Bayforest Capital Ltd Sells 16,194 Shares of TriNet Group, Inc. $TNET

Bayforest Capital Ltd decreased its position in TriNet Group, Inc. (NYSE:TNET) by 96.2% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 641 shares of the business services provider’s stock after selling 16,194 shares during the quarter. Bayforest Capital Ltd’s holdings in TriNet Group were worth $38,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of TriNet Group by 45.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after purchasing an additional 201 shares during the last quarter. CWM LLC lifted its position in TriNet Group by 22.6% during the 4th quarter. CWM LLC now owns 2,756 shares of the business services provider’s stock worth $163,000 after buying an additional 508 shares in the last quarter. Wedge Capital Management L L P NC lifted its position in TriNet Group by 39.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 45,539 shares of the business services provider’s stock worth $2,693,000 after buying an additional 12,907 shares in the last quarter. SG Americas Securities LLC lifted its position in TriNet Group by 111.1% during the 4th quarter. SG Americas Securities LLC now owns 25,095 shares of the business services provider’s stock worth $1,484,000 after buying an additional 13,207 shares in the last quarter. Finally, JPMorgan Chase & Co. lifted its position in TriNet Group by 109.2% during the 3rd quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock worth $14,722,000 after buying an additional 114,892 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total value of $28,690.50. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

TNET has been the topic of several 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 report on Friday, February 13th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. Zacks Research upgraded shares of TriNet Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Finally, TD Cowen cut their price target on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Reduce” and an average price target of $65.80.

TriNet Group Price Performance

NYSE TNET opened at $40.09 on Friday. The business has a 50 day simple moving average of $37.83 and a 200 day simple moving average of $51.49. TriNet Group, Inc. has a 52-week low of $33.60 and a 52-week high of $88.56. The company has a debt-to-equity ratio of 16.57, a quick ratio of 1.09 and a current ratio of 1.09. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of 12.69 and a beta of 0.87.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share for the quarter, topping the consensus estimate of $0.37 by $0.09. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $251.57 million. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. The business’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period last year, the business earned $0.44 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Analysts anticipate that TriNet Group, Inc. will post 3.17 earnings per share for the current fiscal year.

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

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st will be paid 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 2.9%. This is an increase from TriNet Group’s previous quarterly dividend of $0.28. TriNet Group’s dividend payout ratio (DPR) is 36.71%.

TriNet Group 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.