13,698 Shares in TriNet Group, Inc. $TNET Acquired by Fox Run Management L.L.C.

Key Points

• Fox Run Management L.L.C. has acquired a new stake in TriNet Group, purchasing 13,698 shares valued at approximately $1,085,000.
• Other major investors have also significantly increased their stakes, including LRI Investments LLC, which raised its holdings by 643.8% in the fourth quarter.
• TriNet Group reported better-than-expected quarterly earnings of $1.15 EPS, exceeding analysts' estimates of $1.03.

Fox Run Management L.L.C. bought a new stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 13,698 shares of the business services provider's stock, valued at approximately $1,085,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Russell Investments Group Ltd. increased its position in shares of TriNet Group by 8.0% during the 1st quarter. Russell Investments Group Ltd. now owns 85,179 shares of the business services provider's stock valued at $6,750,000 after purchasing an additional 6,324 shares during the last quarter. Nuveen LLC purchased a new stake in TriNet Group in the first quarter worth approximately $18,315,000. Aigen Investment Management LP purchased a new stake in TriNet Group in the first quarter worth approximately $313,000. Virtu Financial LLC bought a new position in TriNet Group during the first quarter valued at approximately $371,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of TriNet Group by 5.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 519,774 shares of the business services provider's stock worth $41,187,000 after acquiring an additional 25,938 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

TriNet Group Trading Down 0.7%

Shares of TriNet Group stock traded down $0.4960 during midday trading on Wednesday, reaching $66.3040. 291,493 shares of the company's stock traded hands, compared to its average volume of 554,374. The company has a market cap of $3.22 billion, a PE ratio of 22.78 and a beta of 0.83. The stock has a 50 day moving average of $69.38 and a 200-day moving average of $75.90. TriNet Group, Inc. has a 12 month low of $62.55 and a 12 month high of $104.06. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings data 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. The business had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. During the same period in the prior year, the business earned $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Shareholders of record on Tuesday, July 1st were given 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 1.7%. TriNet Group's dividend payout ratio (DPR) is currently 37.80%.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a report on Monday, July 28th. Two equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, TriNet Group presently has an average rating of "Reduce" and an average target price of $96.33.

Insiders Place Their Bets

In related news, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction dated Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total transaction of $117,891.48. Following the completion of the transaction, the chief technology officer directly owned 32,932 shares of the company's stock, valued at $2,701,741.28. This trade represents a 4.18% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the business's stock in a transaction dated Thursday, August 7th. The stock was sold at an average price of $64.18, for a total transaction of $38,508.00. Following the sale, the director directly owned 38,440 shares in the company, valued at $2,467,079.20. The trade was a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders own 38.10% of the company's stock.

TriNet Group 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.