Insider Selling: TriNet Group (NYSE:TNET) SVP Sells 1,068 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 1,068 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total value of $74,546.40. Following the completion of the sale, the senior vice president directly owned 65,506 shares in the company, valued at approximately $4,572,318.80. This represents a 1.60% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Price Performance

Shares of TNET stock traded up $1.75 on Friday, hitting $70.45. 355,086 shares of the company’s stock were exchanged, compared to its average volume of 461,876. TriNet Group, Inc. has a 12 month low of $33.60 and a 12 month high of $73.07. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13. The company has a 50 day moving average of $58.86 and a 200 day moving average of $47.56. The stock has a market cap of $3.23 billion, a P/E ratio of 18.84 and a beta of 0.95.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, equities research analysts predict that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 annualized dividend and a yield of 1.6%. TriNet Group’s dividend payout ratio is presently 31.02%.

Institutional Investors Weigh In On TriNet Group

A number of institutional investors have recently modified their holdings of TNET. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings 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. increased its holdings in TriNet Group by 45.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after acquiring an additional 201 shares during the period. Caitong International Asset Management Co. Ltd increased its holdings in TriNet Group by 160.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after acquiring an additional 295 shares during the period. Quantinno Capital Management LP lifted its stake in TriNet Group by 5.9% in the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after purchasing an additional 317 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in TriNet Group by 6.8% in the 4th quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock worth $323,000 after purchasing an additional 346 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on TNET. Weiss Ratings downgraded shares of TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, August 11th. Truist Financial lifted their price target on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price target on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. TD Cowen raised their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a report on Friday, June 26th. Finally, Zacks Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat.com, TriNet Group has an average rating of “Reduce” and an average target price of $56.80.

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.