Paul Edward Chamberlain Sells 2,400 Shares of TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 2,400 shares of TriNet Group stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $69.70, for a total value of $167,280.00. Following the transaction, the director owned 40,175 shares in the company, valued at approximately $2,800,197.50. The trade was a 5.64% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

TriNet Group Trading Down 0.1%

NYSE:TNET traded down $0.04 during trading hours on Monday, hitting $70.23. The company had a trading volume of 398,994 shares, compared to its average volume of 456,214. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. The company has a 50-day moving average of $61.73 and a 200 day moving average of $48.11. The company has a market cap of $3.22 billion, a P/E ratio of 18.78 and a beta of 0.95. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $73.07.

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

TriNet Group Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the company. JPMorgan Chase & Co. raised their price objective on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. TD Cowen lifted their price target on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Weiss Ratings raised shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Finally, Truist Financial upped their price objective on shares of TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $56.80.

Institutional Investors Weigh In On TriNet Group

Institutional investors and hedge funds have recently modified their holdings of the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in TriNet Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock worth $1,506,000 after purchasing an additional 819 shares during the period. Millennium Management LLC boosted its position in TriNet Group by 3,995.7% in the 1st quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock valued at $11,008,000 after buying an additional 135,534 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of TriNet Group by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider’s stock worth $6,068,000 after acquiring an additional 470 shares during the period. Jane Street Group LLC purchased a new stake in TriNet Group during the 1st quarter worth about $3,204,000. Finally, Intech Investment Management LLC raised its position in TriNet Group by 10.3% in the 1st quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider’s stock valued at $1,336,000 after purchasing an additional 1,577 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Company 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.