Nordea Investment Management AB Sells 20,711 Shares of TriNet Group, Inc. $TNET

Nordea Investment Management AB trimmed its stake in TriNet Group, Inc. (NYSE:TNET) by 12.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 147,567 shares of the business services provider’s stock after selling 20,711 shares during the quarter. Nordea Investment Management AB owned 0.31% of TriNet Group worth $8,706,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Mirae Asset Global Investments Co. Ltd. boosted its stake in TriNet Group by 106.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock worth $30,000 after purchasing an additional 229 shares in the last quarter. Quarry LP raised its holdings in TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after buying an additional 383 shares during the last quarter. Steigerwald Gordon & Koch Inc. bought a new position in TriNet Group in the 3rd quarter valued at approximately $46,000. Covestor Ltd lifted its holdings in shares of TriNet Group by 402.7% during the third quarter. Covestor Ltd now owns 1,282 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Hikari Tsushin Inc. bought a new position in shares of TriNet Group during the third quarter valued at $127,000. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Down 2.8%

TNET stock opened at $36.89 on Thursday. The company has a market cap of $1.75 billion, a price-to-earnings ratio of 11.68 and a beta of 0.86. The company has a debt-to-equity ratio of 16.57, a quick ratio of 1.09 and a current ratio of 1.09. The business’s 50-day moving average is $46.31 and its two-hundred day moving average is $55.96. 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 released its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.37 by $0.09. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. The firm had revenue of $1.25 billion during the quarter, compared to analyst estimates of $251.57 million. During the same quarter in the prior year, the firm earned $0.44 EPS. The business’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. As a group, analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Wednesday, April 1st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, April 1st. This is a positive change from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 3.1%. TriNet Group’s dividend payout ratio is 36.71%.

TriNet Group announced that its Board of Directors has initiated a stock buyback program on Thursday, February 12th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 18.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Truist Financial initiated coverage on TriNet Group in a report on Friday, December 5th. They issued a “hold” rating and a $62.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. Zacks Research lowered shares of TriNet Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. TD Cowen lowered their price objective on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Finally, Stifel Nicolaus dropped their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 13th. One equities research analyst has rated the stock with a Buy rating, three have issued a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TriNet Group currently has a consensus rating of “Reduce” and a consensus price target of $65.80.

Insider Transactions at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $61.86, for a total value of $47,941.50. Following the sale, the senior vice president owned 19,853 shares in the company, valued at $1,228,106.58. The trade was a 3.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 38.10% of the company’s stock.

TriNet Group Company 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.