Insider Selling: TriNet Group (NYSE:TNET) SVP Sells $20,361.47 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 487 shares of the stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $41.81, for a total transaction of $20,361.47. Following the completion of the sale, the senior vice president owned 27,006 shares of the company’s stock, valued at approximately $1,129,120.86. The trade was a 1.77% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

TriNet Group Trading Down 9.9%

Shares of TriNet Group stock opened at $38.47 on Monday. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09. The stock’s 50 day simple moving average is $56.83 and its 200-day simple moving average is $60.88. The stock has a market cap of $1.82 billion, a P/E ratio of 12.17 and a beta of 0.81. TriNet Group, Inc. has a 1-year low of $38.44 and a 1-year high of $88.56.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, February 12th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The firm’s revenue was down 2.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group announced that its board has initiated a stock buyback program on Thursday, February 12th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 2nd were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.9%. TriNet Group’s dividend payout ratio is currently 34.81%.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the company. Massachusetts Financial Services Co. MA lifted its position in shares of TriNet Group by 19.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after purchasing an additional 387,940 shares during the last quarter. Hsbc Holdings PLC raised its stake in TriNet Group by 758.6% in the second quarter. Hsbc Holdings PLC now owns 35,247 shares of the business services provider’s stock valued at $2,563,000 after buying an additional 31,142 shares in the last quarter. Heron Bay Capital Management lifted its holdings in TriNet Group by 28.2% during the 2nd quarter. Heron Bay Capital Management now owns 78,620 shares of the business services provider’s stock worth $5,750,000 after buying an additional 17,287 shares during the last quarter. Entropy Technologies LP acquired a new position in shares of TriNet Group during the 2nd quarter worth about $492,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of TriNet Group during the 2nd quarter worth about $1,098,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. Truist Financial initiated coverage on shares of TriNet Group in a research note on Friday, December 5th. They issued a “hold” rating and a $62.00 price target for the company. JPMorgan Chase & Co. lowered 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. TD Cowen cut their target price on TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. UBS Group decreased their price target on TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $65.80.

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.