11,461 Shares in TriNet Group, Inc. $TNET Purchased by Vise Technologies Inc.

Vise Technologies Inc. purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 11,461 shares of the business services provider’s stock, valued at approximately $567,000.

Other hedge funds have also recently bought and sold shares of the company. Quarry LP raised its stake in shares of TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after purchasing an additional 383 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of TriNet Group in the fourth quarter valued at $28,000. Caitong International Asset Management Co. Ltd grew its stake in shares of TriNet Group by 160.3% in the fourth 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. grew 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 buying an additional 201 shares in the last quarter. Finally, Essential Partners LLC increased its holdings in TriNet Group by 427.4% during the first quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after buying an additional 765 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Down 1.3%

TNET opened at $69.60 on Tuesday. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $73.07. The stock’s fifty day simple moving average is $59.78 and its 200 day simple moving average is $47.70. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. The stock has a market cap of $3.19 billion, a PE ratio of 18.61 and a beta of 0.95.

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

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were issued 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 payout ratio is presently 31.02%.

Analysts Set New Price Targets

Several analysts have issued reports on TNET shares. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. Weiss Ratings downgraded shares of TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, August 11th. JPMorgan Chase & Co. boosted their price objective 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. TD Cowen raised 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. Finally, Truist Financial raised their target price on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd. One research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TriNet Group currently has a consensus rating of “Reduce” and a consensus price target of $56.80.

Insider Activity at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the firm’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total transaction of $53,110.75. Following the completion of the sale, the senior vice president directly owned 53,212 shares in the company, valued at $3,646,618.36. This trade represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total value of $396,662.83. Following the transaction, the director owned 86,449 shares in the company, valued at approximately $5,939,910.79. This trade represents a 6.26% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 7,616 shares of company stock worth $524,320. Insiders own 40.00% of the company’s stock.

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.