Farther Finance Advisors LLC Buys 291 Shares of TriNet Group, Inc. $TNET

Farther Finance Advisors LLC boosted its stake in TriNet Group, Inc. (NYSE:TNET) by 7.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,456 shares of the business services provider’s stock after purchasing an additional 291 shares during the quarter. Farther Finance Advisors LLC’s holdings in TriNet Group were worth $326,000 as of its most recent SEC filing.

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

Insider Buying and Selling at TriNet Group

In related news, CTO Jeffery Jon Hayward sold 1,437 shares of the company’s stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.80, for a total transaction of $98,865.60. Following the completion of the sale, the chief technology officer directly owned 30,424 shares in the company, valued at $2,093,171.20. This represents a 4.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Ralph A. Clark sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $66.42, for a total value of $199,260.00. Following the sale, the director directly owned 9,390 shares in the company, valued at approximately $623,683.80. The trade was a 24.21% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 8,395 shares of company stock worth $560,612. 38.10% of the stock is currently owned by company insiders.

TriNet Group Price Performance

TriNet Group stock opened at $67.99 on Tuesday. The stock has a market cap of $3.30 billion, a price-to-earnings ratio of 23.36 and a beta of 0.84. The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.10. TriNet Group, Inc. has a 1 year low of $62.55 and a 1 year high of $99.78. The firm has a 50-day moving average of $67.72 and a two-hundred day moving average of $74.10.

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

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.275 per share. The ex-dividend date is Wednesday, October 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.6%. TriNet Group’s dividend payout ratio is currently 37.80%.

Wall Street Analysts Forecast Growth

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

TriNet Group Profile

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.