Vanguard Group Inc. Reduces Stake in TriNet Group, Inc. $TNET

Vanguard Group Inc. decreased its holdings in shares of TriNet Group, Inc. (NYSE:TNET) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,883,188 shares of the business services provider’s stock after selling 38,704 shares during the quarter. Vanguard Group Inc. owned approximately 6.00% of TriNet Group worth $192,856,000 at the end of the most recent quarter.

Several other hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its holdings in shares of TriNet Group by 19.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after buying an additional 387,940 shares in the last quarter. American Century Companies Inc. lifted its position in TriNet Group by 35.2% in the second quarter. American Century Companies Inc. now owns 1,160,037 shares of the business services provider’s stock valued at $84,845,000 after acquiring an additional 301,832 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in TriNet Group by 10.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 715,840 shares of the business services provider’s stock valued at $47,883,000 after acquiring an additional 67,210 shares in the last quarter. Cubist Systematic Strategies LLC grew its holdings in shares of TriNet Group by 23.0% during the second quarter. Cubist Systematic Strategies LLC now owns 252,065 shares of the business services provider’s stock worth $18,436,000 after purchasing an additional 47,087 shares during the last quarter. Finally, Royal London Asset Management Ltd. increased its position in shares of TriNet Group by 3.8% during the second quarter. Royal London Asset Management Ltd. now owns 244,231 shares of the business services provider’s stock worth $17,796,000 after purchasing an additional 9,048 shares in the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently issued reports on TNET shares. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. Stifel Nicolaus reduced their price objective on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Truist Financial began coverage on TriNet Group in a report on Friday, December 5th. They issued a “hold” rating and a $62.00 price objective for the company. Zacks Research cut shares of TriNet Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Finally, TD Cowen reduced their price target on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat, TriNet Group currently has a consensus rating of “Reduce” and a consensus target price of $65.80.

TriNet Group Price Performance

TriNet Group stock opened at $38.03 on Monday. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50 day simple moving average of $54.42 and a 200-day simple moving average of $59.89. TriNet Group, Inc. has a 12 month low of $33.60 and a 12 month high of $88.56. The stock has a market capitalization of $1.80 billion, a PE ratio of 12.04 and a beta of 0.87.

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

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 2nd were issued a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend was Friday, January 2nd. TriNet Group’s dividend payout ratio is currently 34.81%.

TriNet Group declared that its Board of Directors has authorized a share buyback program on Thursday, February 12th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to buy up to 18.4% of its shares through open market purchases. Shares buyback programs are typically a sign that the company’s board of directors believes its stock is undervalued.

Insider Buying and Selling

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $61.86, for a total value of $47,941.50. Following 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 document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 37.10% of the stock is currently owned by insiders.

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.