4,964 Shares in TriNet Group, Inc. $TNET Purchased by EntryPoint Capital LLC

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 purchased a new stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 4,964 shares of the business services provider's stock, valued at approximately $393,000.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Massachusetts Financial Services Co. MA increased its position in TriNet Group by 11.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,123,201 shares of the business services provider's stock valued at $168,242,000 after acquiring an additional 225,196 shares during the last quarter. Wellington Management Group LLP increased its position in TriNet Group by 24.3% during the 1st 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. American Century Companies Inc. boosted its holdings in shares of TriNet Group by 183.3% in the 1st 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 in the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of TriNet Group by 2.7% in the 4th quarter. Dimensional Fund Advisors LP now owns 828,410 shares of the business services provider's stock valued at $75,196,000 after buying an additional 22,114 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of TriNet Group by 5.3% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 519,774 shares of the business services provider's stock valued at $41,187,000 after buying an additional 25,938 shares in the last quarter. Institutional investors own 96.81% of the company's stock.

Insider Transactions at TriNet Group

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the company's stock in a transaction that occurred on 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 $2,467,079.20. This represents a 1.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anthony Shea Treadway sold 2,583 shares of the company's stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $66.07, for a total value of $170,658.81. Following the completion of the transaction, the senior vice president directly owned 29,437 shares in the company, valued at approximately $1,944,902.59. The trade was a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 7,620 shares of company stock worth $526,318. Corporate insiders own 38.10% of the company's stock.

TriNet Group Trading Up 5.2%

NYSE TNET traded up $3.4040 during trading hours on Friday, reaching $68.9640. The company had a trading volume of 1,673,068 shares, compared to its average volume of 534,869. The stock has a 50-day moving average of $68.98 and a 200 day moving average of $75.44. TriNet Group, Inc. has a 1-year low of $62.55 and a 1-year high of $104.06. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. The stock has a market capitalization of $3.35 billion, a P/E ratio of 23.70 and a beta of 0.83.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.12. The business had revenue of $282.90 million for the quarter, compared to analysts' expectations of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. During the same quarter in the prior year, the company earned $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, research analysts anticipate that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a yield of 1.6%. TriNet Group's dividend payout ratio (DPR) is 37.80%.

Wall Street Analysts Forecast Growth

Separately, JPMorgan Chase & Co. lowered their target price on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a research note on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company 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.