TriNet Group, Inc. $TNET Shares Bought by ArrowMark Colorado Holdings LLC

ArrowMark Colorado Holdings LLC raised its holdings in TriNet Group, Inc. (NYSE:TNET) by 14.7% in the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 849,863 shares of the business services provider’s stock after buying an additional 109,170 shares during the quarter. ArrowMark Colorado Holdings LLC owned about 1.77% of TriNet Group worth $56,847,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in TNET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in TriNet Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock worth $1,506,000 after acquiring an additional 819 shares in the last quarter. Millennium Management LLC increased its holdings in shares of TriNet Group by 3,995.7% during the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock valued at $11,008,000 after acquiring an additional 135,534 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of TriNet Group by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider’s stock valued at $6,068,000 after purchasing an additional 470 shares during the last quarter. Jane Street Group LLC acquired a new stake in TriNet Group in the 1st quarter worth approximately $3,204,000. Finally, Intech Investment Management LLC boosted its stake in TriNet Group by 10.3% in the 1st quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider’s stock worth $1,336,000 after purchasing an additional 1,577 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analyst Upgrades and Downgrades

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

TriNet Group Price Performance

Shares of NYSE TNET opened at $36.37 on Friday. TriNet Group, Inc. has a 52 week low of $33.60 and a 52 week high of $88.56. The business’s 50 day moving average price is $50.15 and its 200 day moving average price is $57.85. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 16.57. The firm has a market cap of $1.72 billion, a P/E ratio of 11.51 and a beta of 0.86.

TriNet Group (NYSE:TNET) last posted 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 company had revenue of $1.25 billion during the quarter, compared to analyst estimates of $251.57 million. During the same period last year, the firm posted $0.44 EPS. TriNet Group’s revenue for the quarter was down 2.3% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, sell-side analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

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

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 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 owned 19,853 shares of the company’s stock, valued at $1,228,106.58. This trade represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 38.10% of the stock is owned by insiders.

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.