SG Americas Securities LLC Grows Stock Holdings in TriNet Group, Inc. $TNET

SG Americas Securities LLC lifted its stake in TriNet Group, Inc. (NYSE:TNET) by 302.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 101,013 shares of the business services provider’s stock after purchasing an additional 75,918 shares during the quarter. SG Americas Securities LLC’s holdings in TriNet Group were worth $3,680,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. Quarry LP grew its stake in shares of TriNet Group by 524.7% in 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 during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in TriNet Group during the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd raised its stake in TriNet Group by 160.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after buying an additional 295 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in TriNet Group by 45.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after acquiring an additional 201 shares in the last quarter. Finally, New York State Teachers Retirement System bought a new stake in TriNet Group in the fourth quarter worth $161,000. 96.81% of the stock is owned by institutional investors.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $50.75 on Tuesday. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $76.09. The business has a 50-day simple moving average of $44.01 and a two-hundred day simple moving average of $46.92. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12. The firm has a market cap of $2.33 billion, a price-to-earnings ratio of 15.15 and a beta of 1.01.

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

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a dividend yield of 2.3%. The ex-dividend date of this dividend is Wednesday, July 1st. TriNet Group’s dividend payout ratio is presently 34.63%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total value of $40,548.18. Following the transaction, the senior vice president directly owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This trade represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total value of $28,690.50. Following 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 SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by corporate insiders.

Analyst Ratings Changes

TNET has been the subject of several analyst reports. JPMorgan Chase & Co. raised their price target on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Weiss Ratings upgraded shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. TD Cowen increased their price target on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a report on Friday. UBS Group reduced their price target 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 upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $55.80.

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.