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

Key Points

• SVP Sidney Majalya sold 775 shares of TriNet (NYSE:TNET) on April 1 at an average price of $37.02 under a pre-arranged Rule 10b5-1 plan, reducing his position by 1.37% to 55,750 shares (about $2.06M).
• Board authorized a $400.00 million share repurchase program, which permits buybacks of up to 18.4% of outstanding stock and signals management may view the shares as undervalued.
• Quarterly dividend increased to $0.29 (annualized $1.16), implying a ~3.1% yield; the dividend is payable April 27 to shareholders of record April 1.

TriNet Group, Inc. (NYSE:TNET - Get Free Report) SVP Sidney Majalya sold 775 shares of the company's stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total transaction of $28,690.50. Following the transaction, the senior vice president owned 55,750 shares in the company, valued at $2,063,865. The trade was a 1.37% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

TriNet Group Stock Performance

Shares of NYSE:TNET traded up $0.10 on Friday, hitting $37.90. 639,559 shares of the company were exchanged, compared to its average volume of 500,337. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $88.56. The stock's 50 day moving average price is $42.77 and its 200 day moving average price is $54.50. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57. The firm has a market capitalization of $1.79 billion, a P/E ratio of 11.99 and a beta of 0.87.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. The firm had revenue of $1.25 billion for the quarter, compared to the consensus estimate of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The firm's revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Sell-side analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the business services provider to repurchase up to 18.4% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st will be issued a $0.29 dividend. This is a boost from TriNet Group's previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, April 1st. TriNet Group's dividend payout ratio is currently 36.71%.

Institutional Trading of TriNet Group

Several hedge funds and other institutional investors have recently bought and sold shares of TNET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in TriNet Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider's stock valued at $1,506,000 after acquiring an additional 819 shares during the period. Millennium Management LLC increased its holdings in shares of TriNet Group by 3,995.7% during the 1st quarter. Millennium Management LLC now owns 138,926 shares of the business services provider's stock valued at $11,008,000 after purchasing an additional 135,534 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of TriNet Group by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider's stock valued at $6,068,000 after purchasing an additional 470 shares in the last quarter. Jane Street Group LLC acquired a new position in shares of TriNet Group in the 1st quarter valued at $3,204,000. Finally, Intech Investment Management LLC boosted its holdings in TriNet Group by 10.3% during the first quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider's stock worth $1,336,000 after buying an additional 1,577 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

TNET has been the topic of a number of recent research reports. Stifel Nicolaus dropped their target price on TriNet Group from $97.00 to $75.00 and set a "buy" rating on the stock in a research report on Friday, February 13th. Zacks Research cut shares of TriNet Group from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 19th. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TriNet Group in a report on Wednesday, January 21st. TD Cowen cut their price objective on shares of TriNet Group from $65.00 to $64.00 and set a "hold" rating on the stock in a research note on Thursday, January 8th. Finally, Truist Financial started coverage on shares of TriNet Group in a report on Friday, December 5th. They set a "hold" rating and a $62.00 target price for the company. One equities research analyst has rated the stock with a Buy rating, three have given a Hold rating and three have issued a Sell rating to the company. According to data from MarketBeat, TriNet Group currently has a consensus rating of "Reduce" and an average price target of $65.80.

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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