Key Points
- TriNet Group SVP Anthony Shea Treadway sold 933 shares on May 19 at an average price of $43.46, totaling about $40,548. The sale was made under a pre-arranged Rule 10b5-1 trading plan, and his ownership fell by 1.36%.
- TriNet recently posted better-than-expected quarterly results, reporting EPS of $2.48 versus estimates of $1.84 and revenue of $1.23 billion versus expectations of $1.08 billion. However, revenue was still down 5.1% from a year earlier.
- The company continues shareholder-friendly moves, including a new $400 million share repurchase authorization and a higher quarterly dividend of $0.29 per share. Analysts currently rate the stock a consensus Hold with a target price of $55.20.
TriNet Group, Inc. (NYSE:TNET - Get Free Report) SVP Anthony Shea Treadway sold 933 shares of the company's stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total transaction of $40,548.18. Following the completion of the sale, the senior vice president directly owned 67,678 shares in the company, valued at $2,941,285.88. This represents a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TriNet Group Trading Down 2.0%
NYSE TNET opened at $41.75 on Friday. The company has a market capitalization of $1.92 billion, a price-to-earnings ratio of 12.46 and a beta of 1.02. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12. TriNet Group, Inc. has a 12 month low of $33.60 and a 12 month high of $84.08. The company's fifty day moving average price is $39.12 and its two-hundred day moving average price is $48.93.
TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.84 by $0.64. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the prior year, the business posted $1.99 EPS. The company'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. As a group, research analysts predict that TriNet Group, Inc. will post 3.55 earnings per share for the current fiscal year.
TriNet Group declared that its board has approved a share repurchase program on Thursday, February 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 18.4% of its shares through open market purchases. Shares buyback programs are generally an indication that the company's leadership believes its stock is undervalued.
TriNet Group Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, April 1st. This is an increase from TriNet Group's previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.8%. TriNet Group's payout ratio is currently 34.63%.
Wall Street Analysts Forecast Growth
A number of equities research analysts have recently weighed in on TNET shares. UBS Group lowered their price target on TriNet Group from $62.00 to $48.00 and set a "neutral" rating for the company in a report on Tuesday, May 5th. Weiss Ratings raised shares of TriNet Group from a "sell (d)" rating to a "sell (d+)" rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their target price on shares of TriNet Group from $43.00 to $45.00 and gave the company an "underweight" rating in a research note on Friday, May 1st. Stifel Nicolaus dropped their target price on shares of TriNet Group from $97.00 to $75.00 and set a "buy" rating on the stock in a report on Friday, February 13th. Finally, Zacks Research upgraded shares of TriNet Group from a "hold" rating to a "strong-buy" rating in a research report on Tuesday, May 12th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $55.20.
Check Out Our Latest Stock Report on TNET
Hedge Funds Weigh In On TriNet Group
Several institutional investors have recently made changes to their positions in TNET. Essential Partners LLC raised its position in shares of TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider's stock worth $34,000 after purchasing an additional 765 shares during the period. Bank of America Corp DE grew its stake in TriNet Group by 89.4% during the 1st quarter. Bank of America Corp DE now owns 314,528 shares of the business services provider's stock worth $11,458,000 after buying an additional 148,451 shares during the last quarter. Arkadios Wealth Advisors bought a new position in TriNet Group during the 1st quarter worth $326,000. California State Teachers Retirement System increased its position in TriNet Group by 43.0% in the first quarter. California State Teachers Retirement System now owns 42,442 shares of the business services provider's stock worth $1,546,000 after buying an additional 12,771 shares during the period. Finally, Empowered Funds LLC increased its position in TriNet Group by 82.2% in the first quarter. Empowered Funds LLC now owns 15,421 shares of the business services provider's stock worth $557,000 after buying an additional 6,955 shares during the period. 96.81% of the stock is owned by institutional investors.
TriNet Group Company Profile
(
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.
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