Key Points
- TriNet Group director Wayne Lowell sold 5,773 shares at an average price of $68.71, generating approximately $396,663. His remaining stake fell 6.26% to 86,449 shares.
- TriNet reported quarterly EPS of $1.55, beating estimates of $0.93, while revenue matched expectations at $1.18 billion. The company also declared a $0.29 quarterly dividend, equivalent to a 1.7% yield.
- Analysts largely maintain a “Hold” consensus, with an average price target of $56.80, below the stock’s recent trading level near $67. Institutional investors own 96.81% of TriNet’s shares.
TriNet Group, Inc. (NYSE:TNET - Get Free Report) Director Wayne Lowell sold 5,773 shares of the business's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total transaction of $396,662.83. Following the sale, the director directly owned 86,449 shares of the company's stock, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.
TriNet Group Stock Performance
Shares of NYSE TNET opened at $67.03 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The firm's 50-day moving average price is $54.63 and its two-hundred day moving average price is $47.08. TriNet Group, Inc. has a 52-week low of $33.60 and a 52-week high of $73.07. The stock has a market capitalization of $3.08 billion, a P/E ratio of 17.92 and a beta of 0.95.
TriNet Group (NYSE:TNET - Get Free Report) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $0.93 by $0.62. The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same period in the prior year, the company earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, sell-side analysts forecast that TriNet Group, Inc. will post 3.55 earnings per share for the current year.
TriNet Group Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. TriNet Group's payout ratio is 31.02%.
Analysts Set New Price Targets
Several research firms have recently issued reports on TNET. Truist Financial increased their price target on TriNet Group from $50.00 to $62.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. JPMorgan Chase & Co. increased their target price on shares of TriNet Group from $45.00 to $50.00 and gave the company an "underweight" rating in a research report on Friday, July 31st. TD Cowen increased their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the company a "hold" rating in a report on Friday, June 26th. Zacks Research downgraded TriNet Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 3rd. Finally, UBS Group lowered their price target on TriNet Group from $62.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company's stock. According to data from MarketBeat, TriNet Group currently has an average rating of "Hold" and a consensus target price of $56.80.
Get Our Latest Stock Analysis on TriNet Group
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of TriNet Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider's stock worth $1,506,000 after acquiring an additional 819 shares in the last quarter. Millennium Management LLC raised its position in shares of TriNet Group by 3,995.7% during the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider's stock worth $11,008,000 after purchasing an additional 135,534 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of TriNet Group by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider's stock worth $6,068,000 after purchasing an additional 470 shares during the period. Jane Street Group LLC purchased a new stake in shares of TriNet Group during the first quarter valued at $3,204,000. Finally, Intech Investment Management LLC boosted its position in shares of TriNet Group by 10.3% in the 1st quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider's stock valued at $1,336,000 after purchasing an additional 1,577 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.
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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