TriNet Group (NYSE:TNET) Director Wayne Lowell Sells 5,773 Shares of Stock

Key Points

• Director Wayne Lowell sold 5,773 TriNet shares at an average price of $68.71, generating approximately $396,663 and reducing his ownership by 6.26% to 86,449 shares.
• TriNet shares fell 2.0% to $67.03, despite the company reporting quarterly EPS of $1.55, well above the $0.93 analyst consensus, on revenue of $1.18 billion.
• Analysts maintain a consensus “Hold” rating with an average price target of $56.80; TriNet also pays a $0.29 quarterly dividend, equal to a 1.7% yield.

TriNet Group, Inc. (NYSE:TNET - Get Free Report) Director Wayne Lowell sold 5,773 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the completion of the sale, the director owned 86,449 shares of the company's stock, valued at $5,939,910.79. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

TriNet Group Trading Down 2.0%

TNET traded down $1.33 during midday trading on Thursday, hitting $67.03. 710,940 shares of the company were exchanged, compared to its average volume of 472,653. The firm's 50 day moving average price is $54.20 and its 200-day moving average price is $47.05. TriNet Group, Inc. has a 1-year low of $33.60 and a 1-year high of $73.07. The firm has a market capitalization of $3.08 billion, a P/E ratio of 17.92 and a beta of 0.95. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping analysts' consensus estimates of $0.93 by $0.62. The company had revenue of $1.18 billion for 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 previous year, the firm earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, equities analysts forecast that TriNet Group, Inc. will post 3.55 EPS for the current fiscal year.

TriNet Group Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were given a dividend of $0.29 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. TriNet Group's dividend payout ratio is 31.02%.

Analyst Ratings Changes

Several research firms recently issued reports on TNET. JPMorgan Chase & Co. boosted their target price on shares of TriNet Group from $45.00 to $50.00 and gave the company an "underweight" rating in a report on Friday, July 31st. TD Cowen increased their price target on TriNet Group from $46.00 to $49.00 and gave the stock a "hold" rating in a report on Friday, June 26th. Truist Financial boosted their price objective on TriNet Group from $50.00 to $62.00 and gave the company a "hold" rating in a research note on Wednesday, July 22nd. UBS Group cut their target price on TriNet Group from $62.00 to $48.00 and set a "neutral" rating on the stock in a research report on Tuesday, May 5th. Finally, Weiss Ratings raised TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a research note on Tuesday, July 28th. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Hold" and a consensus target price of $56.80.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of TNET. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of TriNet Group by 640.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,818 shares of the business services provider's stock valued at $1,881,000 after acquiring an additional 27,520 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its holdings in shares of TriNet Group by 5,911,158.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider's stock worth $41,944,000 after purchasing an additional 709,339 shares in the last quarter. Y Intercept Hong Kong Ltd lifted its holdings in shares of TriNet Group by 77.8% in the 1st quarter. Y Intercept Hong Kong Ltd now owns 59,638 shares of the business services provider's stock worth $2,173,000 after purchasing an additional 26,099 shares in the last quarter. Norges Bank acquired a new stake in TriNet Group in the 4th quarter valued at $28,266,000. Finally, Jennison Associates LLC acquired a new stake in TriNet Group in the 1st quarter valued at $958,000. 96.81% of the stock is owned by institutional investors.

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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