Quantbot Technologies LP Increases Position in TriNet Group, Inc. $TNET

Key Points

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Quantbot Technologies LP raised its stake in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 192.3% in the first quarter, according to its most recent 13F filing with the SEC. The fund owned 61,918 shares of the business services provider's stock after buying an additional 40,738 shares during the period. Quantbot Technologies LP owned about 0.13% of TriNet Group worth $4,906,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. LRI Investments LLC increased its stake in shares of TriNet Group by 643.8% in the 4th quarter. LRI Investments LLC now owns 662 shares of the business services provider's stock valued at $60,000 after purchasing an additional 573 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of TriNet Group by 58.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider's stock valued at $182,000 after purchasing an additional 845 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of TriNet Group in the 1st quarter valued at about $206,000. Xponance Inc. boosted its holdings in TriNet Group by 6.4% in the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock worth $207,000 after buying an additional 157 shares during the last quarter. Finally, AE Wealth Management LLC acquired a new stake in TriNet Group in the 1st quarter worth about $208,000. Hedge funds and other institutional investors own 96.81% of the company's stock.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. lowered their price objective on TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock in a report 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.com, TriNet Group currently has an average rating of "Reduce" and an average price target of $96.33.

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 were exchanged, compared to its average volume of 514,086. The stock has a market capitalization of $3.35 billion, a price-to-earnings 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 company has a 50-day moving average price of $68.98 and a 200 day moving average price of $75.33. TriNet Group, Inc. has a 1-year low of $62.55 and a 1-year high of $104.06.

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. The firm had revenue of $282.90 million for the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. 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, sell-side analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

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

Insider Activity

In other news, SVP Anthony Shea Treadway sold 2,583 shares of TriNet Group stock in a transaction that occurred on Tuesday, August 19th. The shares were sold at an average price of $66.07, for a total transaction of $170,658.81. Following the sale, the senior vice president owned 29,437 shares of the company's stock, valued at approximately $1,944,902.59. The trade was a 8.07% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 600 shares of TriNet Group stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $64.18, for a total transaction of $38,508.00. Following the sale, the director directly owned 38,440 shares in the company, 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 sold a total of 7,620 shares of company stock worth $526,318 in the last 90 days. 37.10% of the stock is owned by corporate insiders.

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.