Mitsubishi UFJ Trust & Banking Corp Has $1.88 Million Stock Position in TriNet Group, Inc. $TNET

Mitsubishi UFJ Trust & Banking Corp boosted its position in TriNet Group, Inc. (NYSE:TNET) by 640.3% in the 4th quarter, HoldingsChannel reports. The firm owned 31,818 shares of the business services provider’s stock after acquiring an additional 27,520 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in TriNet Group were worth $1,881,000 as of its most recent filing with the SEC.

Several other hedge funds have also bought and sold shares of TNET. Boston Partners acquired a new stake in TriNet Group in the 3rd quarter valued at about $97,712,000. Massachusetts Financial Services Co. MA lifted its stake in TriNet Group by 19.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after purchasing an additional 387,940 shares during the last quarter. Man Group plc lifted its stake in TriNet Group by 286.6% in the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock valued at $31,365,000 after purchasing an additional 347,622 shares during the last quarter. Barclays PLC lifted its stake in TriNet Group by 155.8% in the 3rd quarter. Barclays PLC now owns 461,946 shares of the business services provider’s stock valued at $30,900,000 after purchasing an additional 281,332 shares during the last quarter. Finally, American Century Companies Inc. lifted its stake in TriNet Group by 14.4% in the 3rd quarter. American Century Companies Inc. now owns 1,327,636 shares of the business services provider’s stock valued at $88,806,000 after purchasing an additional 167,599 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Trading Down 3.6%

Shares of TNET stock opened at $42.88 on Tuesday. The firm has a 50 day moving average price of $37.92 and a two-hundred day moving average price of $50.74. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80. The company has a market capitalization of $1.98 billion, a PE ratio of 12.80 and a beta of 1.02. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-month high of $86.78.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.84 by $0.64. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period last year, the business posted $1.99 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, analysts predict that TriNet Group, Inc. will post 3.17 earnings per share for the current year.

TriNet Group announced that its board has authorized a share repurchase plan on Thursday, February 12th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s management believes its shares are undervalued.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st were given a $0.29 dividend. The ex-dividend date was Wednesday, April 1st. This is a positive change from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. TriNet Group’s dividend payout ratio (DPR) is presently 34.63%.

Insider Buying and Selling at TriNet Group

In other news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total value of $28,690.50. Following the completion of the sale, the senior vice president directly owned 55,750 shares in the company, valued at approximately $2,063,865. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 40.00% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have issued reports on TNET shares. Stifel Nicolaus cut their price objective on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Zacks Research upgraded shares of TriNet Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price objective on shares of TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday. Finally, TD Cowen raised their price objective on shares of TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Reduce” and an average target price of $58.20.

TriNet Group Profile

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.