Capital Fund Management S.A. Purchases Shares of 33,883 TriNet Group, Inc. $TNET

Key Points

• Capital Fund Management S.A. acquired 33,883 new shares of TriNet Group, valued at approximately $2.68 million, representing a 0.07% ownership stake.
• TriNet Group reported a quarterly earnings per share of $1.15, exceeding analysts' expectations of $1.03, with revenues of $282.90 million for the quarter.
• TriNet recently declared a quarterly dividend of $0.275 per share, with a payout ratio of 37.80%, reflecting a 1.6% dividend yield.

Capital Fund Management S.A. purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 33,883 shares of the business services provider's stock, valued at approximately $2,685,000. Capital Fund Management S.A. owned approximately 0.07% of TriNet Group at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. LRI Investments LLC boosted its position in TriNet Group by 643.8% in the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after buying an additional 573 shares during the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of TriNet Group by 58.4% in the first quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider's stock worth $182,000 after acquiring an additional 845 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in TriNet Group in the first quarter valued at about $206,000. Xponance Inc. grew its stake in TriNet Group by 6.4% during the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock valued at $207,000 after purchasing an additional 157 shares in the last quarter. Finally, AE Wealth Management LLC purchased a new stake in TriNet Group during the 1st quarter worth approximately $208,000. Hedge funds and other institutional investors own 96.81% of the company's stock.

Insider Activity

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $64.18, for a total value of $38,508.00. Following the transaction, the director owned 38,440 shares of the company's stock, valued at $2,467,079.20. This trade represents a 1.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, SVP Sidney A. Majalya sold 775 shares of the company's stock in a transaction that occurred on Monday, August 25th. The shares were sold at an average price of $68.80, for a total value of $53,320.00. Following the transaction, the senior vice president directly owned 21,708 shares of the company's stock, valued at $1,493,510.40. This trade represents a 3.45% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 8,395 shares of company stock valued at $560,612 over the last quarter. Corporate insiders own 38.10% of the company's stock.

TriNet Group Stock Performance

Shares of NYSE TNET traded up $1.38 during trading on Friday, reaching $72.44. The stock had a trading volume of 392,287 shares, compared to its average volume of 466,034. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. The stock has a market cap of $3.52 billion, a PE ratio of 24.89 and a beta of 0.83. TriNet Group, Inc. has a one year low of $62.55 and a one year high of $104.06. The firm's 50 day moving average price is $68.46 and its two-hundred day moving average price is $74.72.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.12. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%.The firm had revenue of $282.90 million for the quarter, compared to analysts' expectations of $278.93 million. During the same period last year, the business posted $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, research analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 1st were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend was Tuesday, July 1st. TriNet Group's dividend payout ratio is currently 37.80%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. reduced their target price on TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a research note on Monday, July 28th. Two research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of "Reduce" and an average 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.