72,783 Shares in TriNet Group, Inc. $TNET Bought by GSA Capital Partners LLP

GSA Capital Partners LLP bought a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 72,783 shares of the business services provider’s stock, valued at approximately $3,602,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners acquired a new stake in shares of TriNet Group in the 3rd quarter valued at about $97,712,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of TriNet Group by 5,911,158.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after buying an additional 709,339 shares in the last quarter. Norges Bank bought a new position in shares of TriNet Group during the fourth quarter worth about $28,266,000. Millennium Management LLC raised its position in TriNet Group by 1,047.5% in the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock valued at $27,675,000 after buying an additional 427,242 shares during the last quarter. Finally, Man Group plc raised its position in TriNet Group by 286.6% in the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock valued at $31,365,000 after buying an additional 347,622 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Wall Street Analyst Weigh In

TNET has been the topic of several research reports. TD Cowen boosted their target price on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Weiss Ratings cut shares of TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday. Truist Financial lifted their price objective on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Finally, UBS Group reduced their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Reduce” and an average price target of $56.80.

Insider Activity at TriNet Group

In related news, Director Wayne B. Lowell sold 5,773 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total transaction of $396,662.83. Following the transaction, the director directly owned 86,449 shares in the company, valued at approximately $5,939,910.79. The trade was a 6.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Anthony Shea Treadway sold 933 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the sale, the senior vice president directly owned 67,678 shares in the company, valued at $2,941,285.88. This trade represents a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.00% of the company’s stock.

TriNet Group Price Performance

NYSE:TNET opened at $68.67 on Friday. TriNet Group, Inc. has a 52-week low of $33.60 and a 52-week high of $73.07. The company has a market cap of $3.15 billion, a P/E ratio of 18.36 and a beta of 0.95. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13. The stock’s 50-day simple moving average is $57.16 and its 200 day simple moving average is $47.41.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $0.93 by $0.62. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same period in the prior year, the firm posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, sell-side analysts forecast that TriNet Group, Inc. will post 3.87 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. TriNet Group’s dividend payout ratio is currently 31.02%.

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.