GSA Capital Partners LLP Sells 16,282 Shares of TriNet Group, Inc. $TNET

GSA Capital Partners LLP lowered its stake in TriNet Group, Inc. (NYSE:TNET) by 37.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 27,082 shares of the business services provider’s stock after selling 16,282 shares during the quarter. GSA Capital Partners LLP’s holdings in TriNet Group were worth $1,812,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its position in shares of TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after acquiring an additional 387,940 shares in the last quarter. Hsbc Holdings PLC boosted its stake in TriNet Group by 758.6% during the 2nd quarter. Hsbc Holdings PLC now owns 35,247 shares of the business services provider’s stock valued at $2,563,000 after purchasing an additional 31,142 shares during the last quarter. Heron Bay Capital Management increased its holdings in shares of TriNet Group by 28.2% in the 2nd quarter. Heron Bay Capital Management now owns 78,620 shares of the business services provider’s stock worth $5,750,000 after purchasing an additional 17,287 shares in the last quarter. Entropy Technologies LP purchased a new position in shares of TriNet Group in the second quarter worth $492,000. Finally, Y Intercept Hong Kong Ltd bought a new position in shares of TriNet Group during the second quarter valued at $1,098,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

Insider Activity at TriNet Group

In related 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 ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the firm’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.51, for a total transaction of $82,641.87. Following the transaction, the chief technology officer directly owned 27,922 shares of the company’s stock, valued at $1,605,794.22. The trade was a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 2,339 shares of company stock valued at $137,568 over the last 90 days. 37.10% of the stock is currently owned by corporate insiders.

TriNet Group Trading Up 4.5%

Shares of NYSE:TNET opened at $41.63 on Wednesday. The stock has a 50 day moving average of $57.83 and a 200 day moving average of $61.35. The company has a market cap of $1.97 billion, a PE ratio of 13.17 and a beta of 0.81. TriNet Group, Inc. has a 12-month low of $38.61 and a 12-month high of $88.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57.

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

TriNet Group declared that its board has approved a share repurchase plan on Thursday, February 12th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock buyback plans are often a sign that the company’s board believes its shares are undervalued.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 2nd were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.10 dividend on an annualized basis and a yield of 2.6%. TriNet Group’s payout ratio is currently 34.81%.

Analysts Set New Price Targets

Several equities research analysts recently commented on TNET shares. UBS Group reduced their price objective on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. decreased their price objective on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Stifel Nicolaus dropped their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Truist Financial started coverage on shares of TriNet Group in a research report on Friday, December 5th. They issued a “hold” rating and a $62.00 target price for the company. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. One investment analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus target price of $65.80.

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.