Sidney Majalya Sells 775 Shares of TriNet Group (NYSE:TNET) Stock

Key Points

• TriNet SVP Sidney Majalya sold 775 shares for approximately $53,111 under a pre-arranged Rule 10b5-1 trading plan, reducing his holdings by 1.44% to 53,212 shares.
• TriNet shares traded at $69.60, near their 52-week high of $73.07. The company recently reported quarterly EPS of $1.55, well above the $0.93 analyst consensus, and maintains a quarterly dividend of $0.29.
• Analyst sentiment remains cautious, with a consensus “Reduce” rating and an average price target of $56.80, below the current share price; institutional investors own 96.81% of the stock.

TriNet Group, Inc. (NYSE:TNET - Get Free Report) SVP Sidney Majalya sold 775 shares of the company's stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $68.53, for a total value of $53,110.75. Following the sale, the senior vice president owned 53,212 shares of the company's stock, valued at approximately $3,646,618.36. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Stock Performance

Shares of TriNet Group stock traded down $0.88 during trading on Monday, reaching $69.60. The company's stock had a trading volume of 238,383 shares, compared to its average volume of 460,487. TriNet Group, Inc. has a one year low of $33.60 and a one year high of $73.07. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market cap of $3.19 billion, a price-to-earnings ratio of 18.61 and a beta of 0.94. The business's fifty day moving average price is $59.32 and its 200-day moving average price is $47.62.

TriNet Group (NYSE:TNET - Get Free Report) last issued its earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.62. The business had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same period in the prior year, the company posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, equities research analysts predict that TriNet Group, Inc. will post 3.87 earnings per share for the current year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.7%. TriNet Group's dividend payout ratio (DPR) is currently 31.02%.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the company. Quarry LP increased its position in TriNet Group by 524.7% during the third quarter. Quarry LP now owns 456 shares of the business services provider's stock worth $31,000 after buying an additional 383 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of TriNet Group during the 4th quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of TriNet Group by 160.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider's stock worth $28,000 after acquiring an additional 295 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its stake in TriNet Group by 45.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider's stock valued at $38,000 after acquiring an additional 201 shares during the period. Finally, Essential Partners LLC lifted its holdings in TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider's stock valued at $34,000 after purchasing an additional 765 shares during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on TriNet Group from $45.00 to $50.00 and gave the stock an "underweight" rating in a report on Friday, July 31st. Weiss Ratings cut shares of TriNet Group from a "hold (c-)" rating to a "sell (d+)" rating in a research report on Tuesday, August 11th. UBS Group dropped their price target on shares of TriNet Group from $62.00 to $48.00 and set a "neutral" rating for the company in a research note on Tuesday, May 5th. Zacks Research lowered shares of TriNet Group from a "strong-buy" rating to a "hold" rating in a report on Friday, July 3rd. Finally, Truist Financial raised their price objective on shares of TriNet Group from $50.00 to $62.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. One investment analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Reduce" and an average price target of $56.80.

About TriNet Group

TriNet Group, Inc is a leading professional employer organization (PEO) that offers integrated human capital management solutions to small and medium-size businesses. Through a bundled suite of services, TriNet manages payroll administration, employee benefits, workers' compensation, risk mitigation and federal and state compliance. Its cloud-based platform provides clients with centralized access to HR tools, analytics and streamlined workforce management capabilities.

Founded in 1988 and headquartered in Dublin, California, TriNet has grown to support thousands of organizations across the United States.

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