Quantbot Technologies LP Raises Stock Holdings in TriNet Group, Inc. $TNET

Key Points

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Quantbot Technologies LP increased its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 192.3% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 61,918 shares of the business services provider's stock after purchasing an additional 40,738 shares during the period. Quantbot Technologies LP owned 0.13% of TriNet Group worth $4,906,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in the stock. Massachusetts Financial Services Co. MA boosted its position in shares of TriNet Group by 11.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,123,201 shares of the business services provider's stock valued at $168,242,000 after acquiring an additional 225,196 shares during the period. Wellington Management Group LLP boosted its holdings in TriNet Group by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider's stock valued at $160,203,000 after purchasing an additional 394,847 shares during the period. American Century Companies Inc. grew its position in shares of TriNet Group by 183.3% during the 1st quarter. American Century Companies Inc. now owns 858,205 shares of the business services provider's stock valued at $68,004,000 after purchasing an additional 555,258 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of TriNet Group by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 828,410 shares of the business services provider's stock worth $75,196,000 after purchasing an additional 22,114 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its position in shares of TriNet Group by 5.3% in 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 buying an additional 25,938 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped 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 analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, TriNet Group presently has an average rating of "Reduce" and an average price target of $96.33.

Insider Buying and Selling at TriNet Group

In related news, Director Ralph A. Clark sold 3,000 shares of the stock in a transaction on Wednesday, August 20th. The shares were sold at an average price of $66.42, for a total transaction of $199,260.00. Following the transaction, the director owned 9,390 shares of the company's stock, valued at approximately $623,683.80. This trade represents a 24.21% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the business's stock in a transaction on Thursday, August 7th. The stock was sold at an average price of $64.18, for a total transaction of $38,508.00. Following the completion of the sale, the director directly owned 38,440 shares of the company's stock, valued at $2,467,079.20. This represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 7,620 shares of company stock worth $526,318 over the last 90 days. Company insiders own 38.10% of the company's stock.

TriNet Group Price Performance

Shares of TriNet Group stock traded up $3.4040 on Friday, hitting $68.9640. 1,673,068 shares of the company traded hands, compared to its average volume of 534,869. TriNet Group, Inc. has a 12-month low of $62.55 and a 12-month high of $104.06. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. The company has a market cap of $3.35 billion, a P/E ratio of 23.70 and a beta of 0.83. The firm's 50-day simple moving average is $68.98 and its 200 day simple moving average is $75.55.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, beating analysts' consensus estimates of $1.03 by $0.12. The business had revenue of $282.90 million for 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 quarter last year, the business posted $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st were paid a $0.275 dividend. The ex-dividend date of this dividend 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 37.80%.

About TriNet Group

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.