Corient Private Wealth LP Invests $3.84 Million in TriNet Group, Inc. $TNET

Corient Private Wealth LP purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET) during the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 77,530 shares of the business services provider’s stock, valued at approximately $3,837,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP raised its holdings in TriNet Group by 524.7% in the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after acquiring an additional 383 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in TriNet Group in the 4th quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd boosted its stake 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 valued at $28,000 after purchasing an additional 295 shares during the last quarter. Essential Partners LLC boosted its stake in TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 765 shares during the last quarter. Finally, Cache Advisors LLC bought a new stake in shares of TriNet Group in the 1st quarter worth $36,000. Institutional investors own 96.81% of the company’s stock.

Insider Buying and Selling at TriNet Group

In related news, Director Wayne B. Lowell sold 5,773 shares of the business’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total transaction of $396,662.83. Following the completion of the sale, the director directly owned 86,449 shares in the company, valued at approximately $5,939,910.79. The trade was a 6.26% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Paul Edward Chamberlain sold 2,400 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of $69.70, for a total transaction of $167,280.00. Following the sale, the director directly 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. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 10,016 shares of company stock worth $691,600 over the last 90 days. 40.00% of the stock is owned by company insiders.

TriNet Group Stock Performance

TNET stock opened at $66.74 on Wednesday. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $73.07. The company has a market cap of $3.06 billion, a P/E ratio of 17.84 and a beta of 0.94. The stock’s fifty day moving average price is $62.69 and its 200-day moving average price is $48.40.

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

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.29 per share. 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 dividend payout ratio is presently 31.02%.

Analyst Ratings Changes

Several research firms have recently weighed in on TNET. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. TD Cowen upped their target price on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. Truist Financial raised their price target on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price target on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. Finally, Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $56.80.

TriNet Group Profile

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.