Algert Global LLC Raises Stock Position in TriNet Group, Inc. $TNET

Key Points

• Algert Global significantly increased its TriNet Group stake by 2,638.7% in the second quarter, bringing its holdings to 194,450 shares valued at approximately $9.6 million. Institutional investors collectively own 96.81% of the company.
• Analyst sentiment remains cautious: TriNet has a consensus “Reduce” rating, with one Buy, four Hold, and two Sell ratings and an average price target of $56.80, below the stock’s reported $69.56 opening price.
• TriNet reported strong quarterly earnings of $1.55 per share, beating estimates of $0.93, while revenue matched expectations at $1.18 billion. The company also maintains a quarterly dividend of $0.29 per share, equivalent to a 1.7% annual yield.

Algert Global LLC lifted its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 2,638.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 194,450 shares of the business services provider's stock after purchasing an additional 187,350 shares during the period. Algert Global LLC owned 0.42% of TriNet Group worth $9,623,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of TriNet Group in the 2nd quarter worth approximately $128,161,000. Boston Partners bought a new stake in shares of TriNet Group during the third quarter valued at approximately $97,712,000. Earnest Partners LLC grew its stake in TriNet Group by 3.4% in the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider's stock worth $53,118,000 after purchasing an additional 29,613 shares during the period. Dimensional Fund Advisors LP grew its stake in TriNet Group by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider's stock worth $52,845,000 after purchasing an additional 5,036 shares during the period. Finally, Northwestern Mutual Wealth Management Co. grew its stake in TriNet Group by 5,911,158.3% in 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. 96.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, SVP Sidney A. Majalya sold 775 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the completion of the transaction, the senior vice president directly owned 53,212 shares in the company, valued at $3,646,618.36. The trade was a 1.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of the company'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 completion of the transaction, the director directly owned 86,449 shares in the company, valued at $5,939,910.79. This trade represents a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,616 shares of company stock worth $524,320 over the last 90 days. 40.00% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several brokerages have commented on TNET. Truist Financial raised their price objective on TriNet Group from $50.00 to $62.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. Weiss Ratings downgraded shares of TriNet Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. TD Cowen upped their target price on shares of TriNet Group from $46.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday, June 26th. UBS Group decreased their price target on shares of TriNet Group from $62.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, May 5th. 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 research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, TriNet Group currently has a consensus rating of "Reduce" and an average target price of $56.80.

TriNet Group Stock Performance

TriNet Group stock opened at $69.56 on Wednesday. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $73.07. 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 company has a market capitalization of $3.19 billion, a P/E ratio of 18.60 and a beta of 0.95. The stock's 50 day moving average is $60.24 and its 200 day moving average is $47.79.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.62. The firm 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 in the previous year, the firm earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, equities research analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were paid a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Wednesday, July 1st. TriNet Group's dividend payout ratio is currently 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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