Ieq Capital LLC Makes New $3.26 Million Investment in TriNet Group, Inc. $TNET

Ieq Capital LLC acquired a new stake in shares of TriNet Group, Inc. (NYSE:TNET) in the second quarter, HoldingsChannel.com reports. The fund acquired 65,946 shares of the business services provider’s stock, valued at approximately $3,264,000.

Several other institutional investors and hedge funds have also recently modified their holdings of TNET. Caitong International Asset Management Co. Ltd boosted its position in shares of TriNet Group by 160.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after acquiring an additional 295 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in TriNet Group in the 4th quarter valued at $28,000. Quarry LP increased its holdings in TriNet Group by 524.7% in the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 383 shares during the last quarter. Essential Partners LLC lifted its stake in TriNet Group by 427.4% in the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after purchasing an additional 765 shares in the last quarter. Finally, Cache Advisors LLC bought a new position in shares of TriNet Group during the 1st quarter valued at about $36,000. Institutional investors own 96.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the company. TD Cowen lifted their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Weiss Ratings downgraded TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. UBS Group reduced their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Truist Financial upped their price objective on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. One 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, TriNet Group presently has a consensus rating of “Reduce” and an average price target of $56.80.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 1,068 shares of the business’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total transaction of $74,546.40. Following the transaction, the senior vice president owned 65,506 shares in the company, valued at $4,572,318.80. The trade was a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of the 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 completion of the sale, the director directly owned 86,449 shares in the company, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 7,616 shares of company stock worth $524,320 over the last quarter. Insiders own 40.00% of the company’s stock.

TriNet Group Trading Down 1.3%

Shares of NYSE TNET opened at $69.60 on Tuesday. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $73.07. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13. The business’s 50 day moving average is $59.78 and its two-hundred day moving average is $47.70. The stock has a market capitalization of $3.19 billion, a P/E ratio of 18.61 and a beta of 0.95.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.62. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates 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 last year, the company earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, research analysts expect that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Dividend Announcement

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