Jacobs Levy Equity Management Inc. Boosts Stock Holdings in TriNet Group, Inc. $TNET

Key Points

• Jacobs Levy Equity Management Inc. increased its stake in TriNet Group, Inc. by 12.5%, owning 518,828 shares worth approximately $41.1 million as of its latest SEC filing.
• TriNet reported $1.15 EPS for the recent quarter, surpassing analysts' expectations, and set guidance for FY 2025 EPS between 3.250 and 4.750.
• After a recent dividend declaration, TriNet's stock led to a 1.6% annualized dividend yield, demonstrating a payout ratio of 37.80%.

Jacobs Levy Equity Management Inc. lifted its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 12.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 518,828 shares of the business services provider's stock after purchasing an additional 57,810 shares during the period. Jacobs Levy Equity Management Inc. owned about 1.07% of TriNet Group worth $41,112,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of TNET. American Century Companies Inc. increased its stake 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 worth $68,004,000 after purchasing an additional 555,258 shares in the last quarter. Wellington Management Group LLP increased its stake in shares of TriNet Group by 24.3% during the first quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider's stock worth $160,203,000 after purchasing an additional 394,847 shares in the last quarter. Vaughan Nelson Investment Management L.P. purchased a new stake in shares of TriNet Group during the first quarter worth about $27,037,000. Nuveen LLC purchased a new stake in shares of TriNet Group during the first quarter worth about $18,315,000. Finally, Massachusetts Financial Services Co. MA increased its stake in shares of 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 worth $168,242,000 after purchasing an additional 225,196 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

TriNet Group Trading Up 2.8%

Shares of TNET stock traded up $1.87 during trading on Thursday, hitting $69.87. 60,192 shares of the stock traded hands, compared to its average volume of 441,389. The firm has a market capitalization of $3.39 billion, a P/E ratio of 24.01 and a beta of 0.84. The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.10. The firm's fifty day moving average price is $67.90 and its 200-day moving average price is $74.54. TriNet Group, Inc. has a 52-week low of $62.55 and a 52-week high of $99.78.

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

Insider Transactions at TriNet Group

In other news, 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 transaction, the senior vice president directly owned 29,437 shares in the company, valued at approximately $1,944,902.59. This represents a 8.07% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.80, for a total transaction of $98,865.60. Following the completion of the transaction, the chief technology officer owned 30,424 shares in the company, valued at approximately $2,093,171.20. This represents a 4.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 8,395 shares of company stock worth $560,612. 38.10% of the stock is owned by company insiders.

Analyst Ratings Changes

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