Virtu Financial LLC Takes $371,000 Position in TriNet Group, Inc. $TNET

Key Points

• Virtu Financial LLC acquired 4,686 shares of TriNet Group, valued at approximately $371,000, marking a new stake during the first quarter.
• TriNet Group reported quarterly earnings of $1.15 EPS, beating the consensus estimate of $1.03, despite experiencing a net margin of 2.85%.
• The company's recent quarterly dividend was $0.275 per share, reflecting a 1.7% yield with a payout ratio of 37.80%.

Virtu Financial LLC purchased a new position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 4,686 shares of the business services provider's stock, valued at approximately $371,000.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Charles Schwab Investment Management Inc. raised its stake in shares of TriNet Group by 5.3% during 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 during the last quarter. PNC Financial Services Group Inc. raised its stake in shares of TriNet Group by 58.4% during the first quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider's stock worth $182,000 after buying an additional 845 shares during the last quarter. US Bancorp DE raised its stake in shares of 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 buying an additional 332 shares during the last quarter. Natixis Advisors LLC acquired a new position in TriNet Group in the first quarter valued at about $4,871,000. Finally, Bayforest Capital Ltd lifted its stake in TriNet Group by 543.3% in the first quarter. Bayforest Capital Ltd now owns 13,001 shares of the business services provider's stock valued at $1,030,000 after buying an additional 10,980 shares during the period. 96.81% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction on Tuesday, May 27th. The shares were sold at an average price of $82.04, for a total transaction of $117,891.48. Following the completion of the transaction, the chief technology officer owned 32,932 shares in the company, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Sidney A. Majalya sold 500 shares of the stock in a transaction on Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total transaction of $41,570.00. Following the transaction, the senior vice president owned 23,033 shares of the company's stock, valued at $1,914,963.62. The trade was a 2.12% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 2,537 shares of company stock worth $197,969. 37.10% of the stock is owned by insiders.

Wall Street Analyst Weigh In

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

TriNet Group Stock Up 1.7%

Shares of TriNet Group stock traded up $1.0840 on Tuesday, hitting $66.6740. The company had a trading volume of 153,404 shares, compared to its average volume of 442,123. The firm has a market capitalization of $3.24 billion, a P/E ratio of 22.95 and a beta of 0.83. TriNet Group, Inc. has a twelve month low of $62.55 and a twelve month high of $104.06. 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 stock has a 50-day moving average of $69.93 and a 200-day moving average of $76.03.

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 the consensus estimate of $1.03 by $0.12. The company had revenue of $282.90 million during the quarter, compared to analysts' expectations 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 prior year, the company earned $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Research analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

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

TriNet Group Company 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.