Ieq Capital LLC Acquires New Holdings in TriNet Group, Inc. $TNET

Ieq Capital LLC bought a new position in TriNet Group, Inc. (NYSE:TNET) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 65,946 shares of the business services provider’s stock, valued at approximately $3,264,000. Ieq Capital LLC owned about 0.14% of TriNet Group at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in shares of TriNet Group in the 2nd quarter worth $128,161,000. Boston Partners bought a new position in TriNet Group in the third quarter valued at about $97,712,000. Earnest Partners LLC lifted its holdings in TriNet Group by 3.4% in the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock valued at $53,118,000 after acquiring an additional 29,613 shares during the period. Dimensional Fund Advisors LP boosted its position in TriNet Group by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock worth $52,845,000 after purchasing an additional 5,036 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in TriNet Group by 5,911,158.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after purchasing an additional 709,339 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Down 1.3%

NYSE TNET opened at $69.60 on Tuesday. TriNet Group, Inc. has a 52 week low of $33.60 and a 52 week high of $73.07. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The company has a market capitalization of $3.19 billion, a P/E ratio of 18.61 and a beta of 0.95. The stock’s 50-day moving average price is $59.78 and its 200-day moving average price is $47.70.

TriNet Group (NYSE:TNET) last released its earnings results 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 company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter last year, the business earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, equities research analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current year.

TriNet Group Dividend Announcement

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

Insider Activity

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

Wall Street Analyst Weigh In

TNET has been the subject of a number of recent research reports. Weiss Ratings downgraded TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, August 11th. Truist Financial boosted their target price on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. TD Cowen lifted their price target 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. Finally, UBS Group cut their price objective on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. One investment analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Reduce” and a consensus price target 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.