Vanguard Group Inc. Decreases Stake in TriNet Group, Inc. $TNET

Vanguard Group Inc. cut its stake in shares of TriNet Group, Inc. (NYSE:TNET) by 1.3% during the third quarter, HoldingsChannel.com reports. The firm owned 2,883,188 shares of the business services provider’s stock after selling 38,704 shares during the period. Vanguard Group Inc. owned 0.06% of TriNet Group worth $192,856,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in TNET. Massachusetts Financial Services Co. MA grew its position in TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after buying an additional 387,940 shares during the period. American Century Companies Inc. grew its holdings 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 worth $84,845,000 after acquiring an additional 301,832 shares during the period. Millennium Management LLC increased its stake in TriNet Group by 3,995.7% in the 1st quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock valued at $11,008,000 after purchasing an additional 135,534 shares in the last quarter. Jane Street Group LLC raised its holdings in TriNet Group by 306.4% during the second 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. boosted its position in TriNet Group by 109.2% during the third quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock worth $14,722,000 after purchasing an additional 114,892 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insiders Place Their Bets

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president directly owned 19,853 shares in the company, valued at $1,228,106.58. The trade was a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.10% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on TNET shares. Truist Financial began coverage on TriNet Group in a research report on Friday, December 5th. They issued a “hold” rating and a $62.00 price target for the company. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. Zacks Research downgraded shares of TriNet Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Stifel Nicolaus lowered their price target on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, TD Cowen dropped 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. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have assigned a Sell rating to the company. According to MarketBeat.com, TriNet Group has an average rating of “Reduce” and a consensus target price of $65.80.

TriNet Group Stock Performance

NYSE:TNET opened at $38.03 on Monday. 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 company has a market cap of $1.80 billion, a P/E ratio of 12.04 and a beta of 0.87. The firm’s 50 day moving average is $54.42 and its two-hundred day moving average is $59.89. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $88.56.

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, beating analysts’ consensus estimates of $0.37 by $0.09. The firm had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The firm’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group announced that its Board of Directors has initiated a stock repurchase 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 repurchase up to 18.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s management believes its shares are undervalued.

TriNet Group Announces Dividend

The firm 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 2.9%. TriNet Group’s dividend payout ratio (DPR) is presently 34.81%.

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.