GSA Capital Partners LLP Acquires New Position in TriNet Group, Inc. $TNET

GSA Capital Partners LLP acquired a new stake in TriNet Group, Inc. (NYSE:TNET) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 72,783 shares of the business services provider’s stock, valued at approximately $3,602,000. GSA Capital Partners LLP owned about 0.16% of TriNet Group as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of TriNet Group by 3.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock valued at $350,000 after purchasing an additional 185 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of TriNet Group by 45.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after purchasing an additional 201 shares during the last quarter. Caitong International Asset Management Co. Ltd grew its stake in shares of TriNet Group by 160.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after purchasing an additional 295 shares during the period. Quantinno Capital Management LP grew its stake in shares of 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 worth $413,000 after purchasing an additional 317 shares during the period. Finally, ProShare Advisors LLC increased its holdings in TriNet Group by 6.8% in the fourth quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock valued at $323,000 after purchasing an additional 346 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Price Performance

TNET opened at $68.67 on Friday. The stock has a market cap of $3.15 billion, a P/E ratio of 18.36 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. 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 fifty day simple moving average of $57.16 and a 200 day simple moving average of $47.41.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share 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 analyst estimates of $1.18 billion. During the same period in the previous year, the company posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, research analysts expect that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

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

Insider Activity

In related news, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the completion of the sale, the senior vice president directly owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This represents a 1.36% decrease in their position. The transaction 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, Director Wayne B. Lowell sold 5,773 shares of the firm’s stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total transaction of $396,662.83. Following the sale, the director owned 86,449 shares in the company, valued at $5,939,910.79. This trade represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 40.00% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on TNET. TD Cowen increased their target price on 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 research note on Friday, July 3rd. UBS Group lowered their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research note on Tuesday, May 5th. Weiss Ratings downgraded shares of TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. Finally, Truist Financial lifted their price objective on shares of TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have assigned a Sell rating to the company. According to MarketBeat, TriNet Group has an average rating of “Reduce” and an average 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.