Woodline Partners LP Has $5.05 Million Holdings in TriNet Group, Inc. $TNET

Key Points

• Woodline Partners LP increased its stake in TriNet Group by 38.3% in the first quarter, owning approximately 63,703 shares valued at $5.05 million.
• TriNet Group's most recent earnings report indicated a quarterly EPS of $1.15, beating estimates, and a revenue of $282.9 million, surpassing analysts' expectations.
• Institutional investors hold 96.81% of TriNet Group's stock, highlighting significant interest from major funds in the company.

Woodline Partners LP lifted its position in shares of TriNet Group, Inc. (NYSE:TNET - Free Report) by 38.3% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 63,703 shares of the business services provider's stock after acquiring an additional 17,625 shares during the period. Woodline Partners LP owned approximately 0.13% of TriNet Group worth $5,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. PNC Financial Services Group Inc. lifted its position 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 worth $182,000 after purchasing an additional 845 shares during the period. AlphaQuest LLC lifted its stake in TriNet Group by 633.5% during the 1st quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider's stock valued at $196,000 after acquiring an additional 2,135 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of TriNet Group during the first quarter valued at about $206,000. Xponance Inc. increased its position in shares of 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 last quarter. Finally, AE Wealth Management LLC purchased a new stake in shares of TriNet Group during the 1st quarter valued at $208,000. Institutional investors and hedge funds own 96.81% of the company's stock.

TriNet Group Stock Performance

Shares of TNET opened at $69.11 on Friday. The stock's 50-day simple moving average is $67.74 and its 200 day simple moving average is $74.53. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 23.75 and a beta of 0.84. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. TriNet Group, Inc. has a 52-week low of $62.55 and a 52-week high of $99.78.

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. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%.The firm had revenue of $282.90 million for the quarter, compared to analysts' expectations of $278.93 million. During the same quarter last year, the firm posted $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Research analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Insider Transactions at TriNet Group

In other TriNet Group news, Director Ralph A. Clark sold 3,000 shares of the firm'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 sale, the director owned 9,390 shares of the company's stock, valued at $623,683.80. This trade represents a 24.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Thursday, August 7th. The shares were 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 trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 8,395 shares of company stock worth $560,612. 38.10% 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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