Quantinno Capital Management LP Acquires 123,717 Shares of TriNet Group, Inc. $TNET

Quantinno Capital Management LP grew its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 1,052.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 135,470 shares of the business services provider’s stock after acquiring an additional 123,717 shares during the period. Quantinno Capital Management LP owned 0.29% of TriNet Group worth $4,935,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in TNET. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of TriNet Group by 3.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock valued at $350,000 after purchasing an additional 185 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its stake in TriNet Group by 45.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after purchasing an additional 201 shares during the period. Caitong International Asset Management Co. Ltd grew 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 valued at $28,000 after buying an additional 295 shares in the last quarter. ProShare Advisors LLC grew its holdings in TriNet Group by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock valued at $323,000 after buying an additional 346 shares in the last quarter. Finally, Quarry LP increased its position in shares of TriNet Group by 524.7% during the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after buying an additional 383 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Stock Performance

Shares of TNET opened at $67.03 on Friday. The company has a market cap of $3.08 billion, a PE ratio of 17.92 and a beta of 0.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. The stock has a 50-day moving average price of $54.63 and a 200-day moving average price of $47.08. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-month high of $73.07.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $0.93 by $0.62. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same quarter in the previous year, the firm earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, equities analysts forecast that TriNet Group, Inc. will post 3.55 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. TriNet Group’s dividend payout ratio is presently 31.02%.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on TNET. Zacks Research downgraded shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. UBS Group decreased their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. TD Cowen increased their target price on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. raised their price target on shares of TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, July 31st. Finally, Weiss Ratings upgraded shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, TriNet Group has an average rating of “Hold” and an average target price of $56.80.

Insiders Place Their Bets

In other news, Director Wayne B. Lowell sold 5,773 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total transaction of $396,662.83. Following the sale, the director owned 86,449 shares in the company, valued at approximately $5,939,910.79. This trade represents a 6.26% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Anthony Shea Treadway sold 933 shares of TriNet Group stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the sale, the senior vice president directly owned 67,678 shares of the company’s stock, valued at $2,941,285.88. This represents a 1.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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 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.