Anthony Shea Treadway Sells 933 Shares of TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 933 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total transaction of $40,548.18. Following the transaction, the senior vice president owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Stock Up 2.1%

TriNet Group stock opened at $42.71 on Friday. The stock has a market capitalization of $1.96 billion, a PE ratio of 12.75 and a beta of 1.02. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $84.08. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80. The company has a 50 day moving average of $39.25 and a 200-day moving average of $48.89.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.64. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The business’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.99 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities research analysts anticipate that TriNet Group, Inc. will post 3.55 EPS for the current fiscal year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, April 1st. TriNet Group’s dividend payout ratio is currently 34.63%.

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

Institutional Trading of TriNet Group

A number of institutional investors have recently made changes to their positions in the business. Barclays PLC raised its position in TriNet Group by 155.8% during the third quarter. Barclays PLC now owns 461,946 shares of the business services provider’s stock worth $30,900,000 after acquiring an additional 281,332 shares in the last quarter. JPMorgan Chase & Co. raised its position in TriNet Group by 109.2% during the third quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock worth $14,722,000 after acquiring an additional 114,892 shares in the last quarter. ArrowMark Colorado Holdings LLC raised its position in TriNet Group by 14.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 849,863 shares of the business services provider’s stock worth $56,847,000 after acquiring an additional 109,170 shares in the last quarter. Heron Bay Capital Management raised its position in TriNet Group by 55.8% during the third quarter. Heron Bay Capital Management now owns 122,480 shares of the business services provider’s stock worth $8,193,000 after acquiring an additional 43,860 shares in the last quarter. Finally, Cinctive Capital Management LP raised its position in TriNet Group by 408.4% during the third quarter. Cinctive Capital Management LP now owns 116,214 shares of the business services provider’s stock worth $7,774,000 after acquiring an additional 93,353 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on TNET shares. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. 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 report on Tuesday, May 5th. JPMorgan Chase & Co. upped their price target on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Stifel Nicolaus reduced their price target on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a report on Friday, February 13th. Finally, Weiss Ratings upgraded shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TriNet Group has a consensus rating of “Hold” and an average target price of $55.20.

About TriNet Group

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.