Capital Fund Management S.A. Makes New Investment in 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. bought a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 33,883 shares of the business services provider's stock, valued at approximately $2,685,000. Capital Fund Management S.A. owned 0.07% of TriNet Group as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. LRI Investments LLC raised its stake in shares of TriNet Group by 643.8% during the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock worth $60,000 after acquiring an additional 573 shares in the last quarter. PNC Financial Services Group Inc. grew its position in shares of TriNet Group by 58.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider's stock worth $182,000 after buying an additional 845 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in TriNet Group in the 1st quarter worth about $206,000. Xponance Inc. boosted its stake in TriNet Group by 6.4% in the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock worth $207,000 after purchasing an additional 157 shares in the last quarter. Finally, AE Wealth Management LLC bought a new position in TriNet Group during the 1st quarter valued at about $208,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Trading Down 0.1%

TNET traded down $0.05 during trading on Thursday, reaching $71.08. The company had a trading volume of 420,226 shares, compared to its average volume of 448,668. The stock has a market cap of $3.45 billion, a P/E ratio of 24.42 and a beta of 0.83. The business has a 50 day simple moving average of $68.58 and a 200-day simple moving average of $75.13. TriNet Group, Inc. has a 52 week low of $62.55 and a 52 week high of $104.06. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share 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 business had revenue of $282.90 million during the quarter, compared to the consensus estimate of $278.93 million. During the same period last year, the company earned $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, equities analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

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

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their price objective on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock in a research note on Monday, July 28th. Two research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Reduce" and a consensus price target of $96.33.

Insider Activity

In other news, SVP Anthony Shea Treadway sold 2,583 shares of the firm's stock in a transaction on Tuesday, August 19th. The stock was sold at an average price of $66.07, for a total transaction of $170,658.81. Following the transaction, the senior vice president owned 29,437 shares in the company, valued at approximately $1,944,902.59. This trade represents a 8.07% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group 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 completion of the transaction, the director owned 38,440 shares in the company, valued at $2,467,079.20. This trade represents a 1.54% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 8,395 shares of company stock valued at $560,612. Company insiders own 38.10% of the company's stock.

About TriNet Group

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.