TriNet Group, Inc. $TNET Shares Purchased by Heron Bay Capital Management

Heron Bay Capital Management raised its stake in TriNet Group, Inc. (NYSE:TNET) by 55.8% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 122,480 shares of the business services provider’s stock after purchasing an additional 43,860 shares during the period. TriNet Group comprises 1.5% of Heron Bay Capital Management’s investment portfolio, making the stock its 25th biggest position. Heron Bay Capital Management’s holdings in TriNet Group were worth $8,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of TriNet Group by 106.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock worth $30,000 after buying an additional 229 shares during the period. CWM LLC grew its holdings in TriNet Group by 140.5% during the 2nd quarter. CWM LLC now owns 582 shares of the business services provider’s stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new stake in shares of TriNet Group in the 3rd quarter valued at approximately $46,000. Covestor Ltd raised its holdings in shares of TriNet Group by 402.7% in the 3rd quarter. Covestor Ltd now owns 1,282 shares of the business services provider’s stock valued at $86,000 after purchasing an additional 1,027 shares in the last quarter. Finally, Hikari Tsushin Inc. purchased a new stake in shares of TriNet Group during the 3rd quarter worth $127,000. 96.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction 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 approximately $1,228,106.58. This represents a 3.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 38.10% of the company’s stock.

Analyst Upgrades and Downgrades

TNET has been the topic of several recent analyst reports. Stifel Nicolaus dropped their target price on TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Zacks Research downgraded TriNet Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, January 21st. Truist Financial started coverage on TriNet Group in a report on Friday, December 5th. They issued a “hold” rating and a $62.00 price target for the company. Finally, TD Cowen cut their price objective on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat, TriNet Group presently has an average rating of “Reduce” and an average target price of $65.80.

TriNet Group Trading Up 2.8%

NYSE TNET opened at $37.95 on Friday. The firm’s fifty day moving average is $52.78 and its two-hundred day moving average is $59.19. TriNet Group, Inc. has a one year low of $33.60 and a one year 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 $1.80 billion, a PE ratio of 12.01 and a beta of 0.86.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The firm had revenue of $1.25 billion for the quarter, compared to analyst estimates of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The business’s revenue was down 2.3% on a year-over-year basis. During the same quarter last year, the company posted $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group announced that its Board of Directors has approved a share buyback plan on Thursday, February 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the business services provider to reacquire up to 18.4% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company’s leadership believes its shares are undervalued.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 2nd were given a $0.275 dividend. 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 34.81%.

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.