TriNet Group, Inc. $TNET Shares Bought by Earnest Partners LLC

Earnest Partners LLC boosted its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 0.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 900,402 shares of the business services provider’s stock after acquiring an additional 934 shares during the quarter. Earnest Partners LLC’s holdings in TriNet Group were worth $71,348,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its stake in TriNet Group by 4,677.9% during the first quarter. GAMMA Investing LLC now owns 3,249 shares of the business services provider’s stock worth $257,000 after acquiring an additional 3,181 shares during the last quarter. Farther Finance Advisors LLC increased its stake in TriNet Group by 11.4% during the first quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider’s stock worth $331,000 after acquiring an additional 427 shares during the last quarter. SG Americas Securities LLC acquired a new stake in TriNet Group during the first quarter worth $987,000. Bank of New York Mellon Corp increased its stake in TriNet Group by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider’s stock worth $18,406,000 after acquiring an additional 9,821 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in TriNet Group during the fourth quarter worth $1,395,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Performance

NYSE:TNET opened at $71.16 on Thursday. The company has a fifty day simple moving average of $68.58 and a two-hundred day simple moving average of $75.13. The company has a market cap of $3.46 billion, a price-to-earnings ratio of 24.45 and a beta of 0.83. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. TriNet Group, Inc. has a 52 week low of $62.55 and a 52 week high of $104.06.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.12. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. The business had revenue of $282.90 million for the quarter, compared to analyst estimates of $278.93 million. During the same period last year, the business earned $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st were issued a $0.275 dividend. The ex-dividend date was Tuesday, July 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.5%. TriNet Group’s dividend payout ratio is presently 37.80%.

Insiders Place Their Bets

In other news, Director Ralph A. Clark sold 3,000 shares of TriNet Group stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.42, for a total value of $199,260.00. Following the transaction, the director directly owned 9,390 shares of the company’s stock, valued at $623,683.80. The trade was a 24.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the firm’s stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.80, for a total value of $98,865.60. Following the transaction, the chief technology officer directly owned 30,424 shares in the company, valued at approximately $2,093,171.20. This represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 8,395 shares of company stock worth $560,612. Corporate insiders own 38.10% of the company’s stock.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. decreased their price target on TriNet Group from $76.00 to $75.00 and set an “underweight” rating on the stock in a research note on Monday, July 28th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Reduce” and a consensus price target of $96.33.

TriNet Group Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.