Heron Bay Capital Management Takes Position in TriNet Group, Inc. $TNET

Heron Bay Capital Management bought a new position in shares of TriNet Group, Inc. (NYSE:TNET) during the second quarter, HoldingsChannel reports. The institutional investor bought 258,834 shares of the business services provider’s stock, valued at approximately $12,810,000. TriNet Group accounts for approximately 1.2% of Heron Bay Capital Management’s investment portfolio, making the stock its 28th biggest holding.

Several other institutional investors and hedge funds have also made changes to their positions in TNET. Allworth Financial LP acquired a new position in TriNet Group in the 2nd quarter worth $115,000. Vise Technologies Inc. acquired a new stake in shares of TriNet Group during the second quarter valued at about $567,000. BlackRock Inc. acquired a new stake in shares of TriNet Group during the second quarter valued at about $128,161,000. Deutsche Bank AG purchased a new stake in shares of TriNet Group during the second quarter worth about $1,573,000. Finally, Plato Investment Management Ltd purchased a new stake in shares of TriNet Group during the second quarter worth about $122,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. UBS Group cut their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. TD Cowen raised their price objective on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. lifted their price objective on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. Weiss Ratings lowered TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. Finally, Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average price target of $56.80.

Insider Buying and Selling

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

TriNet Group Price Performance

TNET opened at $70.45 on Friday. The company has a market capitalization of $3.23 billion, a P/E ratio of 18.84 and a beta of 0.95. The company has a 50-day moving average of $59.32 and a 200-day moving average of $47.72. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $73.07.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results 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 business had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same quarter last year, the company posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Equities analysts expect that TriNet Group, Inc. will post 3.87 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 1.6%. The ex-dividend date of this dividend was Wednesday, July 1st. TriNet Group’s dividend payout ratio (DPR) is currently 31.02%.

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.