Sidney Majalya Sells 775 Shares of TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) SVP Sidney Majalya sold 775 shares of TriNet Group stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $68.53, for a total transaction of $53,110.75. Following the transaction, the senior vice president directly owned 53,212 shares in the company, valued at approximately $3,646,618.36. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Price Performance

TNET opened at $69.56 on Wednesday. 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 12 month low of $33.60 and a 12 month high of $73.07. The company has a fifty day simple moving average of $60.24 and a 200 day simple moving average of $47.79. The stock has a market cap of $3.19 billion, a P/E ratio of 18.60 and a beta of 0.95.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.62. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, research analysts expect that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were paid a dividend of $0.29 per share. 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 presently 31.02%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd lifted its position in TriNet Group by 160.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after buying an additional 295 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of TriNet Group in the 4th quarter valued at about $28,000. Quarry LP grew its holdings in shares of TriNet Group by 524.7% in the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 383 shares in the last quarter. Essential Partners LLC grew its holdings in shares of TriNet Group by 427.4% in the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 765 shares in the last quarter. Finally, Cache Advisors LLC acquired a new stake in shares of TriNet Group in the first quarter valued at about $36,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. TD Cowen upped their target price on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. UBS Group lowered their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a report on Friday, July 31st. Finally, Weiss Ratings cut TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. One research 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.com, TriNet Group presently has a consensus rating of “Reduce” and an average price target of $56.80.

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.