TriNet Group (NYSE:TNET) Director Paul Edward Chamberlain Sells 2,400 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 2,400 shares of the business’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $69.70, for a total value of $167,280.00. Following the transaction, the director owned 40,175 shares in the company, valued at approximately $2,800,197.50. This represents a 5.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TriNet Group Trading Down 0.1%

TNET opened at $70.23 on Tuesday. The business has a 50 day simple moving average of $62.27 and a two-hundred day simple moving average of $48.25. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 18.78 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, Inc. has a one year low of $33.60 and a one year 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 earnings per share for the quarter, topping analysts’ consensus estimates of $0.93 by $0.62. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period last year, the company earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Analysts predict that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

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

Institutional Trading of TriNet Group

A number of institutional investors and hedge funds have recently bought and sold shares of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TriNet Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock worth $1,506,000 after acquiring an additional 819 shares during the last quarter. Millennium Management LLC grew its holdings in TriNet Group by 3,995.7% during the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock valued at $11,008,000 after purchasing an additional 135,534 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of TriNet Group by 0.6% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider’s stock worth $6,068,000 after purchasing an additional 470 shares during the period. Jane Street Group LLC bought a new position in shares of TriNet Group in the first quarter worth about $3,204,000. Finally, Intech Investment Management LLC boosted its position in shares of TriNet Group by 10.3% during the first quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider’s stock worth $1,336,000 after acquiring an additional 1,577 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have commented on TNET shares. JPMorgan Chase & Co. upped their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Weiss Ratings raised shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Truist Financial raised their price objective on shares of TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Finally, UBS Group reduced their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus target price 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.