27,788 Shares in TriNet Group, Inc. $TNET Bought by PDT Partners LLC

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

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA increased its holdings in TriNet Group by 11.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,123,201 shares of the business services provider's stock worth $168,242,000 after acquiring an additional 225,196 shares in the last quarter. Wellington Management Group LLP increased its holdings in TriNet Group by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider's stock worth $160,203,000 after acquiring an additional 394,847 shares in the last quarter. American Century Companies Inc. increased its holdings in TriNet Group by 183.3% in the 1st quarter. American Century Companies Inc. now owns 858,205 shares of the business services provider's stock worth $68,004,000 after acquiring an additional 555,258 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in TriNet Group by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 519,774 shares of the business services provider's stock worth $41,187,000 after acquiring an additional 25,938 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. purchased a new stake in TriNet Group in the 1st quarter worth $27,037,000. Hedge funds and other institutional investors own 96.81% of the company's stock.

TriNet Group Price Performance

TriNet Group stock opened at $71.23 on Wednesday. TriNet Group, Inc. has a 52-week low of $62.55 and a 52-week high of $102.90. The firm has a market capitalization of $3.46 billion, a price-to-earnings ratio of 24.48 and a beta of 0.84. The company has a fifty day simple moving average of $68.34 and a 200-day simple moving average of $74.63. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36.

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 analysts' consensus estimates of $1.03 by $0.12. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. The business had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. During the same quarter in the prior year, the firm earned $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, equities analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st were issued 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 1.5%. TriNet Group's dividend payout ratio is presently 37.80%.

Insider Buying and Selling at TriNet Group

In other news, SVP Sidney A. Majalya sold 775 shares of the company's stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.80, for a total transaction of $53,320.00. Following the completion of the sale, the senior vice president owned 21,708 shares of the company's stock, valued at $1,493,510.40. This represents a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Anthony Shea Treadway sold 2,583 shares of the company's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $66.07, for a total transaction of $170,658.81. Following the completion of the sale, the senior vice president directly owned 29,437 shares of the company's stock, valued at $1,944,902.59. This represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 8,395 shares of company stock valued at $560,612. 37.10% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. cut their price target on shares of 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 issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $96.33.

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.

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