TriNet Group (NYSE:TNET) SVP Sells $20,361.47 in Stock

by · The Cerbat Gem

TriNet Group, Inc. (NYSE:TNETGet Free Report) SVP Anthony Shea Treadway sold 487 shares of TriNet Group stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $41.81, for a total value of $20,361.47. Following the transaction, the senior vice president directly owned 27,006 shares in the company, valued at $1,129,120.86. The trade was a 1.77% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

TriNet Group Trading Down 9.9%

Shares of TNET stock traded down $4.22 on Friday, hitting $38.47. The company had a trading volume of 805,134 shares, compared to its average volume of 541,113. TriNet Group, Inc. has a twelve month low of $38.44 and a twelve month high of $88.56. The company has a debt-to-equity ratio of 16.57, a quick ratio of 1.09 and a current ratio of 1.09. The firm has a market cap of $1.82 billion, a P/E ratio of 12.17 and a beta of 0.81. The stock’s 50-day moving average is $57.24 and its two-hundred day moving average is $61.09.

TriNet Group (NYSE:TNETGet Free Report) last announced its earnings results on Thursday, February 12th. The business services provider reported $0.46 EPS for the quarter, beating the consensus estimate of $0.37 by $0.09. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $251.57 million. During the same period in the prior year, the business posted $0.44 earnings per share. The firm’s revenue was down 2.3% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities research analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group announced that its Board of Directors has authorized a share buyback program on Thursday, February 12th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock buyback programs are generally an indication that the company’s management believes its stock is undervalued.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Friday, January 2nd were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date was Friday, January 2nd. TriNet Group’s dividend payout ratio (DPR) is presently 34.81%.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. TD Cowen reduced their price objective on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. UBS Group dropped their target price on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a research report on Thursday, October 30th. Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Finally, Truist Financial initiated coverage on TriNet Group in a research note on Friday, December 5th. They issued a “hold” rating and a $62.00 target price for the company. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Reduce” and an average price target of $65.80.

Get Our Latest Stock Analysis on TNET

Institutional Investors Weigh In On TriNet Group

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in TriNet Group by 3.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock valued at $350,000 after acquiring an additional 185 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in TriNet Group by 45.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after purchasing an additional 201 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of TriNet Group by 4.8% in the third quarter. Farther Finance Advisors LLC now owns 4,672 shares of the business services provider’s stock worth $313,000 after purchasing an additional 216 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in shares of TriNet Group by 5.9% in the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock valued at $413,000 after purchasing an additional 317 shares in the last quarter. Finally, CWM LLC boosted its position in shares of TriNet Group by 140.5% during the second quarter. CWM LLC now owns 582 shares of the business services provider’s stock valued at $43,000 after buying an additional 340 shares during the last quarter. 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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