OMERS ADMINISTRATION Corp Invests $765,000 in TriNet Group, Inc. $TNET

OMERS ADMINISTRATION Corp bought a new position in shares of TriNet Group, Inc. (NYSE:TNET) in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 15,450 shares of the business services provider’s stock, valued at approximately $765,000.

A number of other hedge funds have also added to or reduced their stakes in TNET. Connor Clark & Lunn Investment Management Ltd. bought a new position in TriNet Group in the second quarter valued at $1,538,000. Ieq Capital LLC bought a new stake in TriNet Group during the 2nd quarter worth about $3,264,000. Heron Bay Capital Management acquired a new position in shares of TriNet Group during the 2nd quarter worth about $12,810,000. Allworth Financial LP acquired a new position in shares of TriNet Group during the 2nd quarter worth about $115,000. Finally, Vise Technologies Inc. bought a new position in shares of TriNet Group in the 2nd quarter valued at about $567,000. Institutional investors own 96.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on TNET shares. UBS Group lowered 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. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday. Truist Financial boosted their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. TD Cowen upped their price objective on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, JPMorgan Chase & Co. upped their price objective on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, TriNet Group has a consensus rating of “Hold” and an average target price of $56.80.

TriNet Group Price Performance

NYSE:TNET opened at $69.43 on Friday. 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 stock’s 50 day moving average price is $61.22 and its two-hundred day moving average price is $47.99. The firm has a market capitalization of $3.19 billion, a price-to-earnings ratio of 18.56 and a beta of 0.95. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-month high of $73.07.

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

TriNet Group Dividend Announcement

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

Insiders Place Their Bets

In other news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the transaction, the senior vice president directly owned 53,212 shares of the company’s stock, valued at $3,646,618.36. This represents a 1.44% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anthony Shea Treadway sold 1,068 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total transaction of $74,546.40. Following the sale, the senior vice president owned 65,506 shares of the company’s stock, valued at approximately $4,572,318.80. This represents a 1.60% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 7,616 shares of company stock valued at $524,320 over the last ninety days. 40.00% of the stock is currently owned by company insiders.

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.