Wellington Management Group LLP Sells 136,466 Shares of TriNet Group, Inc. $TNET

Wellington Management Group LLP cut its holdings in TriNet Group, Inc. (NYSE:TNET) by 11.3% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,067,963 shares of the business services provider’s stock after selling 136,466 shares during the quarter. Wellington Management Group LLP owned 2.33% of TriNet Group worth $52,853,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the stock. BlackRock Inc. acquired a new position in shares of TriNet Group during the second quarter worth approximately $128,161,000. Boston Partners bought a new stake in shares of TriNet Group during the 3rd quarter worth $97,712,000. Northwestern Mutual Wealth Management Co. raised its position in TriNet Group by 5,911,158.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after acquiring an additional 709,339 shares during the period. Norges Bank purchased a new position in TriNet Group in the fourth quarter valued at about $28,266,000. Finally, Millennium Management LLC boosted its stake in TriNet Group by 1,047.5% in the fourth quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock valued at $27,675,000 after acquiring an additional 427,242 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insider Transactions at TriNet Group

In other news, SVP Anthony Shea Treadway sold 1,068 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total transaction of $74,546.40. Following the transaction, the senior vice president directly owned 65,506 shares of the company’s stock, valued at approximately $4,572,318.80. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of the firm’s stock in a transaction that occurred 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 transaction, the director owned 86,449 shares in the company, valued at approximately $5,939,910.79. The trade was a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,016 shares of company stock worth $691,600 in the last three months. Corporate insiders own 40.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on TNET shares. JPMorgan Chase & Co. raised their price target on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. TD Cowen increased their price objective on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a report on Friday, June 26th. Weiss Ratings raised TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, Truist Financial upped their price target on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TriNet Group presently has a consensus rating of “Hold” and a consensus target price of $56.80.

TriNet Group Stock Up 3.5%

TNET opened at $69.69 on Friday. The company has a fifty day moving average price of $63.54 and a 200-day moving average price of $48.80. TriNet Group, Inc. has a one year low of $33.60 and a one year high of $73.07. The firm has a market capitalization of $3.20 billion, a P/E ratio of 18.63 and a beta of 0.94. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, topping 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 company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period 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. Equities research analysts expect that TriNet Group, Inc. will post 3.87 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

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

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.