Anthony Shea Treadway Sells 1,068 Shares of TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) SVP Anthony Shea Treadway sold 1,068 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total value of $74,546.40. Following the sale, the senior vice president owned 65,506 shares of the company’s stock, valued at $4,572,318.80. This trade represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Price Performance

TNET opened at $70.45 on Friday. The business’s 50-day moving average is $59.32 and its two-hundred day moving average is $47.72. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $73.07. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13. The firm has a market capitalization of $3.23 billion, a PE ratio of 18.84 and a beta of 0.95.

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

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were paid a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 1.6%. The ex-dividend date was Wednesday, July 1st. TriNet Group’s payout ratio is 31.02%.

Institutional Trading of TriNet Group

Several large investors have recently bought and sold shares of TNET. BlackRock Inc. purchased a new position in shares of TriNet Group in the second quarter worth $128,161,000. Boston Partners acquired a new stake in shares of TriNet Group during the third quarter worth $97,712,000. Earnest Partners LLC grew its holdings in shares of TriNet Group by 3.4% during the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock valued at $53,118,000 after buying an additional 29,613 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of TriNet Group by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock valued at $52,845,000 after buying an additional 5,036 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of TriNet Group by 5,911,158.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock valued at $41,944,000 after acquiring an additional 709,339 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. Zacks Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. increased their price objective on TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, July 31st. UBS Group lowered their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. TD Cowen boosted their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings lowered TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One equities research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the stock has a consensus rating of “Reduce” and an average 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.