Corient Private Wealth LP Buys 19,094 Shares of TriNet Group, Inc. $TNET

Key Points

• Corient Private Wealth increased its TriNet Group stake by 31% in the second quarter, buying 19,094 shares for a total of 80,708 shares valued at approximately $3.99 million. Institutional investors collectively own 96.81% of TNET.
• Analyst sentiment remains cautious, with one Buy, five Hold, and one Sell rating; the stock has an average rating of Hold and a consensus price target of $56.80, below its $67.16 opening price.
• TriNet reported quarterly EPS of $1.55, beating estimates of $0.93, and announced a quarterly dividend of $0.29 per share, equivalent to a 1.7% annualized yield.

Corient Private Wealth LP increased its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 31.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 80,708 shares of the business services provider's stock after purchasing an additional 19,094 shares during the period. Corient Private Wealth LP owned approximately 0.18% of TriNet Group worth $3,994,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in TNET. Kaydan Wealth Management Inc. acquired a new stake in shares of TriNet Group in the 2nd quarter valued at approximately $208,000. Nykredit A S bought a new position in shares of TriNet Group during the second quarter worth $55,000. Moore Capital Management LP grew its holdings in shares of TriNet Group by 16.4% in the 2nd quarter. Moore Capital Management LP now owns 159,336 shares of the business services provider's stock valued at $7,886,000 after buying an additional 22,500 shares during the period. Hsbc Holdings PLC grew its holdings in shares of TriNet Group by 47.0% in the 2nd quarter. Hsbc Holdings PLC now owns 18,333 shares of the business services provider's stock valued at $910,000 after buying an additional 5,860 shares during the period. Finally, Empowered Funds LLC acquired a new position in shares of TriNet Group in the 2nd quarter valued at $447,000. Institutional investors and hedge funds own 96.81% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on TNET. Weiss Ratings raised TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, August 25th. TD Cowen boosted their target price on TriNet Group from $46.00 to $49.00 and gave the company a "hold" rating in a research note on Friday, June 26th. JPMorgan Chase & Co. increased their price target on TriNet Group from $45.00 to $50.00 and gave the stock an "underweight" rating in a report on Friday, July 31st. Zacks Research lowered TriNet Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 3rd. Finally, Truist Financial lifted their price objective on TriNet Group from $50.00 to $62.00 and gave the company a "hold" rating in a report on Wednesday, July 22nd. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, TriNet Group has an average rating of "Hold" and an average target price of $56.80.

TriNet Group Price Performance

NYSE:TNET opened at $67.16 on Friday. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $73.07. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. The firm has a fifty day simple moving average of $66.64 and a 200 day simple moving average of $50.97. The stock has a market capitalization of $3.08 billion, a PE ratio of 17.96 and a beta of 0.94.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter last year, the firm posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, research analysts expect that TriNet Group, Inc. will post 3.87 EPS for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Thursday, October 1st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. TriNet Group's payout ratio is presently 31.02%.

Insiders Place Their Bets

In other TriNet Group news, SVP Sidney Majalya sold 775 shares of the firm's stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $68.53, for a total transaction of $53,110.75. Following the completion of the sale, the senior vice president owned 53,212 shares of the company's stock, valued at $3,646,618.36. This trade represents a 1.44% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Paul Chamberlain sold 2,400 shares of the stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of $69.70, for a total transaction of $167,280.00. Following the completion of the transaction, the director directly owned 40,175 shares in the company, valued at $2,800,197.50. The trade was a 5.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 10,016 shares of company stock valued at $691,600 over the last 90 days. 40.00% of the stock is owned by insiders.

TriNet Group Profile

TriNet Group, Inc is a professional employer organization and human resources services company that helps small and midsize businesses manage employment-related administrative, regulatory and operational responsibilities. Through its co-employment model, TriNet can support clients with payroll administration, employee benefits, human capital management and risk mitigation services.

The company provides cloud-based tools and services covering payroll and tax administration, time and attendance, recruiting, onboarding, performance management and employee engagement.

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