Nuveen LLC Makes New Investment in TriNet Group, Inc. $TNET

Key Points

• Nuveen LLC acquired 231,127 shares of TriNet Group, Inc. valued at approximately $18.3 million, representing 0.48% ownership in the company.
• Analysts have downgraded TriNet Group's price target from $76.00 to $75.00 and rated the stock as "underweight" with an average target price of $96.33.
• TriNet Group reported a $1.15 EPS for the last quarter, exceeding expectations, and has set its FY 2025 guidance at 3.250-4.750 EPS.

Nuveen LLC purchased a new stake 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. The institutional investor purchased 231,127 shares of the business services provider's stock, valued at approximately $18,315,000. Nuveen LLC owned 0.48% of TriNet Group as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the stock. Xponance Inc. lifted its stake in shares of TriNet Group by 6.4% in the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock valued at $207,000 after purchasing an additional 157 shares during the period. US Bancorp DE lifted its stake in shares of TriNet Group by 4.6% in the 1st quarter. US Bancorp DE now owns 7,534 shares of the business services provider's stock valued at $597,000 after purchasing an additional 332 shares during the period. Mariner LLC lifted its stake in shares of TriNet Group by 13.7% in the 4th quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock valued at $251,000 after purchasing an additional 333 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of TriNet Group by 11.4% in the 1st quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider's stock valued at $331,000 after purchasing an additional 427 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of TriNet Group by 2.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,190 shares of the business services provider's stock valued at $1,651,000 after purchasing an additional 502 shares during the period. Institutional investors and hedge funds own 96.81% of the company's stock.

Wall Street Analyst Weigh In

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 research note 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 stock. Based on data from MarketBeat, TriNet Group currently has an average rating of "Reduce" and a consensus price target of $96.33.

TriNet Group Trading Down 0.8%

Shares of TNET traded down $0.5360 during trading hours on Monday, reaching $68.4640. The stock had a trading volume of 353,059 shares, compared to its average volume of 514,086. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. TriNet Group, Inc. has a 52 week low of $62.55 and a 52 week high of $104.06. The firm has a 50-day moving average of $68.80 and a 200 day moving average of $75.20. The company has a market cap of $3.33 billion, a P/E ratio of 23.53 and a beta of 0.83.

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

TriNet Group Announces Dividend

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

Insider Activity

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction dated Tuesday, May 27th. The stock was 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 owned 32,932 shares in the company, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anthony Shea Treadway sold 2,583 shares of the stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $66.07, for a total value of $170,658.81. Following the transaction, the senior vice president owned 29,437 shares of the company's stock, valued at approximately $1,944,902.59. This trade represents a 8.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 7,620 shares of company stock worth $526,318 in the last 90 days. Corporate insiders own 37.10% 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.