Deutsche Bank AG Takes Position in TriNet Group, Inc. $TNET

Key Points

• Deutsche Bank acquired 31,792 TriNet shares in the second quarter, worth approximately $1.57 million; institutional investors collectively own 96.81% of the company.
• Analysts maintain a largely neutral outlook, with one Buy, five Hold, and one Sell rating. The average price target is $56.80, below TriNet’s reported market price of $70.60.
• TriNet exceeded quarterly earnings expectations, reporting $1.55 EPS versus the $0.93 consensus estimate, while insiders sold 7,616 shares worth about $524,320 in the last quarter.

Deutsche Bank AG acquired a new stake in TriNet Group, Inc. (NYSE:TNET - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 31,792 shares of the business services provider's stock, valued at approximately $1,573,000. Deutsche Bank AG owned approximately 0.07% of TriNet Group as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Quarry LP grew its stake in TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider's stock valued at $31,000 after acquiring an additional 383 shares during the period. Aster Capital Management DIFC Ltd acquired a new stake in shares of TriNet Group during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd raised its position in shares of TriNet Group by 160.3% during the fourth 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 period. Essential Partners LLC lifted its holdings in shares of TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider's stock valued at $34,000 after purchasing an additional 765 shares in the last quarter. Finally, Cache Advisors LLC acquired a new position in shares of TriNet Group in the 1st quarter valued at approximately $36,000. Institutional investors and hedge funds own 96.81% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Weiss Ratings raised TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday. Truist Financial lifted their price target on shares of TriNet Group from $50.00 to $62.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. Zacks Research downgraded shares of TriNet Group from a "strong-buy" rating to a "hold" rating in a research report on Friday, July 3rd. TD Cowen raised 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. Finally, UBS Group dropped their price objective on shares of TriNet Group from $62.00 to $48.00 and set a "neutral" rating on the stock in a report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $56.80.

Insider Activity

In other TriNet Group news, SVP Anthony Shea Treadway sold 1,068 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total value of $74,546.40. Following the completion of the transaction, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The stock was sold at an average price of $68.53, for a total value of $53,110.75. Following the transaction, the senior vice president directly owned 53,212 shares in the company, valued at $3,646,618.36. This trade represents a 1.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 7,616 shares of company stock worth $524,320 in the last quarter. Corporate insiders own 40.00% of the company's stock.

TriNet Group Price Performance

NYSE TNET opened at $70.60 on Friday. The firm's 50 day moving average is $61.73 and its 200-day moving average is $48.15. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The company has a market capitalization of $3.24 billion, a PE ratio of 18.88 and a beta of 0.95. TriNet Group, Inc. has a 12-month low of $33.60 and a 12-month high of $73.07.

TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping the consensus estimate of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The business had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same quarter in the prior year, the company posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Equities research analysts anticipate that TriNet Group, Inc. will post 3.87 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 27th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Wednesday, July 1st. TriNet Group's dividend payout ratio is currently 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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