American Century Companies Inc. Has $84.85 Million Position in TriNet Group, Inc. $TNET

American Century Companies Inc. raised its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 35.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,160,037 shares of the business services provider’s stock after purchasing an additional 301,832 shares during the period. American Century Companies Inc. owned 2.39% of TriNet Group worth $84,845,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Hilltop National Bank bought a new stake in shares of TriNet Group during the 2nd quarter worth $43,000. CWM LLC lifted 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 acquiring an additional 340 shares during the last quarter. PNC Financial Services Group Inc. boosted its holdings in TriNet Group by 58.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider’s stock valued at $182,000 after acquiring an additional 845 shares during the period. AlphaQuest LLC boosted its holdings in TriNet Group by 633.5% during the first quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider’s stock valued at $196,000 after acquiring an additional 2,135 shares during the period. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of TriNet Group in the first quarter valued at about $206,000. Institutional investors own 96.81% of the company’s stock.

TriNet Group Trading Up 2.3%

TriNet Group stock opened at $58.81 on Wednesday. The business has a 50 day moving average price of $61.51 and a two-hundred day moving average price of $68.89. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. TriNet Group, Inc. has a 12 month low of $54.22 and a 12 month high of $97.02. The stock has a market cap of $2.82 billion, a price-to-earnings ratio of 21.70 and a beta of 0.84.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $261.92 million. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.TriNet Group’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.17 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Wednesday, October 1st were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, October 1st. TriNet Group’s payout ratio is 40.59%.

Analysts Set New Price Targets

Several equities analysts recently weighed in on TNET shares. JPMorgan Chase & Co. cut 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. UBS Group cut their price target on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, TriNet Group has an average rating of “Hold” and an average price target of $67.33.

Insider Activity

In related news, Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $57.81, for a total value of $34,686.00. Following the sale, the director owned 37,840 shares of the company’s stock, valued at $2,187,530.40. The trade was a 1.56% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction dated Wednesday, October 1st. The stock was sold at an average price of $65.93, for a total transaction of $51,095.75. Following the completion of the transaction, the senior vice president directly owned 20,933 shares of the company’s stock, valued at $1,380,112.69. This trade represents a 3.57% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 1,961 shares of company stock worth $117,791. 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.