TriNet Group (NYSE:TNET) SVP Sells $28,690.50 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Sidney Majalya sold 775 shares of TriNet Group stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total value of $28,690.50. Following the sale, the senior vice president directly owned 55,750 shares of the company’s stock, valued at approximately $2,063,865. This trade represents a 1.37% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Price Performance

Shares of TriNet Group stock opened at $37.90 on Monday. The firm has a market capitalization of $1.79 billion, a PE ratio of 11.99 and a beta of 0.87. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57. TriNet Group, Inc. has a 12 month low of $33.60 and a 12 month high of $88.56. The business’s 50-day moving average price is $42.77 and its 200-day moving average price is $54.31.

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

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Wednesday, April 1st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.16 annualized dividend and a dividend yield of 3.1%. This is an increase from TriNet Group’s previous quarterly dividend of $0.28. TriNet Group’s payout ratio is 36.71%.

TriNet Group declared that its Board of Directors has approved a share repurchase program on Thursday, February 12th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the business services provider to reacquire up to 18.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its shares are undervalued.

Hedge Funds Weigh In On TriNet Group

Several hedge funds have recently made changes to their positions in TNET. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of TriNet Group by 106.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 229 shares in the last quarter. Quarry LP increased its position in TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 383 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in TriNet Group during the 4th quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its holdings in TriNet Group by 160.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in shares of TriNet Group in the 3rd quarter worth about $46,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. TD Cowen lowered 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. Zacks Research cut TriNet Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Finally, Stifel Nicolaus reduced their price target on TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price 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.