TriNet Group (NYSE:TNET) SVP Sidney Majalya Sells 775 Shares

TriNet Group, Inc. (NYSE:TNET) SVP Sidney Majalya sold 775 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $61.86, for a total value of $47,941.50. Following the completion of the sale, the senior vice president directly owned 19,853 shares of the company’s stock, valued at $1,228,106.58. This represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.

TriNet Group Stock Performance

TNET stock traded down $1.00 on Tuesday, reaching $61.60. 321,310 shares of the company were exchanged, compared to its average volume of 404,588. The firm has a market capitalization of $2.96 billion, a PE ratio of 22.73 and a beta of 0.82. TriNet Group, Inc. has a 12 month low of $54.22 and a 12 month high of $97.02. The stock’s fifty day moving average price is $58.04 and its 200 day moving average price is $63.71. The company has a debt-to-equity ratio of 8.14, a current ratio of 1.11 and a quick ratio of 1.11.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.39. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $261.92 million. TriNet Group had a net margin of 2.64% and a return on equity of 212.38%. The business’s quarterly revenue was down 1.6% on a year-over-year basis. During the same period last year, the business posted $1.17 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, research analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Friday, January 2nd will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.10 annualized dividend and a yield of 1.8%. TriNet Group’s dividend payout ratio is 40.59%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on TNET shares. UBS Group lowered their price objective on TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 29th. Truist Financial started coverage on shares of TriNet Group in a research report on Friday, December 5th. They set a “hold” rating and a $62.00 target price on the stock. JPMorgan Chase & Co. dropped their price target on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Finally, TD Cowen decreased their price objective on TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Five investment analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to MarketBeat.com, TriNet Group has an average rating of “Reduce” and a consensus price target of $63.50.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TNET. Boston Partners acquired a new stake in shares of TriNet Group in the 3rd quarter valued at $97,712,000. Massachusetts Financial Services Co. MA boosted its holdings in TriNet Group by 19.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after acquiring an additional 387,940 shares during the last quarter. Man Group plc raised its holdings in TriNet Group by 286.6% during the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after purchasing an additional 347,622 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in TriNet Group by 90.1% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider’s stock valued at $47,441,000 after purchasing an additional 307,440 shares during the period. Finally, American Century Companies Inc. lifted its position in TriNet Group by 35.2% during the 2nd quarter. American Century Companies Inc. now owns 1,160,037 shares of the business services provider’s stock valued at $84,845,000 after purchasing an additional 301,832 shares during the period. Institutional investors and hedge funds own 96.81% 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.