Key Points
- Insider sale: TriNet SVP Sidney Majalya sold 775 shares on Jan. 9 at an average of $61.86 for roughly $47,941, reducing his position by 3.76% to 19,853 shares (≈$1.23M).
- Earnings & guidance: TriNet reported $1.11 EPS last quarter (beat estimates) and set FY2025 guidance of $3.25–$4.75 EPS; analysts' consensus EPS is $3.04 and MarketBeat shows a consensus "Reduce" rating with a $63.50 target.
- Dividend & stock metrics: The company declared a $0.275 quarterly dividend (annualized $1.10, 1.8% yield, ex-dividend Jan. 2), and the stock trades near $61.60 with a $2.96B market cap and a P/E of 22.73.
TriNet Group, Inc. (NYSE:TNET - Get Free Report) SVP Sidney Majalya sold 775 shares of the business's stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $61.86, for a total value of $47,941.50. Following the sale, the senior vice president owned 19,853 shares in the company, valued at approximately $1,228,106.58. The trade was a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.
TriNet Group Stock Performance
Shares of TNET opened at $61.60 on Wednesday. The company has a 50-day moving average of $58.12 and a two-hundred day moving average of $63.63. The stock has a market cap of $2.96 billion, a price-to-earnings ratio of 22.73 and a beta of 0.82. 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, Inc. has a one year low of $54.22 and a one year high of $97.02.
TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.72 by $0.39. TriNet Group had a net margin of 2.64% and a return on equity of 212.38%. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $261.92 million. During the same quarter in the prior year, the firm earned $1.17 EPS. The firm's quarterly revenue was down 1.6% on a year-over-year basis. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, equities research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.
TriNet Group Dividend Announcement
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Friday, January 2nd will be given a $0.275 dividend. This represents a $1.10 annualized dividend and a dividend yield of 1.8%. The ex-dividend date of this dividend is Friday, January 2nd. TriNet Group's dividend payout ratio (DPR) is 40.59%.
Hedge Funds Weigh In On TriNet Group
A number of hedge funds have recently added to or reduced their stakes in the company. Hsbc Holdings PLC increased its stake in shares of TriNet Group by 758.6% during the 2nd quarter. Hsbc Holdings PLC now owns 35,247 shares of the business services provider's stock worth $2,563,000 after purchasing an additional 31,142 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in shares of TriNet Group by 90.1% in 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 last quarter. Heron Bay Capital Management boosted its holdings in TriNet Group by 28.2% in the second quarter. Heron Bay Capital Management now owns 78,620 shares of the business services provider's stock worth $5,750,000 after purchasing an additional 17,287 shares in the last quarter. Strs Ohio acquired a new position in TriNet Group during the first quarter worth $357,000. Finally, Entropy Technologies LP bought a new position in TriNet Group during the second quarter valued at about $492,000. Institutional investors and hedge funds own 96.81% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages recently issued reports on TNET. UBS Group reduced their price objective on TriNet Group from $69.00 to $63.00 and set a "neutral" rating for the company in a research note on Thursday, October 30th. Truist Financial initiated coverage on TriNet Group in a report on Friday, December 5th. They issued a "hold" rating and a $62.00 target price on the stock. JPMorgan Chase & Co. decreased their price target on shares of TriNet Group from $75.00 to $65.00 and set an "underweight" rating for the company in a report on Thursday, October 30th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TriNet Group in a research report on Wednesday, October 8th. Finally, Zacks Research downgraded shares of TriNet Group from a "strong-buy" rating to a "hold" rating in a research report on Monday, December 29th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Reduce" and a consensus target price of $63.50.
View Our Latest Analysis on TNET
About TriNet Group
(
Get Free Report)
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.
Further Reading
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