TriNet Group (NYSE:TNET) Director Sells $199,260.00 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Ralph Clark sold 3,000 shares of the firm’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.42, for a total value of $199,260.00. Following the sale, the director directly owned 9,390 shares in the company, valued at $623,683.80. The trade was a 24.21% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

TriNet Group Stock Performance

Shares of TriNet Group stock opened at $68.9640 on Monday. The company has a market capitalization of $3.35 billion, a PE ratio of 23.70 and a beta of 0.83. TriNet Group, Inc. has a 12 month low of $62.55 and a 12 month high of $104.06. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. The stock’s fifty day simple moving average is $68.98 and its 200 day simple moving average is $75.33.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 EPS for the quarter, topping the consensus estimate of $1.03 by $0.12. The business had revenue of $282.90 million for the quarter, compared to the consensus estimate of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%.During the same quarter last year, the business posted $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, research analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 1st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.6%. The ex-dividend date of this dividend was Tuesday, July 1st. TriNet Group’s dividend payout ratio (DPR) is presently 37.80%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. dropped their price objective on TriNet Group from $76.00 to $75.00 and set an “underweight” rating on the stock in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, TriNet Group presently has a consensus rating of “Reduce” and an average target price of $96.33.

Institutional Trading of TriNet Group

Several hedge funds and other institutional investors have recently modified their holdings of TNET. American Century Companies Inc. raised its stake in shares of TriNet Group by 183.3% in the 1st quarter. American Century Companies Inc. now owns 858,205 shares of the business services provider’s stock valued at $68,004,000 after purchasing an additional 555,258 shares during the period. Wellington Management Group LLP raised its stake in shares of TriNet Group by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider’s stock valued at $160,203,000 after purchasing an additional 394,847 shares during the period. ArrowMark Colorado Holdings LLC bought a new position in shares of TriNet Group in the 4th quarter valued at about $35,567,000. Vaughan Nelson Investment Management L.P. bought a new position in shares of TriNet Group in the 1st quarter valued at about $27,037,000. Finally, Nuveen LLC bought a new position in shares of TriNet Group in the 1st quarter valued at about $18,315,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.