Algert Global LLC Acquires New Stake in TriNet Group, Inc. $TNET

Key Points

• Algert Global LLC has acquired a new stake in TriNet Group, purchasing 39,140 shares valued at approximately $3.1 million.
• JPMorgan Chase & Co. has downgraded its price target for TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock, reflecting cautious sentiment among analysts.
• TriNet Group reported earnings of $1.15 per share for the recent quarter, surpassing analysts' expectations, and announced a quarterly dividend of $0.275, providing a dividend yield of 1.7%.

Algert Global LLC bought 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 SEC. The institutional investor bought 39,140 shares of the business services provider's stock, valued at approximately $3,101,000. Algert Global LLC owned approximately 0.08% of TriNet Group as of its most recent filing with the SEC.

Several other institutional investors have also recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its position in shares of 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. American Century Companies Inc. raised its position in shares of 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. Dimensional Fund Advisors LP raised its position in shares of TriNet Group by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,410 shares of the business services provider's stock worth $75,196,000 after acquiring an additional 22,114 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of 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, ArrowMark Colorado Holdings LLC bought a new position in shares of TriNet Group in the 4th quarter worth approximately $35,567,000. Institutional investors own 96.81% of the company's stock.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. reduced their price objective on TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a research 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 data from MarketBeat, the stock presently has an average rating of "Reduce" and an average price target of $96.33.

TriNet Group Stock Up 1.5%

TNET stock traded up $1.02 on Tuesday, reaching $69.59. 493,034 shares of the company traded hands, compared to its average volume of 489,146. TriNet Group, Inc. has a one year low of $62.55 and a one year high of $104.06. The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.10. The company has a market cap of $3.38 billion, a P/E ratio of 23.91 and a beta of 0.83. The firm has a fifty day simple moving average of $68.66 and a 200-day simple moving average of $75.16.

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

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st were issued a $0.275 dividend. 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%.

Insiders Place Their Bets

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $64.18, for a total value of $38,508.00. Following the completion of the sale, the director owned 38,440 shares of the company's stock, valued at approximately $2,467,079.20. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ralph A. Clark sold 3,000 shares of TriNet Group stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.42, for a total value of $199,260.00. Following the completion of the sale, the director directly owned 9,390 shares of the company's stock, valued at approximately $623,683.80. The trade was a 24.21% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 6,183 shares of company stock valued at $408,427. Corporate insiders own 37.10% of the company's stock.

TriNet Group 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.