Vanguard Group Inc. Sells 34,192 Shares of TriNet Group, Inc. $TNET

Vanguard Group Inc. trimmed its position in TriNet Group, Inc. (NYSE:TNET) by 1.2% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 2,848,996 shares of the business services provider’s stock after selling 34,192 shares during the period. Vanguard Group Inc. owned approximately 0.06% of TriNet Group worth $168,461,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in TriNet Group by 3.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock valued at $350,000 after buying an additional 185 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in TriNet Group by 6.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,690 shares of the business services provider’s stock valued at $632,000 after buying an additional 658 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 valued at $38,000 after buying an additional 201 shares in the last quarter. CWM LLC grew its holdings in TriNet Group by 22.6% in the 4th quarter. CWM LLC now owns 2,756 shares of the business services provider’s stock valued at $163,000 after buying an additional 508 shares in the last quarter. Finally, Wedge Capital Management L L P NC grew its holdings in TriNet Group by 39.6% in the 4th quarter. Wedge Capital Management L L P NC now owns 45,539 shares of the business services provider’s stock valued at $2,693,000 after buying an additional 12,907 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

TriNet Group Stock Performance

TNET opened at $42.75 on Monday. The firm has a market cap of $1.96 billion, a P/E ratio of 12.76 and a beta of 1.02. TriNet Group, Inc. has a 52-week low of $33.60 and a 52-week high of $86.78. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12. The business’s fifty day moving average is $38.31 and its 200-day moving average is $50.34.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.64. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.TriNet Group’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Sell-side analysts expect that TriNet Group, Inc. will post 3.55 EPS for the current fiscal year.

TriNet Group announced that its Board of Directors has authorized 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 purchase up to 18.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its shares are undervalued.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.29 per share. This is an increase from TriNet Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, April 1st. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. TriNet Group’s payout ratio is currently 34.63%.

Insider Activity

In other news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total transaction 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 represents a 1.37% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 40.00% of the company’s stock.

Analyst Ratings Changes

TNET has been the topic of a number of research reports. TD Cowen upped their price objective on TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a report on Friday, May 1st. JPMorgan Chase & Co. upped their price objective on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Stifel Nicolaus decreased their price objective on TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Zacks Research raised TriNet Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and an average price target of $55.20.

About TriNet Group

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.