15,206 Shares in TriNet Group, Inc. $TNET Purchased by EFG International AG

EFG International AG bought a new position in TriNet Group, Inc. (NYSE:TNET) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 15,206 shares of the business services provider’s stock, valued at approximately $753,000.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of TriNet Group by 640.3% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,818 shares of the business services provider’s stock valued at $1,881,000 after acquiring an additional 27,520 shares during the last quarter. Arrowstreet Capital Limited Partnership purchased a new position in shares of TriNet Group during the first quarter valued at approximately $1,267,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of TriNet Group by 5,911,158.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock valued at $41,944,000 after purchasing an additional 709,339 shares during the last quarter. GSA Capital Partners LLP bought a new position in TriNet Group during the second quarter valued at approximately $3,602,000. Finally, Y Intercept Hong Kong Ltd lifted its position in TriNet Group by 77.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 59,638 shares of the business services provider’s stock valued at $2,173,000 after purchasing an additional 26,099 shares during the period. Institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Performance

NYSE:TNET opened at $69.43 on Friday. The stock has a 50-day simple moving average of $61.22 and a two-hundred day simple moving average of $47.99. TriNet Group, Inc. has a 52-week low of $33.60 and a 52-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 firm has a market capitalization of $3.19 billion, a PE ratio of 18.56 and a beta of 0.95.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data 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. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the company earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Analysts forecast that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Investors 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 is currently 31.02%.

Insiders Place Their Bets

In other TriNet Group news, Director Wayne B. Lowell sold 5,773 shares of the company’s stock in a transaction that occurred 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 directly owned 86,449 shares in the company, valued at $5,939,910.79. This represents a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 transaction of $53,110.75. Following the completion of the sale, the senior vice president directly owned 53,212 shares of the company’s stock, valued at approximately $3,646,618.36. This trade represents a 1.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 7,616 shares of company stock worth $524,320. Company insiders own 40.00% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on TNET shares. Truist Financial raised their target price on shares of TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. TD Cowen boosted 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. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Finally, UBS Group cut their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, TriNet Group presently has an average rating of “Hold” and an average target price of $56.80.

TriNet Group 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.