TriNet Group (NYSE:TNET) Director Paul Edward Chamberlain Sells 600 Shares

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 600 shares of the company’s stock in a transaction that occurred on Thursday, November 6th. The stock was sold at an average price of $57.81, for a total transaction of $34,686.00. Following the sale, the director directly owned 37,840 shares in the company, valued at approximately $2,187,530.40. The trade was a 1.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

TriNet Group Stock Down 2.3%

TriNet Group stock traded down $1.26 during mid-day trading on Monday, reaching $54.52. 427,450 shares of the company’s stock were exchanged, compared to its average volume of 439,978. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. TriNet Group, Inc. has a twelve month low of $54.33 and a twelve month high of $98.51. The company has a market cap of $2.62 billion, a P/E ratio of 20.12 and a beta of 0.84. The company has a fifty day moving average of $64.53 and a 200-day moving average of $70.73.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.39. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $261.92 million. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.The company’s revenue was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.17 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Sell-side analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Wednesday, October 1st were paid a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 2.0%. The ex-dividend date was Wednesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is presently 40.59%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. UBS Group cut their target price on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $67.33.

Hedge Funds Weigh In On TriNet Group

Several large investors have recently bought and sold shares of the stock. Xponance Inc. increased its position in shares of TriNet Group by 6.4% during the first quarter. Xponance Inc. now owns 2,613 shares of the business services provider’s stock worth $207,000 after purchasing an additional 157 shares in the last quarter. Verdence Capital Advisors LLC grew its stake in TriNet Group by 3.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 6,481 shares of the business services provider’s stock worth $474,000 after buying an additional 188 shares during the last quarter. Farther Finance Advisors LLC increased its position in TriNet Group by 4.8% during the third quarter. Farther Finance Advisors LLC now owns 4,672 shares of the business services provider’s stock worth $313,000 after buying an additional 216 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its stake in TriNet Group by 106.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. Finally, Quantinno Capital Management LP boosted its holdings in shares of TriNet Group by 5.9% in the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 317 shares during the period. Institutional investors and hedge funds own 96.81% of the company’s stock.

About TriNet Group

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.