TriNet Group (NYSE:TNET) SVP Sidney Majalya Sells 775 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) SVP Sidney Majalya sold 775 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $68.53, for a total transaction of $53,110.75. Following the sale, the senior vice president owned 53,212 shares in the company, valued at $3,646,618.36. The trade was a 1.44% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Stock Down 1.3%

Shares of NYSE:TNET opened at $69.60 on Tuesday. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $73.07. The firm’s 50 day moving average price is $59.78 and its 200 day moving average price is $47.70. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The stock has a market cap of $3.19 billion, a price-to-earnings ratio of 18.61 and a beta of 0.95.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the business posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, equities research analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 1st. TriNet Group’s dividend payout ratio is 31.02%.

Hedge Funds Weigh In On TriNet Group

A number of institutional investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in TriNet Group during the 2nd quarter worth $128,161,000. California State Teachers Retirement System increased its stake in TriNet Group by 3,535.7% in the second quarter. California State Teachers Retirement System now owns 1,543,049 shares of the business services provider’s stock valued at $76,365,000 after purchasing an additional 1,500,607 shares during the period. Boston Partners acquired a new position in TriNet Group in the third quarter valued at $97,712,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TriNet Group by 5,911,158.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock valued at $41,944,000 after buying an additional 709,339 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of TriNet Group during the fourth quarter worth about $28,266,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have weighed in on TNET. Truist Financial raised their price target on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. UBS Group dropped their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. TD Cowen raised their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Finally, JPMorgan Chase & Co. boosted their target price on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Reduce” and a consensus price target of $56.80.

About TriNet Group

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.