Y Intercept Hong Kong Ltd Boosts Holdings in TriNet Group, Inc. $TNET

Y Intercept Hong Kong Ltd lifted its holdings in TriNet Group, Inc. (NYSE:TNET) by 77.8% in the first quarter, HoldingsChannel reports. The fund owned 59,638 shares of the business services provider’s stock after buying an additional 26,099 shares during the period. Y Intercept Hong Kong Ltd’s holdings in TriNet Group were worth $2,173,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Quarry LP boosted its position in TriNet Group by 524.7% during the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after buying an additional 383 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in TriNet Group during the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd grew its position in TriNet Group by 160.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after acquiring an additional 295 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its position in TriNet Group by 45.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after acquiring an additional 201 shares during the last quarter. Finally, Cache Advisors LLC purchased a new position in TriNet Group in the 1st quarter worth approximately $36,000. Institutional investors own 96.81% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on the stock. UBS Group cut their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Weiss Ratings upgraded shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. TD Cowen increased their target price on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised their target price on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Reduce” and an average price target of $55.80.

TriNet Group Stock Down 1.5%

Shares of TriNet Group stock opened at $54.99 on Thursday. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-month high of $73.32. The company has a market cap of $2.53 billion, a P/E ratio of 16.41 and a beta of 0.99. The company’s fifty day simple moving average is $46.00 and its two-hundred day simple moving average is $46.66.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Research analysts anticipate that TriNet Group, Inc. will post 3.55 EPS for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 2.1%. TriNet Group’s dividend payout ratio is currently 34.63%.

Insider Activity at TriNet Group

In other news, SVP Anthony Shea Treadway sold 933 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total value of $40,548.18. Following the completion of the transaction, the senior vice president owned 67,678 shares in the company, valued at $2,941,285.88. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is currently owned by 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.