TriNet Group (NYSE:TNET) SVP Sells $25,024.68 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 459 shares of the business’s stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $54.52, for a total value of $25,024.68. Following the completion of the sale, the senior vice president owned 28,224 shares in the company, valued at $1,538,772.48. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TriNet Group Price Performance

NYSE TNET traded down $0.23 during trading on Thursday, hitting $54.77. 377,241 shares of the stock traded hands, compared to its average volume of 436,371. 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 12-month low of $54.22 and a 12-month high of $97.02. The firm has a 50-day simple moving average of $62.15 and a 200-day simple moving average of $69.54. The company has a market capitalization of $2.63 billion, a P/E ratio of 20.21 and a beta of 0.84.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.39. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.The business had revenue of $1.22 billion for the quarter, compared to analysts’ expectations of $261.92 million. During the same period in the prior year, the firm earned $1.17 EPS. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, 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, October 27th. Shareholders of record on Wednesday, October 1st were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 2.0%. The ex-dividend date of this dividend was Wednesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is presently 40.59%.

Hedge Funds Weigh In On TriNet Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TNET. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of 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 acquiring an additional 229 shares in the last quarter. Quarry LP grew its holdings in TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after acquiring an additional 383 shares in the last quarter. Hilltop National Bank bought a new position in TriNet Group during the 2nd quarter worth about $43,000. CWM LLC increased its position in TriNet Group by 140.5% during the 2nd quarter. CWM LLC now owns 582 shares of the business services provider’s stock valued at $43,000 after purchasing an additional 340 shares during the period. Finally, Steigerwald Gordon & Koch Inc. bought a new stake in shares of TriNet Group in the 3rd quarter valued at about $46,000. Institutional investors own 96.81% of the company’s stock.

Wall Street Analysts Forecast Growth

TNET has been the topic of several recent research reports. JPMorgan Chase & Co. decreased their target price on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. Finally, UBS Group decreased their price target on TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat.com, TriNet Group currently has a consensus rating of “Hold” and a consensus price target of $67.33.

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.