Key Points
- TriNet Group SVP Sidney Majalya sold 775 shares at an average price of $68.53, worth $53,110.75. The Rule 10b5-1 transaction reduced Majalya’s stake by 1.44%, leaving 53,212 shares.
- TriNet’s stock opened at $69.60 and has risen substantially from its 12-month low of $33.60, trading near its $73.07 high. The company reported quarterly EPS of $1.55, beating estimates of $0.93, on revenue of $1.18 billion.
- Analysts maintain a cautious outlook, with a consensus “Reduce” rating and a $56.80 price target. TriNet also pays a quarterly dividend of $0.29, equivalent to a 1.7% yield.
TriNet Group, Inc. (NYSE:TNET - Get Free Report) SVP Sidney Majalya sold 775 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the completion of the transaction, the senior vice president directly owned 53,212 shares in the company, valued at approximately $3,646,618.36. The trade was a 1.44% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
TriNet Group Price Performance
TriNet Group stock opened at $69.60 on Tuesday. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13. The business has a 50 day simple moving average of $59.78 and a 200-day simple moving average of $47.70. TriNet Group, Inc. has a 12 month low of $33.60 and a 12 month high of $73.07. The stock has a market capitalization of $3.19 billion, a PE ratio of 18.61 and a beta of 0.95.
TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, beating analysts' consensus estimates of $0.93 by $0.62. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same period last year, the firm posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Equities analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current year.
TriNet Group Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a $0.29 dividend. 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 presently 31.02%.
Wall Street Analyst Weigh In
Several research analysts recently issued reports on the stock. JPMorgan Chase & Co. increased their price target on shares of TriNet Group from $45.00 to $50.00 and gave the stock an "underweight" rating in a report on Friday, July 31st. Zacks Research lowered TriNet Group from a "strong-buy" rating to a "hold" rating in a report on Friday, July 3rd. TD Cowen boosted their target price on TriNet Group from $46.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday, June 26th. Truist Financial increased their target price on TriNet Group from $50.00 to $62.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. Finally, UBS Group reduced 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. One investment analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, TriNet Group presently has a consensus rating of "Reduce" and a consensus target price of $56.80.
Check Out Our Latest Report on TNET
Hedge Funds Weigh In On TriNet Group
A number of large investors have recently made changes to their positions in the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TriNet Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider's stock valued at $1,506,000 after purchasing an additional 819 shares during the period. Millennium Management LLC increased its holdings in TriNet Group by 3,995.7% in the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider's stock valued at $11,008,000 after buying an additional 135,534 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in TriNet Group by 0.6% in 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 valued at $6,068,000 after buying an additional 470 shares in the last quarter. Jane Street Group LLC acquired a new stake in shares of TriNet Group during the 1st quarter valued at approximately $3,204,000. Finally, Intech Investment Management LLC lifted its position in shares of TriNet Group by 10.3% during 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 acquiring an additional 1,577 shares during the period. Hedge funds and other institutional investors 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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