TriNet Group, Inc. $TNET Shares Purchased by Walleye Capital LLC

Walleye Capital LLC increased its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 2,201.4% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 9,574 shares of the business services provider’s stock after purchasing an additional 9,158 shares during the period. Walleye Capital LLC’s holdings in TriNet Group were worth $349,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its position in TriNet Group by 160.3% in 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 buying an additional 295 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of TriNet Group during the fourth quarter worth $28,000. Quarry LP increased its position in shares of TriNet Group by 524.7% during the third 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 period. Cache Advisors LLC acquired a new stake in shares of TriNet Group in the first quarter valued at $36,000. Finally, Mirae Asset Global Investments Co. Ltd. raised its stake in shares of TriNet Group by 45.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 201 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the transaction, the senior vice president directly owned 67,678 shares in the company, valued at $2,941,285.88. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by company insiders.

TriNet Group Stock Up 2.1%

Shares of NYSE TNET opened at $61.61 on Friday. The business has a 50-day moving average of $50.05 and a two-hundred day moving average of $46.76. The company has a market capitalization of $2.83 billion, a price-to-earnings ratio of 18.39 and a beta of 0.99. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $72.84. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the prior year, the business posted $1.99 EPS. The business’s revenue for the quarter was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, analysts forecast that TriNet Group, Inc. will post 3.55 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Wednesday, July 1st will be issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st. TriNet Group’s dividend payout ratio is 34.63%.

Wall Street Analyst Weigh In

Several research firms recently commented on TNET. 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 research note on Tuesday, May 5th. JPMorgan Chase & Co. increased their price target on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Truist Financial lifted their price objective on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday. Finally, TD Cowen boosted their price objective on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, TriNet Group presently has an average rating of “Reduce” and a consensus price target of $55.80.

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.