Insider Selling: TriNet Group (NYSE:TNET) Director Sells $396,662.83 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Wayne Lowell sold 5,773 shares of the firm’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total transaction of $396,662.83. Following the completion of the transaction, the director directly owned 86,449 shares in the company, valued at $5,939,910.79. This trade represents a 6.26% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

TriNet Group Trading Up 2.4%

TNET opened at $68.34 on Friday. 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 company has a market cap of $3.14 billion, a price-to-earnings ratio of 18.27 and a beta of 0.95. The firm has a 50 day simple moving average of $55.08 and a 200 day simple moving average of $47.23. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $73.07.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, beating 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 business had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the prior year, the business posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, sell-side analysts anticipate that TriNet Group, Inc. will post 3.55 earnings per share for the current year.

TriNet Group Dividend Announcement

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

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in TriNet Group in the second quarter valued at $128,161,000. Deutsche Bank AG acquired a new position in shares of TriNet Group during the 2nd quarter worth about $1,573,000. Plato Investment Management Ltd bought a new position in shares of TriNet Group in the 2nd quarter valued at about $122,000. Baxter Bros Inc. bought a new position in shares of TriNet Group in the 2nd quarter valued at about $528,000. Finally, Bank of New York Mellon Corp acquired a new stake in shares of TriNet Group in the second quarter valued at about $12,918,000. 96.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the company. TD Cowen increased their target price on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. lifted their price target on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Weiss Ratings raised shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, July 28th. UBS Group lowered their price objective on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Zacks Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. One investment 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. Based on data from MarketBeat, TriNet Group presently has a consensus rating of “Hold” and a consensus price target of $56.80.

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.