231,127 Shares in TriNet Group, Inc. $TNET Acquired by Nuveen LLC

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 position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund 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.

Other institutional investors have also modified their holdings of the company. GAMMA Investing LLC raised its holdings in shares of TriNet Group by 4,677.9% during the 1st quarter. GAMMA Investing LLC now owns 3,249 shares of the business services provider's stock worth $257,000 after acquiring an additional 3,181 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of TriNet Group by 11.4% during the 1st quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider's stock worth $331,000 after acquiring an additional 427 shares during the period. SG Americas Securities LLC acquired a new stake in shares of TriNet Group during the 1st quarter worth about $987,000. Bank of New York Mellon Corp increased its position in shares of TriNet Group by 4.4% during the 1st quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider's stock worth $18,406,000 after purchasing an additional 9,821 shares during the last quarter. Finally, Raymond James Financial Inc. acquired a new stake in shares of TriNet Group during the 4th quarter worth about $1,395,000. Hedge funds and other institutional investors own 96.81% of the company's stock.

Analyst Ratings Changes

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

Insider Transactions at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 2,583 shares of TriNet Group 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 completion of the transaction, the senior vice president directly owned 29,437 shares of the company's stock, valued at $1,944,902.59. The trade was a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction dated Thursday, August 7th. The shares were 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 of the company's stock, 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. In the last 90 days, insiders sold 7,620 shares of company stock valued at $526,318. 38.10% of the stock is owned by insiders.

TriNet Group Trading Up 5.2%

NYSE TNET traded up $3.4040 during trading on Friday, hitting $68.9640. The stock had a trading volume of 1,673,068 shares, compared to its average volume of 534,869. The company has a market capitalization of $3.35 billion, a PE ratio of 23.70 and a beta of 0.83. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. The firm has a 50 day moving average price of $68.98 and a 200 day moving average price of $75.55. TriNet Group, Inc. has a twelve month low of $62.55 and a twelve month high of $104.06.

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

TriNet Group Announces Dividend

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

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.