Tejara Capital Ltd Takes $1.06 Million Position in TriNet Group, Inc. $TNET

Tejara Capital Ltd acquired a new stake in shares of TriNet Group, Inc. (NYSE:TNET) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 18,000 shares of the business services provider’s stock, valued at approximately $1,064,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its position in TriNet Group by 3.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after purchasing an additional 185 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of 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 valued at $38,000 after buying an additional 201 shares during the period. Quantinno Capital Management LP boosted its stake in shares of 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 buying an additional 317 shares during the last quarter. Envestnet Asset Management Inc. boosted its stake in shares of TriNet Group by 0.7% in the 3rd 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 during the last quarter. Finally, Quarry LP grew its holdings in shares of TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after acquiring an additional 383 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analyst Ratings Changes

TNET has been the subject of a number of research reports. JPMorgan Chase & Co. upped their price objective on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. UBS Group reduced their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday. Finally, TD Cowen boosted their target price on shares of TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, May 1st. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $55.20.

TriNet Group Price Performance

NYSE TNET opened at $39.61 on Friday. The company has a market capitalization of $1.82 billion, a PE ratio of 11.82 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. The business’s fifty day moving average is $38.67 and its 200 day moving average is $49.60. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $86.78.

TriNet Group (NYSE:TNET) last issued its quarterly 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 return on equity of 219.54% and a net margin of 3.22%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the business posted $1.99 earnings per share. The business’s quarterly revenue was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Sell-side analysts predict that TriNet Group, Inc. will post 3.55 earnings per share for the current year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date 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 (DPR) is 34.63%.

TriNet Group declared that its board has authorized a share repurchase plan on Thursday, February 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 18.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

Insiders Place Their Bets

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total transaction of $28,690.50. Following the transaction, the senior vice president owned 55,750 shares of the company’s stock, valued at $2,063,865. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by corporate insiders.

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.