Insider Selling: TriNet Group (NYSE:TNET) Director Sells $167,280.00 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 2,400 shares of the company’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $69.70, for a total value of $167,280.00. Following the completion of the sale, the director owned 40,175 shares in the company, valued at $2,800,197.50. This trade represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

TriNet Group Stock Up 0.9%

Shares of NYSE:TNET opened at $67.53 on Thursday. TriNet Group, Inc. has a 52 week low of $33.60 and a 52 week high of $73.07. 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 company’s fifty day moving average is $63.09 and its 200-day moving average is $48.59. The company has a market capitalization of $3.10 billion, a PE ratio of 18.06 and a beta of 0.94.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The business had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the company posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Equities research analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 1st. TriNet Group’s payout ratio is presently 31.02%.

Hedge Funds Weigh In On TriNet Group

Large investors have recently made changes to their positions in the company. BlackRock Inc. bought a new stake in TriNet Group during the 2nd quarter worth about $128,161,000. California State Teachers Retirement System boosted its stake in shares of TriNet Group by 3,535.7% in the 2nd quarter. California State Teachers Retirement System now owns 1,543,049 shares of the business services provider’s stock valued at $76,365,000 after purchasing an additional 1,500,607 shares during the last quarter. Boston Partners bought a new stake in shares of TriNet Group during the third quarter worth approximately $97,712,000. Earnest Partners LLC raised its stake in shares of TriNet Group by 3.4% during the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock worth $53,118,000 after buying an additional 29,613 shares during the last quarter. Finally, Dimensional Fund Advisors LP lifted its holdings in TriNet Group by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock valued at $52,845,000 after buying an additional 5,036 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on the company. Truist Financial boosted their price objective on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. raised their target price on TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, July 31st. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Weiss Ratings raised shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. Finally, TD Cowen raised their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, June 26th. One research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $56.80.

About TriNet Group

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.