Royce & Associates LP Takes $891,000 Position in TriNet Group, Inc. $TNET

Royce & Associates LP purchased a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 13,318 shares of the business services provider’s stock, valued at approximately $891,000.

Several other hedge funds have also recently bought and sold shares of TNET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TriNet Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock worth $1,506,000 after purchasing an additional 819 shares in the last quarter. Millennium Management LLC lifted 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 worth $11,008,000 after purchasing an additional 135,534 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in TriNet Group by 0.6% during 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 purchasing an additional 470 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of TriNet Group during the 1st quarter valued at $3,204,000. Finally, Intech Investment Management LLC increased its position in shares of 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 valued at $1,336,000 after purchasing an additional 1,577 shares during the period. 96.81% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $61.86, for a total value of $47,941.50. Following the sale, the senior vice president directly owned 19,853 shares in the company, valued at approximately $1,228,106.58. This represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 38.10% of the company’s stock.

Analyst Ratings Changes

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

TriNet Group Trading Up 3.2%

Shares of NYSE:TNET opened at $39.12 on Friday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57. The stock has a market capitalization of $1.85 billion, a PE ratio of 12.38 and a beta of 0.86. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $88.56. The firm has a fifty day moving average price of $52.39 and a 200 day moving average price of $59.00.

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

TriNet Group announced that its Board of Directors has authorized a share repurchase plan on Thursday, February 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 18.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors 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 paid a dividend of $0.275 per share. The ex-dividend date was Friday, January 2nd. This represents a $1.10 dividend on an annualized basis and a yield of 2.8%. TriNet Group’s dividend payout ratio (DPR) is currently 34.81%.

TriNet Group Company 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.