EntryPoint Capital LLC Makes New $393,000 Investment in TriNet Group, Inc. $TNET

Key Points

• EntryPoint Capital LLC has invested approximately $393,000 in TriNet Group, acquiring 4,964 shares, indicating strong institutional interest in the company's stock.
• TriNet Group recently reported an EPS of $1.15, surpassing analysts' expectations of $1.03, with revenues reaching $282.90 million for the quarter.
• The firm announced a quarterly dividend of $0.275 per share, reflecting a 1.7% yield, and insiders own about 38.10% of the company's shares.

EntryPoint Capital LLC bought a new position in TriNet Group, Inc. (NYSE:TNET - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 4,964 shares of the business services provider's stock, valued at approximately $393,000.

A number of other large investors have also recently bought and sold shares of the business. Quantbot Technologies LP lifted its holdings in TriNet Group by 192.3% in the first quarter. Quantbot Technologies LP now owns 61,918 shares of the business services provider's stock worth $4,906,000 after acquiring an additional 40,738 shares during the last quarter. Wellington Management Group LLP increased its stake in shares of TriNet Group by 24.3% in the first quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider's stock valued at $160,203,000 after purchasing an additional 394,847 shares during the period. Algert Global LLC bought a new stake in shares of TriNet Group during the first quarter valued at approximately $3,101,000. American Century Companies Inc. raised its holdings in shares of TriNet Group by 183.3% during the first quarter. American Century Companies Inc. now owns 858,205 shares of the business services provider's stock valued at $68,004,000 after buying an additional 555,258 shares during the last quarter. Finally, Fox Run Management L.L.C. bought a new stake in shares of TriNet Group during the first quarter valued at approximately $1,085,000. Institutional investors own 96.81% of the company's stock.

TriNet Group Price Performance

NYSE:TNET traded up $0.76 during midday trading on Tuesday, hitting $69.33. 90,763 shares of the stock were exchanged, compared to its average volume of 446,179. TriNet Group, Inc. has a one year low of $62.55 and a one year high of $104.06. The company has a market capitalization of $3.37 billion, a price-to-earnings ratio of 23.82 and a beta of 0.83. The business has a 50-day moving average price of $68.80 and a two-hundred day moving average price of $75.20. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36.

TriNet Group (NYSE:TNET - Get Free Report) last announced its earnings results on Friday, July 25th. The business services provider reported $1.15 EPS 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 firm had revenue of $282.90 million for the quarter, compared to analysts' expectations of $278.93 million. During the same quarter in the previous year, the company earned $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Sell-side analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 1st were issued a dividend of $0.275 per share. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.10 annualized dividend and a yield of 1.6%. TriNet Group's payout ratio is presently 37.80%.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, Director Ralph A. Clark sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $66.42, for a total transaction of $199,260.00. Following the sale, the director owned 9,390 shares of the company's stock, valued at $623,683.80. The trade was a 24.21% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $64.18, for a total transaction 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 trade represents a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 6,183 shares of company stock valued at $408,427 over the last quarter. Corporate insiders own 37.10% of the company's stock.

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.