Vanguard Group Inc. Has $236.68 Million Position in TriNet Group, Inc. $TNET

Key Points

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Vanguard Group Inc. decreased its holdings in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 0.2% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,986,844 shares of the business services provider's stock after selling 5,164 shares during the period. Vanguard Group Inc. owned about 6.17% of TriNet Group worth $236,678,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA increased its holdings in shares of TriNet Group by 11.9% during the first quarter. Massachusetts Financial Services Co. MA now owns 2,123,201 shares of the business services provider's stock worth $168,242,000 after buying an additional 225,196 shares in the last quarter. Dimensional Fund Advisors LP grew its position in TriNet Group by 2.7% during the 4th quarter. Dimensional Fund Advisors LP now owns 828,410 shares of the business services provider's stock worth $75,196,000 after acquiring an additional 22,114 shares during the last quarter. ArrowMark Colorado Holdings LLC acquired a new stake in TriNet Group during the 4th quarter valued at $35,567,000. Vaughan Nelson Investment Management L.P. acquired a new stake in TriNet Group during the 1st quarter valued at $27,037,000. Finally, Northern Trust Corp raised its position in TriNet Group by 8.6% in the 4th quarter. Northern Trust Corp now owns 325,259 shares of the business services provider's stock valued at $29,524,000 after purchasing an additional 25,631 shares during the last quarter. Institutional investors own 96.81% of the company's stock.

Wall Street Analyst Weigh In

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 report on Monday, July 28th. Two analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Reduce" and an average target price of $96.33.

TriNet Group Price Performance

Shares of NYSE:TNET traded up $3.4040 during midday trading on Friday, reaching $68.9640. The company's stock had a trading volume of 1,673,068 shares, compared to its average volume of 534,869. TriNet Group, Inc. has a fifty-two week low of $62.55 and a fifty-two week high of $104.06. The company has a market capitalization of $3.35 billion, a P/E ratio of 23.70 and a beta of 0.83. The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.10. The business's fifty day simple moving average is $68.98 and its 200-day simple moving average is $75.44.

TriNet Group (NYSE:TNET - Get Free Report) last announced its 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 company had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%.During the same period last year, the company posted $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 fiscal year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 28th. Stockholders of record on Tuesday, July 1st were paid a $0.275 dividend. 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 dividend payout ratio (DPR) is 37.80%.

Insider Buying and Selling at TriNet Group

In other news, SVP Anthony Shea Treadway sold 2,583 shares of the firm's stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $66.07, for a total value of $170,658.81. Following the transaction, the senior vice president owned 29,437 shares of the company's stock, valued at approximately $1,944,902.59. This trade represents a 8.07% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction dated Thursday, August 7th. The shares were sold at an average price of $64.18, for a total transaction of $38,508.00. Following the completion of the transaction, the director directly owned 38,440 shares in the company, valued at $2,467,079.20. This trade represents 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 over the last quarter. Company insiders own 38.10% of the company's stock.

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.