EFG International AG Acquires Shares of 15,206 TriNet Group, Inc. $TNET

Key Points

• EFG International AG initiated a position in TriNet Group, purchasing 15,206 shares valued at approximately $753,000. Institutional investors collectively own 96.81% of TNET’s outstanding stock.
• Analysts maintain a consensus “Hold” rating, with an average price target of $56.80; recent targets range from $48 to $62.
• TriNet reported quarterly EPS of $1.55, beating estimates of $0.93, and declared a quarterly dividend of $0.29 per share, equal to a 1.7% annualized yield.

EFG International AG bought a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 15,206 shares of the business services provider's stock, valued at approximately $753,000.

Several other institutional investors have also recently made changes to their positions in TNET. Mitsubishi UFJ Trust & Banking Corp grew its position in shares of TriNet Group by 640.3% in the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,818 shares of the business services provider's stock worth $1,881,000 after buying an additional 27,520 shares during the period. Arrowstreet Capital Limited Partnership bought a new position in shares of TriNet Group in the 1st quarter worth about $1,267,000. Northwestern Mutual Wealth Management Co. lifted its position in TriNet Group by 5,911,158.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider's stock valued at $41,944,000 after acquiring an additional 709,339 shares during the period. GSA Capital Partners LLP purchased a new position in TriNet Group during the 2nd quarter valued at about $3,602,000. Finally, Y Intercept Hong Kong Ltd boosted its stake in TriNet Group by 77.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 59,638 shares of the business services provider's stock worth $2,173,000 after acquiring an additional 26,099 shares in the last quarter. Institutional investors own 96.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on TNET shares. TD Cowen upped 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. JPMorgan Chase & Co. lifted their target price on shares of TriNet Group from $45.00 to $50.00 and gave the company an "underweight" rating in a report on Friday, July 31st. UBS Group dropped their price target on TriNet Group from $62.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. Truist Financial upped their price target on TriNet Group from $50.00 to $62.00 and gave the stock a "hold" rating in a research note on Wednesday, July 22nd. Finally, Weiss Ratings raised TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday. One equities research analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $56.80.

Insider Activity

In related news, SVP Sidney A. Majalya sold 775 shares of the business's stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the completion of the transaction, the senior vice president directly owned 53,212 shares in the company, valued at $3,646,618.36. The trade was a 1.44% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of the company's stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the completion of the transaction, the director directly owned 86,449 shares in the company, valued at $5,939,910.79. This trade represents a 6.26% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 7,616 shares of company stock worth $524,320 over the last 90 days. 40.00% of the stock is currently owned by insiders.

TriNet Group Price Performance

TNET opened at $69.43 on Friday. The firm has a market cap of $3.19 billion, a PE ratio of 18.56 and a beta of 0.95. The stock has a 50-day moving average price of $61.22 and a 200-day moving average price of $47.99. TriNet Group, Inc. has a 1 year low of $33.60 and a 1 year high of $73.07. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13.

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 the consensus estimate of $0.93 by $0.62. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same period in the prior year, the firm posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Sell-side analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a dividend of $0.29 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. TriNet Group's dividend payout ratio is presently 31.02%.

About TriNet Group

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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