TriNet Group (NYSE:TNET) SVP Sidney Majalya Sells 775 Shares

TriNet Group, Inc. (NYSE:TNET) SVP Sidney Majalya sold 775 shares of TriNet Group stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $61.86, for a total transaction of $47,941.50. Following the completion of the sale, the senior vice president owned 19,853 shares in the company, valued at approximately $1,228,106.58. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $61.60 on Wednesday. The firm’s 50 day moving average is $58.12 and its two-hundred day moving average is $63.63. The firm has a market capitalization of $2.96 billion, a P/E ratio of 22.73 and a beta of 0.82. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 8.14. TriNet Group, Inc. has a 52 week low of $54.22 and a 52 week high of $97.02.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.39. TriNet Group had a return on equity of 212.38% and a net margin of 2.64%.The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $261.92 million. During the same period in the previous year, the firm posted $1.17 earnings per share. The business’s revenue was down 1.6% on a year-over-year basis. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Friday, January 2nd will be paid a $0.275 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.10 annualized dividend and a dividend yield of 1.8%. TriNet Group’s dividend payout ratio is presently 40.59%.

Analyst Ratings Changes

Several research firms recently weighed in on TNET. Truist Financial assumed coverage on shares of TriNet Group in a report on Friday, December 5th. They issued a “hold” rating and a $62.00 price objective for the company. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, October 8th. Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. UBS Group dropped their target price on TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Finally, TD Cowen cut their target price on TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Five investment analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Reduce” and an average price target of $63.50.

Institutional Trading of TriNet Group

A number of hedge funds and other institutional investors have recently made changes to their positions in TNET. Mirae Asset Global Investments Co. Ltd. boosted its holdings in TriNet Group by 106.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock worth $30,000 after buying an additional 229 shares in the last quarter. Quarry LP lifted its position in shares of TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 383 shares during the last quarter. CWM LLC lifted its position in shares of TriNet Group by 140.5% during the 2nd quarter. CWM LLC now owns 582 shares of the business services provider’s stock valued at $43,000 after acquiring an additional 340 shares during the last quarter. Hilltop National Bank bought a new stake in shares of TriNet Group during the 2nd quarter worth $43,000. Finally, Steigerwald Gordon & Koch Inc. acquired a new position in shares of TriNet Group in the 3rd quarter worth $46,000. 96.81% of the stock is currently owned by institutional investors.

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.