TriNet Group, Inc. $TNET Shares Sold by Earnest Partners LLC

Earnest Partners LLC lessened its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 3.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 868,706 shares of the business services provider’s stock after selling 26,899 shares during the period. Earnest Partners LLC’s holdings in TriNet Group were worth $58,108,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in TNET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in TriNet Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock worth $1,506,000 after purchasing an additional 819 shares during the period. Millennium Management LLC boosted its stake in shares of TriNet Group by 3,995.7% in the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock worth $11,008,000 after buying an additional 135,534 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in TriNet Group by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider’s stock worth $6,068,000 after acquiring an additional 470 shares during the period. Jane Street Group LLC acquired a new stake in TriNet Group during the first quarter worth about $3,204,000. Finally, Intech Investment Management LLC raised its position in TriNet Group by 10.3% during the first quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider’s stock valued at $1,336,000 after acquiring an additional 1,577 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction on Friday, January 9th. The shares were sold at an average price of $61.86, for a total value of $47,941.50. Following the completion of the sale, the senior vice president owned 19,853 shares of the company’s stock, valued at approximately $1,228,106.58. The trade was a 3.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 37.10% of the company’s stock.

Analyst Ratings Changes

TNET has been the subject of a number of analyst reports. Stifel Nicolaus decreased their price target on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. Zacks Research cut shares of TriNet Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. TD Cowen lowered their price target on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Finally, Truist Financial assumed coverage on shares of TriNet Group in a research report on Friday, December 5th. They set a “hold” rating and a $62.00 price target on the stock. One investment analyst has rated the stock with a Buy rating, three have given a Hold rating and three have given a Sell rating to the stock. According to MarketBeat, the company currently has an average rating of “Reduce” and a consensus price target of $65.80.

TriNet Group Stock Performance

Shares of TNET stock opened at $36.37 on Monday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-month high of $88.56. The business’s 50 day moving average is $50.15 and its two-hundred day moving average is $57.76. The company has a market capitalization of $1.72 billion, a P/E ratio of 11.51 and a beta of 0.87.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, February 12th. The business services provider reported $0.46 EPS for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The business’s revenue was down 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group announced that its Board of Directors has initiated a stock buyback plan on Thursday, February 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to reacquire up to 18.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are 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.