko purchased 5,000 shares of the company’s stock in a transaction on Wednesday, March 4th. The stock was acquired at an average cost of $37.70 per share, for a total transaction of $188,500.00. Following the completion of the transaction, the director directly owned 9,565 shares in the company, valued at approximately $360,600.50. The trade was a 109.53% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Anthony Shea Treadway sold 933 shares of TriNet Group stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total transaction of $40,548.18. Following the sale, the senior vice president owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This represents 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. Company insiders own 40.00% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on TNET shares. TD Cowen raised their price target on shares of TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. UBS Group reduced their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Stifel Nicolaus reduced their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. JPMorgan Chase & Co. lifted their target price on shares of TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Finally, Weiss Ratings raised shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, TriNet Group currently has an average rating of “Hold” and a consensus price target of $55.20.

TriNet Group Price Performance

Shares of TNET stock opened at $45.72 on Friday. 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’s 50-day moving average is $39.96 and its two-hundred day moving average is $48.42. TriNet Group, Inc. has a 12 month low of $33.60 and a 12 month high of $84.08. The company has a market capitalization of $2.10 billion, a PE ratio of 13.65 and a beta of 1.02.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The company had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the previous year, the firm earned $1.99 earnings per share. TriNet Group’s quarterly 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. Analysts predict that TriNet Group, Inc. will post 3.55 earnings per share for the current year.

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 repurchase up to 18.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board of directors believes its shares are undervalued.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.29 per share. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date was Wednesday, April 1st. TriNet Group’s dividend payout ratio (DPR) is 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.