Y Intercept Hong Kong Ltd Invests $1.10 Million in TriNet Group, Inc. $TNET

Y Intercept Hong Kong Ltd acquired a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the second quarter, according to the company in its most recent filing with the SEC. The firm acquired 15,011 shares of the business services provider’s stock, valued at approximately $1,098,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. CWM LLC increased its position in TriNet Group by 140.5% during the 2nd quarter. CWM LLC now owns 582 shares of the business services provider’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Hilltop National Bank purchased a new stake in TriNet Group during the 2nd quarter worth about $43,000. PNC Financial Services Group Inc. increased its position in TriNet Group by 58.4% during 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 increased 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 purchasing an additional 2,135 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in TriNet Group during the 1st quarter worth about $206,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insider Activity

In related news, CTO Jeffery Jon Hayward sold 1,437 shares of the business’s stock in a transaction that occurred 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 transaction, the chief technology officer directly owned 30,424 shares of the company’s stock, valued at approximately $2,093,171.20. The trade was a 4.51% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, 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 value of $38,508.00. Following the transaction, the director directly owned 38,440 shares in the company, valued at $2,467,079.20. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 9,170 shares of company stock worth $611,708 in the last ninety days. 38.10% of the stock is currently owned by company insiders.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $60.00 on Tuesday. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. TriNet Group, Inc. has a 1 year low of $57.77 and a 1 year high of $98.51. The stock has a market capitalization of $2.88 billion, a P/E ratio of 22.14 and a beta of 0.79. The stock has a 50-day simple moving average of $66.03 and a 200-day simple moving average of $71.42.

TriNet Group (NYSE:TNET) last issued its earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.39. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $261.92 million. During the same quarter in the previous year, the business earned $1.17 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Equities analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Wednesday, October 1st were given a dividend of $0.275 per share. The ex-dividend date of this dividend was Wednesday, October 1st. This represents a $1.10 annualized dividend and a yield of 1.8%. TriNet Group’s payout ratio is 40.59%.

Analyst Upgrades and Downgrades

TNET has been the subject of a number of recent research reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Finally, UBS Group dropped their price objective on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Three investment analysts have rated the stock with a Hold rating and two have assigned 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 $67.33.

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.