Paul Edward Chamberlain Sells 2,400 Shares of TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Paul Edward Chamberlain sold 2,400 shares of TriNet Group 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 owned 40,175 shares of the company’s stock, valued at approximately $2,800,197.50. The trade was a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link.

TriNet Group Price Performance

Shares of TNET opened at $66.74 on Wednesday. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $73.07. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market capitalization of $3.06 billion, a P/E ratio of 17.84 and a beta of 0.94. The business’s 50-day moving average is $62.69 and its two-hundred day moving average is $48.40.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $0.93 by $0.62. The firm had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same period last year, the company earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Research analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current year.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.7%. The ex-dividend date of this dividend was Wednesday, July 1st. TriNet Group’s dividend payout ratio (DPR) is presently 31.02%.

Hedge Funds Weigh In On TriNet Group

Several hedge funds and other institutional investors have recently modified their holdings of TNET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in TriNet Group by 4.5% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock valued at $1,506,000 after acquiring an additional 819 shares during the last quarter. Millennium Management LLC boosted its holdings in shares of TriNet Group by 3,995.7% during the 1st 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 last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of TriNet Group by 0.6% in the first 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 purchased a new stake in shares of TriNet Group in the first quarter valued at approximately $3,204,000. Finally, Intech Investment Management LLC grew its position in shares of TriNet Group by 10.3% in the first 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 in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. TD Cowen boosted their target price on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. lifted their price objective on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Finally, UBS Group decreased their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $56.80.

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.