TriNet Group, Inc. $TNET Shares Purchased by OMERS ADMINISTRATION Corp

Key Points

• OMERS ADMINISTRATION Corp increased its stake in TriNet Group, Inc. by 57.7% in Q1, holding shares now valued at $1.22 million.
• TriNet Group reported earnings of $1.15 per share last quarter, surpassing analysts' expectations, along with a revenue of $282.90 million.
• The company announced a quarterly dividend of $0.275 per share, yielding approximately 1.5% on an annualized basis.

OMERS ADMINISTRATION Corp raised its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 57.7% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,450 shares of the business services provider's stock after acquiring an additional 5,654 shares during the quarter. OMERS ADMINISTRATION Corp's holdings in TriNet Group were worth $1,224,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Walleye Capital LLC acquired a new position in TriNet Group in the 1st quarter valued at about $672,000. AlphaQuest LLC boosted its stake in shares of TriNet Group by 633.5% in the 1st quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider's stock valued at $196,000 after buying an additional 2,135 shares during the period. Capital Fund Management S.A. purchased a new position in shares of TriNet Group in the 1st quarter valued at about $2,685,000. EntryPoint Capital LLC purchased a new position in shares of TriNet Group in the 1st quarter valued at about $393,000. Finally, Quantbot Technologies LP boosted its stake in shares of TriNet Group by 192.3% in the 1st quarter. Quantbot Technologies LP now owns 61,918 shares of the business services provider's stock valued at $4,906,000 after buying an additional 40,738 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased their price objective on 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 equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Reduce" and an average target price of $96.33.

Insider Activity

In related news, Director Ralph A. Clark sold 3,000 shares of the business's stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $66.42, for a total transaction of $199,260.00. Following the completion of the sale, the director owned 9,390 shares in the company, valued at $623,683.80. The trade was a 24.21% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the business'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 sale, the director owned 38,440 shares of the company's stock, valued at approximately $2,467,079.20. The trade was a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 8,395 shares of company stock valued at $560,612 over the last 90 days. Insiders own 37.10% of the company's stock.

TriNet Group Stock Up 0.6%

TNET stock traded up $0.40 during trading on Thursday, hitting $71.59. 282,835 shares of the company's stock were exchanged, compared to its average volume of 447,629. The business has a 50-day moving average price of $68.31 and a two-hundred day moving average price of $74.61. The stock has a market capitalization of $3.48 billion, a price-to-earnings ratio of 24.60 and a beta of 0.84. TriNet Group, Inc. has a 52-week low of $62.55 and a 52-week high of $100.01. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36.

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

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 1st were paid a dividend of $0.275 per share. The ex-dividend date was Tuesday, July 1st. This represents a $1.10 annualized dividend and a yield of 1.5%. TriNet Group's payout ratio is presently 37.80%.

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.