Wellington Management Group LLP Grows Holdings in TriNet Group, Inc. $TNET

Key Points

• Wellington Management Group LLP increased its stake in TriNet Group by 24.3% in Q1, owning approximately 4.18% of the company with a value of $160.2 million.
• TriNet Group reported $1.15 earnings per share for the latest quarter, surpassing estimates, and has set fiscal year 2025 guidance at 3.250-4.750 EPS.
• The company recently declared a quarterly dividend of $0.275 per share, yielding 1.7%, with a payout ratio of 37.80%.

Wellington Management Group LLP raised its position in TriNet Group, Inc. (NYSE:TNET - Free Report) by 24.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,021,749 shares of the business services provider's stock after buying an additional 394,847 shares during the period. Wellington Management Group LLP owned about 4.18% of TriNet Group worth $160,203,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of TNET. Xponance Inc. increased its holdings in shares of TriNet Group by 6.4% in the first 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 last quarter. US Bancorp DE boosted its stake 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 buying an additional 332 shares during the last quarter. Mariner LLC grew its holdings in TriNet Group by 13.7% in the 4th quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock valued at $251,000 after buying an additional 333 shares in the last quarter. Farther Finance Advisors LLC increased its stake in shares of TriNet Group by 11.4% in the 1st quarter. Farther Finance Advisors LLC now owns 4,165 shares of the business services provider's stock worth $331,000 after acquiring an additional 427 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of TriNet Group by 2.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,190 shares of the business services provider's stock worth $1,651,000 after acquiring an additional 502 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

TriNet Group Stock Up 1.5%

Shares of TNET traded up $1.02 during midday trading on Tuesday, reaching $69.59. The stock had a trading volume of 493,034 shares, compared to its average volume of 489,146. The company has a market cap of $3.38 billion, a price-to-earnings ratio of 23.91 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 company's fifty day simple moving average is $68.66 and its two-hundred day simple moving average is $75.16. 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 data on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.03 by $0.12. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%.The business had revenue of $282.90 million during the quarter, compared to analysts' expectations of $278.93 million. During the same period in the prior year, the firm posted $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Equities research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 1st were given a $0.275 dividend. This represents a $1.10 dividend on an annualized basis 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

In related news, Director Ralph A. Clark sold 3,000 shares of the company's stock in a transaction dated Wednesday, August 20th. The stock was sold at an average price of $66.42, for a total value of $199,260.00. Following the completion of the sale, the director directly owned 9,390 shares of the company's stock, valued at $623,683.80. This represents a 24.21% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Paul Edward Chamberlain sold 600 shares of the firm's 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 $2,467,079.20. This represents a 1.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 6,183 shares of company stock worth $408,427 in the last ninety days. 37.10% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Separately, JPMorgan Chase & Co. reduced their target price on shares of 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 research analysts have rated the stock with a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, TriNet Group currently has an average rating of "Reduce" and an average target price of $96.33.

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.