Key Points
- SVP Anthony Shea Treadway sold 459 shares on Nov. 18 at an average price of $54.52 for a total of $25,024.68, trimming his stake by 1.6% to 28,224 shares.
- TriNet beat quarterly EPS estimates, reporting $1.11 vs. $0.72 expected and $1.22B in revenue (down 1.6% YoY), and set FY2025 guidance of $3.25–$4.75 EPS versus analysts' ~3.04 forecast.
- Shares jumped 4.6% to $57.38 (market cap ≈ $2.76B, P/E 21.14), the company pays a $0.275 quarterly dividend (≈1.9% yield), and Wall Street ratings are mixed with an average "Hold" and $67.33 target.
TriNet Group, Inc. (NYSE:TNET - Get Free Report) SVP Anthony Shea Treadway sold 459 shares of the firm's stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $54.52, for a total value of $25,024.68. Following the completion of the sale, the senior vice president owned 28,224 shares of the company's stock, valued at approximately $1,538,772.48. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
TriNet Group Stock Up 4.6%
TNET stock traded up $2.52 during trading on Friday, reaching $57.38. 91,522 shares of the stock were exchanged, compared to its average volume of 434,731. The firm's 50 day moving average is $62.15 and its 200 day moving average is $69.54. The firm has a market cap of $2.76 billion, a P/E ratio of 21.14 and a beta of 0.84. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. TriNet Group, Inc. has a twelve month low of $54.22 and a twelve month high of $97.02.
TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, beating analysts' consensus estimates of $0.72 by $0.39. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.The firm had revenue of $1.22 billion during the quarter, compared to analysts' expectations of $261.92 million. During the same quarter last year, the firm posted $1.17 earnings per share. The company's revenue for the quarter was down 1.6% compared to the same quarter last year. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, research analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.
TriNet Group Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Wednesday, October 1st were issued a dividend of $0.275 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.10 annualized dividend and a yield of 1.9%. TriNet Group's dividend payout ratio is presently 40.59%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mirae Asset Global Investments Co. Ltd. increased its position in shares of TriNet Group by 106.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider's stock valued at $30,000 after purchasing an additional 229 shares during the last quarter. Quarry LP increased its holdings in TriNet Group by 524.7% during the third 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. Hilltop National Bank bought a new stake in TriNet Group in the second quarter worth about $43,000. CWM LLC boosted its stake in TriNet Group by 140.5% in the second quarter. CWM LLC now owns 582 shares of the business services provider's stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Finally, Steigerwald Gordon & Koch Inc. bought a new position in shares of TriNet Group during the 3rd quarter valued at approximately $46,000. Hedge funds and other institutional investors own 96.81% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages have recently issued reports on TNET. JPMorgan Chase & Co. decreased their target price 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. Zacks Research raised TriNet Group from a "hold" rating to a "strong-buy" rating in a research report on Monday, November 3rd. Weiss Ratings reissued a "sell (d+)" rating on shares of TriNet Group in a research report on Wednesday, October 8th. Finally, UBS Group dropped their price objective on TriNet Group from $69.00 to $63.00 and set a "neutral" rating on the stock in a research note on Thursday, October 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $67.33.
Read Our Latest Stock Analysis on TriNet Group
TriNet Group Company Profile
(
Get Free Report)
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.
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