PDT Partners LLC Acquires New Stake in TriNet Group, Inc. $TNET

Key Points

• PDT Partners LLC acquired 27,788 shares of TriNet Group, valued at approximately $2.2 million, as part of their 1st quarter investment strategy.
• TriNet Group reported strong earnings, with EPS of $1.15 for the quarter, exceeding estimates, while forecasting FY 2025 EPS guidance between 3.250-4.750.
• The company announced a quarterly dividend of $0.275 per share, reflecting an annualized yield of 1.5%, with a payout ratio of 37.80%.

PDT Partners LLC acquired a new position in TriNet Group, Inc. (NYSE:TNET - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 27,788 shares of the business services provider's stock, valued at approximately $2,202,000. PDT Partners LLC owned about 0.06% of TriNet Group at the end of the most recent reporting period.

A number of other large investors have also made changes to their positions in TNET. LRI Investments LLC grew its position in TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after purchasing an additional 573 shares in the last quarter. PNC Financial Services Group Inc. lifted its holdings in shares of TriNet Group by 58.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider's stock worth $182,000 after acquiring an additional 845 shares during the last quarter. AlphaQuest LLC lifted its stake in shares of TriNet Group by 633.5% in the 1st quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider's stock valued at $196,000 after acquiring an additional 2,135 shares during the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TriNet Group during the first quarter valued at $206,000. Finally, Xponance Inc. raised its holdings in TriNet Group by 6.4% during the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock worth $207,000 after purchasing an additional 157 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. decreased their price objective on TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a report on Monday, July 28th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of "Reduce" and a consensus target price of $96.33.

Insider Buying and Selling

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.80, for a total value of $98,865.60. Following the sale, the chief technology officer directly owned 30,424 shares of the company's stock, valued at $2,093,171.20. The trade was a 4.51% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.80, for a total value of $53,320.00. Following the completion of the sale, the senior vice president owned 21,708 shares in the company, valued at $1,493,510.40. This represents a 3.45% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 8,395 shares of company stock worth $560,612 in the last quarter. 37.10% of the stock is owned by insiders.

TriNet Group Price Performance

TriNet Group stock traded down $1.10 during mid-day trading on Monday, hitting $69.56. The stock had a trading volume of 39,884 shares, compared to its average volume of 443,979. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. The firm has a market capitalization of $3.38 billion, a P/E ratio of 23.91 and a beta of 0.84. TriNet Group, Inc. has a one year low of $62.55 and a one year high of $99.78. The firm's 50 day moving average is $68.24 and its 200 day moving average is $74.61.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.12. The firm had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. During the same quarter last year, the business earned $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, sell-side analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st were paid a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.6%. TriNet Group's dividend payout ratio (DPR) is presently 37.80%.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.