77,530 Shares in TriNet Group, Inc. $TNET Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP acquired 77,530 shares of TriNet Group in the second quarter, valued at approximately $3.84 million. Institutional investors collectively own 96.81% of the company.
• Analysts remain cautious, with one Buy, five Hold, and one Sell rating; the stock has an average rating of Hold and a consensus price target of $56.80.
• TriNet reported quarterly EPS of $1.55, beating estimates by $0.62, and maintains a quarterly dividend of $0.29 per share, equal to a 1.7% annualized yield. The stock recently traded at $66.74, near its 12-month high of $73.07.

Corient Private Wealth LP acquired a new stake in TriNet Group, Inc. (NYSE:TNET - Free Report) in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 77,530 shares of the business services provider's stock, valued at approximately $3,837,000. Corient Private Wealth LP owned about 0.17% of TriNet Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Mitsubishi UFJ Trust & Banking Corp grew its holdings in TriNet Group by 640.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,818 shares of the business services provider's stock worth $1,881,000 after acquiring an additional 27,520 shares during the last quarter. Arrowstreet Capital Limited Partnership bought a new position in shares of TriNet Group during the first quarter valued at about $1,267,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TriNet Group by 5,911,158.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider's stock worth $41,944,000 after purchasing an additional 709,339 shares during the period. GSA Capital Partners LLP bought a new stake in shares of TriNet Group in the second quarter worth about $3,602,000. Finally, Y Intercept Hong Kong Ltd increased its holdings in TriNet Group by 77.8% during the 1st quarter. Y Intercept Hong Kong Ltd now owns 59,638 shares of the business services provider's stock valued at $2,173,000 after purchasing an additional 26,099 shares during the period. Institutional investors own 96.81% of the company's stock.

Analyst Upgrades and Downgrades

TNET has been the subject of several research analyst reports. Weiss Ratings upgraded TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a report on Tuesday, August 25th. Truist Financial lifted their price target on shares of TriNet Group from $50.00 to $62.00 and gave the company a "hold" rating in a report on Wednesday, July 22nd. TD Cowen upped their price objective 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. JPMorgan Chase & Co. raised their target price on shares of TriNet Group from $45.00 to $50.00 and gave the stock an "underweight" rating in a research report on Friday, July 31st. Finally, Zacks Research cut shares of TriNet Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 3rd. One analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $56.80.

Insider Buying and Selling at TriNet Group

In related news, SVP Anthony Shea Treadway sold 1,068 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total value of $74,546.40. Following the sale, the senior vice president owned 65,506 shares in the company, valued at $4,572,318.80. This represents a 1.60% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of the firm's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the transaction, the director directly owned 86,449 shares of the company's stock, valued at approximately $5,939,910.79. This trade represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,016 shares of company stock worth $691,600 over the last three months. Company insiders own 40.00% of the company's stock.

TriNet Group Price Performance

Shares of TNET stock opened at $66.74 on Wednesday. The business's fifty day moving average is $62.69 and its 200 day moving average is $48.40. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The stock has a market cap of $3.06 billion, a price-to-earnings ratio of 17.84 and a beta of 0.94. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $73.07.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating the consensus estimate of $0.93 by $0.62. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same quarter last year, the firm posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Research analysts expect that TriNet Group, Inc. will post 3.87 EPS for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st were issued a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date was Wednesday, July 1st. TriNet Group's dividend payout ratio is 31.02%.

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.

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