Quantbot Technologies LP Has $1.74 Million Stock Position in TriNet Group, Inc. $TNET

Quantbot Technologies LP raised its stake in TriNet Group, Inc. (NYSE:TNET) by 115.2% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,021 shares of the business services provider’s stock after acquiring an additional 13,928 shares during the quarter. Quantbot Technologies LP owned about 0.05% of TriNet Group worth $1,741,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA increased its stake in shares of 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 worth $157,392,000 after purchasing an additional 387,940 shares during the period. American Century Companies Inc. grew its holdings in 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 valued at $84,845,000 after buying an additional 301,832 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in TriNet Group by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 715,840 shares of the business services provider’s stock worth $47,883,000 after buying an additional 67,210 shares during the period. Cubist Systematic Strategies LLC lifted its holdings in shares of TriNet Group by 23.0% during the second quarter. Cubist Systematic Strategies LLC now owns 252,065 shares of the business services provider’s stock worth $18,436,000 after buying an additional 47,087 shares in the last quarter. Finally, Royal London Asset Management Ltd. boosted its position in shares of TriNet Group by 3.8% in the second quarter. Royal London Asset Management Ltd. now owns 244,231 shares of the business services provider’s stock valued at $17,796,000 after acquiring an additional 9,048 shares during the period. Institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $61.86, for a total value of $47,941.50. Following the completion of the transaction, the senior vice president owned 19,853 shares of the company’s stock, valued at $1,228,106.58. This represents a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on TNET shares. Zacks Research lowered shares of TriNet Group from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Truist Financial assumed coverage on shares of TriNet Group in a report on Friday, December 5th. They set a “hold” rating and a $62.00 target price on the stock. Stifel Nicolaus cut their price target on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. Finally, TD Cowen dropped their price objective on TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Reduce” and an average target price of $65.80.

TriNet Group Stock Down 2.6%

Shares of TNET opened at $36.93 on Thursday. The firm has a 50 day simple moving average of $53.18 and a two-hundred day simple moving average of $59.33. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09. TriNet Group, Inc. has a one year low of $33.60 and a one year high of $88.56. The company has a market cap of $1.75 billion, a P/E ratio of 11.69 and a beta of 0.86.

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

TriNet Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 2nd were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is presently 34.81%.

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.