American Century Companies Inc. Purchases 167,599 Shares of TriNet Group, Inc. $TNET

American Century Companies Inc. boosted its position in TriNet Group, Inc. (NYSE:TNET) by 14.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,327,636 shares of the business services provider’s stock after acquiring an additional 167,599 shares during the quarter. American Century Companies Inc. owned 2.76% of TriNet Group worth $88,806,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of TriNet Group by 19.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after purchasing an additional 387,940 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of TriNet Group by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 715,840 shares of the business services provider’s stock worth $47,883,000 after buying an additional 67,210 shares during the last quarter. Cubist Systematic Strategies LLC boosted its stake in TriNet Group by 23.0% in the second quarter. Cubist Systematic Strategies LLC now owns 252,065 shares of the business services provider’s stock valued at $18,436,000 after buying an additional 47,087 shares in the last quarter. Royal London Asset Management Ltd. grew its position in TriNet Group by 3.8% in the second quarter. Royal London Asset Management Ltd. now owns 244,231 shares of the business services provider’s stock valued at $17,796,000 after acquiring an additional 9,048 shares during the last quarter. Finally, JPMorgan Chase & Co. grew its position in TriNet Group by 109.2% in the third quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock valued at $14,722,000 after acquiring an additional 114,892 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $61.86, for a total transaction of $47,941.50. Following the completion of the sale, the senior vice president directly owned 19,853 shares in the company, valued at approximately $1,228,106.58. This trade represents a 3.76% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 37.10% of the company’s stock.

Analyst Upgrades and Downgrades

TNET has been the subject of a number of research reports. Stifel Nicolaus reduced their price target on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. Truist Financial began coverage on shares of TriNet Group in a research note on Friday, December 5th. They set a “hold” rating and a $62.00 target price on the stock. TD Cowen lowered their price target on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Finally, Zacks Research downgraded TriNet Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and three have assigned a Sell rating to the company. According to data from MarketBeat.com, TriNet Group has a consensus rating of “Reduce” and an average target price of $65.80.

TriNet Group Stock Performance

Shares of TNET stock opened at $38.00 on Wednesday. The stock has a market capitalization of $1.80 billion, a PE ratio of 12.03 and a beta of 0.86. The business’s 50 day simple moving average is $53.60 and its 200 day simple moving average is $59.49. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09. TriNet Group, Inc. has a one year low of $33.60 and a one year high of $88.56.

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

TriNet Group announced that its board has approved a stock repurchase program on Thursday, February 12th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the business services provider to reacquire up to 18.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

TriNet Group Announces Dividend

The company also recently announced 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 was Friday, January 2nd. This represents a $1.10 annualized dividend and a yield of 2.9%. TriNet Group’s payout ratio is presently 34.81%.

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.