TriNet Group, Inc. (NYSE:TNET - Get Free Report) Director Paul Edward Chamberlain sold 2,400 shares of the firm's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $69.70, for a total value of $167,280.00. Following the completion of the sale, the director owned 40,175 shares of the company's stock, valued at approximately $2,800,197.50. This represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.
TriNet Group Stock Down 0.1%
NYSE TNET opened at $70.23 on Tuesday. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. TriNet Group, Inc. has a 52 week low of $33.60 and a 52 week high of $73.07. The firm has a market capitalization of $3.22 billion, a price-to-earnings ratio of 18.78 and a beta of 0.94. The company has a fifty day moving average of $62.27 and a two-hundred day moving average of $48.25.
TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.62. The business had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same quarter in the prior year, the firm posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current year.
TriNet Group Announces Dividend
The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 1st. TriNet Group's dividend payout ratio is 31.02%.
Institutional Investors Weigh In On TriNet Group
Several large investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of TriNet Group during the second quarter worth approximately $128,161,000. California State Teachers Retirement System boosted its holdings in shares of TriNet Group by 3,535.7% in the second quarter. California State Teachers Retirement System now owns 1,543,049 shares of the business services provider's stock valued at $76,365,000 after purchasing an additional 1,500,607 shares during the period. Boston Partners purchased a new stake in shares of TriNet Group in the third quarter valued at approximately $97,712,000. Northwestern Mutual Wealth Management Co. grew its stake in TriNet Group by 5,911,158.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider's stock worth $41,944,000 after purchasing an additional 709,339 shares in the last quarter. Finally, Norges Bank bought a new position in TriNet Group in the fourth quarter worth approximately $28,266,000. 96.81% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
TNET has been the subject of several analyst reports. Weiss Ratings raised shares of TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. Truist Financial upped their target price on TriNet Group from $50.00 to $62.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. Zacks Research downgraded TriNet Group from a "strong-buy" rating to a "hold" rating in a report on Friday, July 3rd. JPMorgan Chase & Co. raised their price target on TriNet Group from $45.00 to $50.00 and gave the stock an "underweight" rating in a research note on Friday, July 31st. Finally, TD Cowen boosted their price objective on TriNet Group from $46.00 to $49.00 and gave the company a "hold" rating in a report on Friday, June 26th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $56.80.
View Our Latest Analysis on TriNet Group
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.
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