TriNet Group, Inc. $TNET Shares Sold by IFG Advisory LLC

IFG Advisory LLC lowered its holdings in TriNet Group, Inc. (NYSE:TNET) by 29.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,846 shares of the business services provider’s stock after selling 11,784 shares during the quarter. IFG Advisory LLC owned 0.06% of TriNet Group worth $1,647,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in TNET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TriNet Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock valued at $1,506,000 after buying an additional 819 shares during the period. Millennium Management LLC grew its position in TriNet Group by 3,995.7% during the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock valued at $11,008,000 after buying an additional 135,534 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in TriNet Group by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider’s stock valued at $6,068,000 after buying an additional 470 shares during the period. Jane Street Group LLC acquired a new stake in TriNet Group during the first quarter valued at $3,204,000. Finally, Intech Investment Management LLC grew its position in TriNet Group by 10.3% during the first quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider’s stock valued at $1,336,000 after buying an additional 1,577 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Performance

TNET opened at $45.72 on Friday. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80. The company has a market cap of $2.10 billion, a price-to-earnings ratio of 13.65 and a beta of 1.02. TriNet Group, Inc. has a 52-week low of $33.60 and a 52-week high of $84.08. The firm’s fifty day simple moving average is $39.96 and its two-hundred day simple moving average is $48.42.

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

TriNet Group Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was 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 2.5%. TriNet Group’s payout ratio is 34.63%.

TriNet Group declared that its board has authorized a stock buyback program on Thursday, February 12th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 18.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

TNET has been the topic of several analyst reports. UBS Group dropped their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. JPMorgan Chase & Co. raised their price target on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. TD Cowen raised their price target on shares of TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus dropped 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. One investment analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, TriNet Group presently has a consensus rating of “Hold” and an average target price of $55.20.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total transaction of $40,548.18. Following the transaction, the senior vice president directly owned 67,678 shares of the company’s stock, valued at $2,941,285.88. This trade represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. Evanko acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $37.70 per share, for a total transaction of $188,500.00. Following the completion of the acquisition, the director owned 9,565 shares of the company’s stock, valued at approximately $360,600.50. This represents a 109.53% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Insiders own 40.00% 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.