Pacer Advisors Inc. Sells 23,478 Shares of TriNet Group, Inc. $TNET

Pacer Advisors Inc. cut its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 7.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 276,057 shares of the business services provider’s stock after selling 23,478 shares during the period. Pacer Advisors Inc.’s holdings in TriNet Group were worth $16,323,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in TriNet Group by 3.2% during the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock valued at $350,000 after acquiring an additional 185 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in TriNet Group by 45.2% during 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 during the last quarter. Quantinno Capital Management LP lifted its position in TriNet Group by 5.9% during the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 317 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in TriNet Group by 0.7% during the third quarter. Envestnet Asset Management Inc. now owns 49,756 shares of the business services provider’s stock valued at $3,328,000 after acquiring an additional 370 shares during the last quarter. Finally, Quarry LP lifted its position in TriNet Group by 524.7% during the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 383 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TNET. JPMorgan Chase & Co. increased their target price on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Zacks Research raised shares of TriNet Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings raised shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. TD Cowen increased their target price on shares of TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus decreased their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, February 13th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, TriNet Group currently has an average rating of “Reduce” and an average target price of $55.20.

Insider Activity

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the firm’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total value of $28,690.50. Following the completion of the transaction, the senior vice president owned 55,750 shares of the company’s stock, valued at approximately $2,063,865. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.00% of the company’s stock.

TriNet Group Trading Down 4.5%

NYSE TNET opened at $39.61 on Thursday. The company has a fifty day simple moving average of $38.64 and a two-hundred day simple moving average of $49.76. The stock has a market cap of $1.82 billion, a P/E ratio of 11.82 and a beta of 1.02. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-month high of $86.78. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.64. The business had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The business’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter last year, the company posted $1.99 earnings per share. 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 year.

TriNet Group Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were issued a $0.29 dividend. This is an increase from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend was Wednesday, April 1st. TriNet Group’s dividend payout ratio is 34.63%.

TriNet Group declared that its board has initiated a share buyback program on Thursday, February 12th that authorizes the company to repurchase $400.00 million in shares. This repurchase authorization authorizes the business services provider to buy up to 18.4% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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.