TriNet Group, Inc. $TNET Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its position in shares of TriNet Group, Inc. (NYSE:TNET) by 1.8% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 48,325 shares of the business services provider’s stock after acquiring an additional 873 shares during the period. Rhumbline Advisers owned approximately 0.10% of TriNet Group worth $3,829,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. PNC Financial Services Group Inc. boosted its holdings in shares of TriNet Group by 58.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider’s stock worth $182,000 after buying an additional 845 shares during the period. AlphaQuest LLC boosted its position in TriNet Group by 633.5% during the 1st quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider’s stock worth $196,000 after acquiring an additional 2,135 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in TriNet Group during the 1st quarter worth about $206,000. Xponance Inc. boosted its position in TriNet Group by 6.4% during the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider’s stock worth $207,000 after acquiring an additional 157 shares during the period. Finally, AE Wealth Management LLC acquired a new stake in TriNet Group during the 1st quarter worth about $208,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. decreased their price objective on TriNet Group from $76.00 to $75.00 and set an “underweight” rating for the company in a research report on Monday, July 28th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $96.33.

TriNet Group Stock Down 3.4%

TNET opened at $69.11 on Monday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. The business has a 50 day moving average price of $67.74 and a 200 day moving average price of $74.56. The firm has a market cap of $3.36 billion, a P/E ratio of 23.75 and a beta of 0.84. TriNet Group, Inc. has a twelve month low of $62.55 and a twelve month high of $99.78.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.03 by $0.12. The company had revenue of $282.90 million for the quarter, compared to the consensus estimate of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%.During the same period in the previous year, the business posted $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Research analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

Insider Buying and Selling at TriNet Group

In other news, Director Paul Edward Chamberlain sold 600 shares of the business’s stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $64.18, for a total transaction of $38,508.00. Following the sale, the director directly owned 38,440 shares in the company, valued at approximately $2,467,079.20. The trade was a 1.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the business’s stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.80, for a total value of $98,865.60. Following the sale, the chief technology officer owned 30,424 shares in the company, valued at approximately $2,093,171.20. This represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 8,395 shares of company stock valued at $560,612 in the last quarter. 38.10% of the stock is currently owned by corporate insiders.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.