4,805 Shares in TriNet Group, Inc. $TNET Bought by Cinctive Capital Management LP

Key Points

• Cinctive Capital Management LP has invested approximately $381,000 in TriNet Group, acquiring 4,805 shares during the first quarter.
• Recent modifications in holdings by institutional investors include GAMMA Investing LLC and Bank of New York Mellon Corp, which significantly increased their positions in TriNet Group.
• TriNet Group declared a quarterly dividend of $0.275 per share, representing an annualized dividend of $1.10 and a yield of 1.6%.

Cinctive Capital Management LP purchased a new stake in TriNet Group, Inc. (NYSE:TNET - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 4,805 shares of the business services provider's stock, valued at approximately $381,000.

A number of other large investors have also recently modified their holdings of TNET. LRI Investments LLC increased its position in shares of TriNet Group by 643.8% in the fourth quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock worth $60,000 after purchasing an additional 573 shares during the last quarter. PNC Financial Services Group Inc. grew its stake in 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 in the last quarter. AlphaQuest LLC grew its stake in TriNet Group by 633.5% in the 1st quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider's stock worth $196,000 after buying an additional 2,135 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TriNet Group in the 1st quarter worth $206,000. Finally, Xponance Inc. raised its position in shares of 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 buying an additional 157 shares in the last quarter. Institutional investors own 96.81% of the company's stock.

TriNet Group Price Performance

TNET traded up $3.55 during midday trading on Thursday, hitting $71.55. The stock had a trading volume of 261,641 shares, compared to its average volume of 394,331. TriNet Group, Inc. has a 1 year low of $62.55 and a 1 year high of $99.78. 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 business has a fifty day moving average of $67.85 and a 200 day moving average of $74.55. The company has a market cap of $3.48 billion, a P/E ratio of 24.59 and a beta of 0.84.

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 for the quarter, topping analysts' consensus estimates of $1.03 by $0.12. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. The firm had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. During the same period in the previous year, the business posted $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities analysts forecast that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, Director Ralph A. Clark sold 3,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The shares were sold at an average price of $66.42, for a total transaction of $199,260.00. Following the completion of the sale, the director directly owned 9,390 shares in the company, valued at $623,683.80. This represents a 24.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction dated 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 transaction, the director owned 38,440 shares in the company, valued at approximately $2,467,079.20. This represents a 1.54% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 8,395 shares of company stock valued at $560,612. 38.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. dropped their price objective on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, TriNet Group presently has a consensus rating of "Reduce" and a consensus 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.