TriNet Group (NYSE:TNET) CTO Jeffery Jon Hayward Sells 1,437 Shares

TriNet Group, Inc. (NYSE:TNET) CTO Jeffery Jon Hayward sold 1,437 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.51, for a total value of $82,641.87. Following the completion of the sale, the chief technology officer owned 27,922 shares in the company, valued at $1,605,794.22. This trade represents a 4.89% 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.

Jeffery Jon Hayward also recently made the following trade(s):

• On Thursday, November 20th, Jeffery Jon Hayward sold 127 shares of TriNet Group stock. The shares were sold at an average price of $55.00, for a total transaction of $6,985.00.

TriNet Group Price Performance

TNET stock traded down $0.33 during trading on Thursday, hitting $58.49. 247,866 shares of the stock traded hands, compared to its average volume of 434,485. 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 has a market cap of $2.81 billion, a price-to-earnings ratio of 21.58 and a beta of 0.84. TriNet Group, Inc. has a one year low of $54.22 and a one year high of $97.02. The company has a 50 day simple moving average of $61.32 and a 200 day simple moving average of $68.82.

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, beating 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 firm had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $261.92 million. During the same quarter in the previous year, the company posted $1.17 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Equities analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Wednesday, October 1st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, October 1st. TriNet Group’s dividend payout ratio is 40.59%.

Institutional Trading of TriNet Group

A number of large investors have recently bought and sold shares of the business. Victory Capital Management Inc. raised its holdings in shares of TriNet Group by 19.6% during the first quarter. Victory Capital Management Inc. now owns 7,133 shares of the business services provider’s stock worth $565,000 after acquiring an additional 1,170 shares during the period. Allianz Asset Management GmbH boosted its position in shares of TriNet Group by 45.6% during the first quarter. Allianz Asset Management GmbH now owns 32,411 shares of the business services provider’s stock worth $2,568,000 after buying an additional 10,152 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in TriNet Group in the 1st quarter valued at approximately $206,000. AE Wealth Management LLC acquired a new stake in TriNet Group in the 1st quarter valued at approximately $208,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in TriNet Group by 9.1% in the 1st quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,211 shares of the business services provider’s stock valued at $730,000 after acquiring an additional 769 shares in the last quarter. 96.81% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on TNET. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, October 8th. Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. JPMorgan Chase & Co. dropped their price objective on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Finally, UBS Group reduced their target price 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 issued a Hold rating and two have issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $67.33.

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.