Strs Ohio Takes Position in TriNet Group, Inc. $TNET

Key Points

• Strs Ohio acquired a new stake in TriNet Group, Inc. ($TNET), purchasing 4,500 shares valued at approximately $357,000.
• JPMorgan Chase & Co. has downgraded their price target for TriNet Group from $76.00 to $75.00 and assigned an "underweight" rating.
• TriNet recently reported earnings of $1.15 per share for the last quarter, surpassing analysts' expectations, with revenue of $282.90 million.

Strs Ohio purchased a new stake in TriNet Group, Inc. (NYSE:TNET - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 4,500 shares of the business services provider's stock, valued at approximately $357,000.

Several other large investors have also recently bought and sold shares of TNET. 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 buying an additional 845 shares during the period. AlphaQuest LLC increased its position in TriNet Group by 633.5% in the first quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider's stock worth $196,000 after purchasing an additional 2,135 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in TriNet Group during the 1st quarter worth about $206,000. Xponance Inc. lifted its position in TriNet Group by 6.4% during the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock valued at $207,000 after purchasing an additional 157 shares during the period. Finally, AE Wealth Management LLC bought a new position in shares of TriNet Group in the 1st quarter valued at about $208,000. Institutional investors and hedge funds own 96.81% of the company's stock.

Wall Street Analyst Weigh In

Separately, JPMorgan Chase & Co. dropped their price target on shares of 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 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, the company presently has a consensus rating of "Reduce" and an average target price of $96.33.

TriNet Group Stock Performance

Shares of TNET stock opened at $67.88 on Wednesday. The stock has a market cap of $3.30 billion, a PE ratio of 23.33 and a beta of 0.84. The stock has a 50-day moving average of $67.50 and a 200-day moving average of $74.27. The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.10. TriNet Group, Inc. has a one year low of $62.55 and a one year high of $99.78.

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

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Wednesday, October 1st will be given a $0.275 dividend. The ex-dividend date is Wednesday, October 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 currently 37.80%.

Insider Buying and Selling at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction dated Monday, August 25th. The stock was sold at an average price of $68.80, for a total transaction of $53,320.00. Following the transaction, the senior vice president directly owned 21,708 shares in the company, valued at approximately $1,493,510.40. The trade was a 3.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Anthony Shea Treadway sold 2,583 shares of the 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 sale, the senior vice president owned 29,437 shares of the company's stock, valued at $1,944,902.59. This trade represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 8,395 shares of company stock worth $560,612 in the last three months. 37.10% of the stock is owned by 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.

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