TriNet Group, Inc. $TNET Shares Bought by Wellington Management Group LLP

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 increased its stake in TriNet Group, Inc. (NYSE:TNET - Free Report) by 24.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,021,749 shares of the business services provider's stock after acquiring an additional 394,847 shares during the period. Wellington Management Group LLP owned approximately 4.18% of TriNet Group worth $160,203,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of TNET. Xponance Inc. raised its stake 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 during the period. US Bancorp DE increased its holdings in shares of TriNet Group by 4.6% during the 1st 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 increased its holdings in shares of TriNet Group by 13.7% during the 4th quarter. Mariner LLC now owns 2,763 shares of the business services provider's stock worth $251,000 after buying an additional 333 shares during the last quarter. Farther Finance Advisors LLC raised its position 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 buying an additional 427 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in TriNet Group by 2.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,190 shares of the business services provider's stock valued at $1,651,000 after acquiring an additional 502 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

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

Insider Buying and Selling

In related news, SVP Anthony Shea Treadway sold 2,583 shares of the business's stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $66.07, for a total transaction of $170,658.81. Following the transaction, the senior vice president directly owned 29,437 shares of the company's stock, valued at approximately $1,944,902.59. The trade was a 8.07% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company's stock in a transaction that occurred on Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total value of $117,891.48. Following the completion of the transaction, the chief technology officer owned 32,932 shares of the company's stock, valued at approximately $2,701,741.28. This represents a 4.18% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 7,620 shares of company stock valued at $526,318. Corporate insiders own 38.10% of the company's stock.

TriNet Group Trading Up 5.2%

Shares of TNET stock traded up $3.4040 during mid-day 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. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. The firm has a market capitalization of $3.35 billion, a PE ratio of 23.70 and a beta of 0.83. The company's 50 day simple moving average is $68.98 and its 200-day simple moving average is $75.44. TriNet Group, Inc. has a 12-month low of $62.55 and a 12-month high of $104.06.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share for the quarter, topping 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 period in the prior year, the company earned $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, research analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business 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. The ex-dividend date was Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.6%. TriNet Group's dividend payout ratio (DPR) is 37.80%.

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.