TriNet Group, Inc. $TNET Shares Acquired by Barclays PLC

Barclays PLC grew its position in shares of TriNet Group, Inc. (NYSE:TNET) by 155.8% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 461,946 shares of the business services provider’s stock after acquiring an additional 281,332 shares during the quarter. Barclays PLC owned about 0.96% of TriNet Group worth $30,900,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased 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 valued at $157,392,000 after purchasing an additional 387,940 shares during the period. American Century Companies Inc. raised its stake in shares of TriNet Group by 35.2% in the 2nd quarter. American Century Companies Inc. now owns 1,160,037 shares of the business services provider’s stock valued at $84,845,000 after acquiring an additional 301,832 shares in the last quarter. Millennium Management LLC increased its stake in shares of TriNet Group by 3,995.7% in the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock worth $11,008,000 after purchasing an additional 135,534 shares during the period. Jane Street Group LLC grew its position in TriNet Group by 306.4% in the 2nd quarter. Jane Street Group LLC now owns 164,336 shares of the business services provider’s stock worth $12,020,000 after purchasing an additional 123,898 shares during the last quarter. Finally, JPMorgan Chase & Co. increased its position in shares of TriNet Group by 109.2% during the third quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock valued at $14,722,000 after purchasing an additional 114,892 shares during the period. 96.81% of the stock is owned by institutional investors.

Insider Buying and Selling at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $61.86, for a total transaction of $47,941.50. Following the completion of the transaction, the senior vice president directly owned 19,853 shares of the company’s stock, valued at $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 available at this hyperlink. Company insiders own 37.10% of the company’s stock.

TriNet Group Trading Down 2.1%

TNET opened at $36.42 on Wednesday. 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 company’s 50-day moving average is $51.48 and its 200 day moving average is $58.47. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $88.56. The firm has a market capitalization of $1.72 billion, a PE ratio of 11.53 and a beta of 0.87.

TriNet Group (NYSE:TNET) last released its earnings results 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 company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, research analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group announced that its Board of Directors has initiated a share repurchase plan on Thursday, February 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board believes its stock is undervalued.

TriNet Group Dividend Announcement

The business also recently declared 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 3.0%. TriNet Group’s payout ratio is 34.81%.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on TNET shares. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. Truist Financial started coverage on shares of TriNet Group in a research report on Friday, December 5th. They issued a “hold” rating and a $62.00 price objective on the stock. TD Cowen cut their target price on shares of 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 equities research 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’s stock. According to MarketBeat.com, the company has a consensus rating of “Reduce” and an average 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.