TriNet Group, Inc. $TNET Shares Bought by Russell Investments Group Ltd.

Key Points

• Russell Investments Group Ltd. increased its stake in TriNet Group by 8.0%, holding 85,179 shares worth approximately $6.75 million after acquiring an additional 6,324 shares in the first quarter.
• TriNet Group's quarterly earnings surpassed expectations, reporting an EPS of $1.15 against a consensus estimate of $1.03, alongside revenues of $282.90 million.
• JPMorgan Chase & Co. has downgraded TriNet Group's price target from $76.00 to $75.00, maintaining an "underweight" rating, as analysts forecast a consensus price target of $96.33 for the stock.

Russell Investments Group Ltd. boosted its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 8.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 85,179 shares of the business services provider's stock after purchasing an additional 6,324 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.18% of TriNet Group worth $6,750,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Xponance Inc. boosted its position in TriNet Group by 6.4% during the first quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock worth $207,000 after purchasing an additional 157 shares in the last quarter. US Bancorp DE boosted its position in TriNet Group by 4.6% during the first quarter. US Bancorp DE now owns 7,534 shares of the business services provider's stock worth $597,000 after purchasing an additional 332 shares in the last quarter. Mariner LLC boosted its position in TriNet Group by 13.7% during the fourth quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock worth $251,000 after purchasing an additional 333 shares in the last quarter. Farther Finance Advisors LLC boosted its position in TriNet Group by 11.4% during the first quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider's stock worth $331,000 after purchasing an additional 427 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TriNet Group by 2.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,190 shares of the business services provider's stock worth $1,651,000 after purchasing an additional 502 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

TriNet Group Price Performance

Shares of NYSE TNET traded up $3.4040 during midday 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 stock has a 50 day simple moving average of $68.98 and a 200-day simple moving average of $75.44. TriNet Group, Inc. has a 1 year low of $62.55 and a 1 year high of $104.06. 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 (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 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. On average, sell-side analysts expect that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

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

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director Ralph A. Clark sold 3,000 shares of TriNet Group 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 transaction, the director owned 9,390 shares in the company, valued at approximately $623,683.80. This trade represents a 24.21% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, 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 stock was sold at an average price of $64.18, for a total value of $38,508.00. Following the transaction, the director 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. In the last ninety days, insiders have sold 7,620 shares of company stock worth $526,318. 38.10% 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.