UBS Group AG Has $2.76 Million Stock Position in TriNet Group, Inc. $TNET

UBS Group AG lowered its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 55.5% in the fourth quarter, Holdings Channel.com reports. The institutional investor owned 46,645 shares of the business services provider’s stock after selling 58,067 shares during the period. UBS Group AG’s holdings in TriNet Group were worth $2,758,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the business. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in shares of TriNet Group by 3.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after buying an additional 185 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in shares of TriNet Group by 45.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after buying an additional 201 shares in the last quarter. Quantinno Capital Management LP raised its holdings in shares of TriNet Group by 5.9% during the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after buying an additional 317 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of TriNet Group by 0.7% during the 3rd quarter. Envestnet Asset Management Inc. now owns 49,756 shares of the business services provider’s stock worth $3,328,000 after buying an additional 370 shares in the last quarter. Finally, Quarry LP raised its holdings in shares of 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 buying an additional 383 shares in the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently commented on TNET. Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Stifel Nicolaus lowered their price target on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a report on Friday, February 13th. TD Cowen upped their target price on TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, May 1st. UBS Group lowered their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $55.20.

TriNet Group Price Performance

Shares of TNET opened at $42.71 on Tuesday. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-month high of $84.08. The business has a 50-day simple moving average of $39.39 and a two-hundred day simple moving average of $48.70. 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 stock has a market cap of $1.96 billion, a PE ratio of 12.75 and a beta of 1.02.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the prior year, the firm earned $1.99 EPS. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Analysts anticipate that TriNet Group, Inc. will post 3.55 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 2.7%. The ex-dividend date of this dividend was Wednesday, April 1st. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. TriNet Group’s payout ratio is currently 34.63%.

TriNet Group announced that its Board of Directors has authorized a stock repurchase plan on Thursday, February 12th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 18.4% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Insiders Place Their Bets

In other news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction dated Wednesday, April 1st. The stock was 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 owned 55,750 shares of the company’s stock, valued at approximately $2,063,865. This represents a 1.37% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Brian C. Evanko purchased 5,000 shares of the firm’s stock in a transaction dated Wednesday, March 4th. The stock was bought at an average cost of $37.70 per share, with a total value of $188,500.00. Following the purchase, the director owned 9,565 shares of the company’s stock, valued at approximately $360,600.50. This trade represents a 109.53% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders own 40.00% of the company’s stock.

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.