Canada Pension Plan Investment Board Buys Shares of 15,100 TriNet Group, Inc. $TNET

Key Points

• Canada Pension Plan Investment Board acquired 15,100 TriNet Group shares worth approximately $747,000 in the second quarter. Institutional investors collectively own 96.81% of the company.
• TriNet insiders sold 10,016 shares valued at $691,600 over the past 90 days, including sales by a senior vice president and a director under a Rule 10b5-1 plan.
• Analysts maintain a consensus “Hold” rating with an average price target of $56.80, while TriNet recently reported quarterly EPS of $1.55, well above the $0.93 consensus estimate.

Canada Pension Plan Investment Board purchased a new position in TriNet Group, Inc. (NYSE:TNET - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 15,100 shares of the business services provider's stock, valued at approximately $747,000.

Several other large investors also recently made changes to their positions in TNET. Universal Beteiligungs und Servicegesellschaft mbH increased its holdings in shares of TriNet Group by 3.2% during the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider's stock valued at $350,000 after acquiring an additional 185 shares during the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in TriNet Group by 160.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider's stock worth $28,000 after purchasing an additional 295 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in TriNet Group by 5.9% in the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider's stock worth $413,000 after purchasing an additional 317 shares during the last quarter. ProShare Advisors LLC boosted its position in TriNet Group by 6.8% during the fourth quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider's stock worth $323,000 after purchasing an additional 346 shares during the period. Finally, Quarry LP boosted its position in TriNet Group by 524.7% during the third quarter. Quarry LP now owns 456 shares of the business services provider's stock worth $31,000 after purchasing an additional 383 shares during the period. Institutional investors own 96.81% of the company's stock.

Insider Activity at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 1,068 shares of the firm's stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total value of $74,546.40. Following the sale, the senior vice president directly owned 65,506 shares in the company, valued at $4,572,318.80. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a document filed with the SEC, 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 business's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total transaction of $396,662.83. Following the transaction, the director owned 86,449 shares in the company, valued at approximately $5,939,910.79. The trade was a 6.26% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 10,016 shares of company stock valued at $691,600 in the last 90 days. 40.00% of the stock is owned by company insiders.

Analysts Set New Price Targets

TNET has been the topic of a number of recent analyst reports. UBS Group dropped their price target on shares of TriNet Group from $62.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. Truist Financial upped their price objective on shares of TriNet Group from $50.00 to $62.00 and gave the stock 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. Weiss Ratings upgraded shares of TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. Finally, Zacks Research downgraded shares of TriNet Group from a "strong-buy" rating to a "hold" rating in a report on Friday, July 3rd. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $56.80.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $66.74 on Wednesday. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 17.84 and a beta of 0.94. The business has a 50 day moving average price of $62.69 and a 200 day moving average price of $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. 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 issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.62. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.The company had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. During the same period in the previous year, the company earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Research analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current year.

TriNet Group Dividend Announcement

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

TriNet Group 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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