Insider Selling: TriNet Group (NYSE:TNET) SVP Sells $47,941.50 in Stock

TriNet Group, Inc. (NYSE:TNET) SVP Sidney Majalya sold 775 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $61.86, for a total transaction of $47,941.50. Following the completion of the transaction, the senior vice president owned 19,853 shares in the company, valued at $1,228,106.58. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

TriNet Group Trading Down 1.6%

TNET traded down $1.00 during trading on Tuesday, reaching $61.60. 321,310 shares of the company’s stock were exchanged, compared to its average volume of 404,588. The company’s fifty day moving average price is $58.04 and its 200-day moving average price is $63.71. The company has a debt-to-equity ratio of 8.14, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a market capitalization of $2.96 billion, a PE ratio of 22.73 and a beta of 0.82. TriNet Group, Inc. has a fifty-two week low of $54.22 and a fifty-two week high of $97.02.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.39. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $261.92 million. TriNet Group had a return on equity of 212.38% and a net margin of 2.64%.The firm’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the company earned $1.17 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Friday, January 2nd will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.8%. TriNet Group’s dividend payout ratio is 40.59%.

Institutional Trading of TriNet Group

A number of institutional investors have recently modified their holdings of TNET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in 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 during the last quarter. Millennium Management LLC grew its position 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 purchasing an additional 135,534 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its stake in TriNet Group by 0.6% in the 1st 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 during the last quarter. Jane Street Group LLC acquired a new stake in TriNet Group in the 1st quarter valued at $3,204,000. Finally, Intech Investment Management LLC lifted its position in 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 worth $1,336,000 after buying an additional 1,577 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have commented on TNET. TD Cowen lowered their target price on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, October 8th. UBS Group decreased their target price on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Monday, December 29th. Finally, JPMorgan Chase & Co. decreased their price objective on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Five equities research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and an average target price of $63.50.

About TriNet Group

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.