Wayne Lowell Sells 5,773 Shares of TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Wayne Lowell sold 5,773 shares of TriNet Group stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total transaction of $396,662.83. Following the transaction, the director directly owned 86,449 shares of the company’s stock, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

TriNet Group Stock Performance

TriNet Group stock opened at $68.34 on Friday. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $3.14 billion, a P/E ratio of 18.27 and a beta of 0.95. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $73.07. The company’s 50-day moving average is $55.08 and its 200 day moving average is $47.23.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.62. The business 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 business earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Research analysts forecast that TriNet Group, Inc. will post 3.55 EPS for the current year.

TriNet Group Dividend Announcement

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

Hedge Funds Weigh In On TriNet Group

Large investors have recently made changes to their positions in the business. Quarry LP raised its stake in TriNet Group by 524.7% in 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 last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of TriNet Group in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of TriNet Group by 160.3% in 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 purchasing an additional 295 shares during the last quarter. 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 in the last quarter. Finally, Essential Partners LLC grew its position in TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after purchasing an additional 765 shares during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on TNET shares. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, July 28th. Truist Financial raised their price target on shares of TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. TD Cowen lifted their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. boosted their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a research report on Friday, July 31st. Finally, UBS Group dropped their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, TriNet Group presently has an average rating of “Hold” and a consensus price target of $56.80.

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.