258,834 Shares in TriNet Group, Inc. $TNET Purchased by Heron Bay Capital Management

Heron Bay Capital Management purchased a new position in TriNet Group, Inc. (NYSE:TNET) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 258,834 shares of the business services provider’s stock, valued at approximately $12,810,000. TriNet Group comprises approximately 1.2% of Heron Bay Capital Management’s holdings, making the stock its 28th largest position. Heron Bay Capital Management owned 0.56% of TriNet Group at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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. Aster Capital Management DIFC Ltd acquired a new stake in shares of TriNet Group in the fourth quarter worth approximately $28,000. Quarry LP grew its holdings in TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 383 shares during the period. Essential Partners LLC grew its holdings in TriNet Group by 427.4% in the first quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 765 shares during the period. Finally, Cache Advisors LLC acquired a new position in TriNet Group during the first quarter worth approximately $36,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Up 2.5%

TNET opened at $70.45 on Friday. The firm has a 50 day moving average price of $59.32 and a 200 day moving average price of $47.72. The company has a market cap of $3.23 billion, a PE ratio of 18.84 and a beta of 0.95. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $73.07. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $1.18 billion. During the same quarter last year, the firm posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Sell-side analysts expect that TriNet Group, Inc. will post 3.87 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date of this dividend was Wednesday, July 1st. TriNet Group’s dividend payout ratio (DPR) is currently 31.02%.

Insider Buying and Selling at TriNet Group

In related news, Director Wayne B. Lowell sold 5,773 shares of the stock in a transaction on Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total value of $396,662.83. Following the completion of the sale, the director directly owned 86,449 shares in the company, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Anthony Shea Treadway sold 1,068 shares of the firm’s stock in a transaction dated 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 transaction, the senior vice president directly owned 65,506 shares in the company, valued at $4,572,318.80. This trade represents a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 40.00% of the company’s stock.

Wall Street Analysts Forecast Growth

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

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.