TriNet Group, Inc. $TNET Shares Purchased by Walleye Capital LLC

Walleye Capital LLC boosted its position in shares of TriNet Group, Inc. (NYSE:TNET) by 2,201.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,574 shares of the business services provider’s stock after purchasing an additional 9,158 shares during the period. Walleye Capital LLC’s holdings in TriNet Group were worth $349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. First Trust Advisors LP increased its holdings in shares of TriNet Group by 24.9% during the 1st quarter. First Trust Advisors LP now owns 16,136 shares of the business services provider’s stock worth $588,000 after buying an additional 3,212 shares during the last quarter. PNC Financial Services Group Inc. raised its position in shares of TriNet Group by 19.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,113 shares of the business services provider’s stock valued at $150,000 after buying an additional 675 shares during the period. Jennison Associates LLC purchased a new stake in shares of TriNet Group during the 1st quarter valued at approximately $958,000. Gallacher Capital Management LLC lifted its holdings in TriNet Group by 40.4% in the first quarter. Gallacher Capital Management LLC now owns 9,484 shares of the business services provider’s stock valued at $346,000 after acquiring an additional 2,727 shares during the last quarter. Finally, Bank of New York Mellon Corp lifted its holdings in TriNet Group by 1.3% in the first quarter. Bank of New York Mellon Corp now owns 261,792 shares of the business services provider’s stock valued at $9,537,000 after acquiring an additional 3,318 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

TNET has been the subject of several recent analyst reports. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. TD Cowen upped their price target on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Truist Financial upped their price target on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday. JPMorgan Chase & Co. increased their price target on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Finally, UBS Group cut 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. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $55.80.

TriNet Group Stock Performance

NYSE:TNET opened at $61.61 on Friday. 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 stock has a market capitalization of $2.83 billion, a P/E ratio of 18.39 and a beta of 0.99. The company has a 50 day moving average price of $50.05 and a 200 day moving average price of $46.76. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $72.84.

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

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.9%. TriNet Group’s payout ratio is presently 34.63%.

Insider Activity

In related news, SVP Anthony Shea Treadway sold 933 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total value of $40,548.18. Following the sale, the senior vice president owned 67,678 shares in the company, valued at approximately $2,941,285.88. The trade was a 1.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.00% of the company’s stock.

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.