TriNet Group (NYSE:TNET) Releases Quarterly Earnings Results, Beats Expectations By $0.12 EPS

Key Points

• TriNet Group reported earnings of $1.15 per share for the quarter, exceeding estimates by $0.12 and also surpassing revenue expectations of $282.90 million.
• The company has updated its FY 2025 EPS guidance to a range of 3.250 to 4.750.
• Shares of TriNet Group rose 4.9% following the earnings report, with significant insider selling activity also noted recently.

TriNet Group (NYSE:TNET - Get Free Report) announced its earnings results on Friday. The business services provider reported $1.15 EPS for the quarter, beating the consensus estimate of $1.03 by $0.12, RTT News reports. The company had revenue of $282.90 million during the quarter, compared to the consensus estimate of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. During the same quarter in the prior year, the company posted $1.53 earnings per share. TriNet Group updated its FY 2025 guidance to 3.250-4.750 EPS.

TriNet Group Stock Performance

NYSE:TNET traded down $0.98 during trading hours on Wednesday, reaching $69.22. The stock had a trading volume of 643,676 shares, compared to its average volume of 445,900. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.08 and a current ratio of 1.10. The stock has a 50 day simple moving average of $74.81 and a 200 day simple moving average of $78.88. TriNet Group has a 12-month low of $63.23 and a 12-month high of $108.65. The stock has a market cap of $3.36 billion, a P/E ratio of 23.79 and a beta of 0.84.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 28th. Investors of record on Tuesday, July 1st were issued a $0.275 dividend. The ex-dividend date of this dividend was Tuesday, July 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.59%. TriNet Group's dividend payout ratio (DPR) is presently 37.80%.

Insiders Place Their Bets

In related news, SVP Sidney A. Majalya sold 500 shares of the business's stock in a transaction dated Wednesday, May 21st. The stock was sold at an average price of $83.14, for a total value of $41,570.00. Following the sale, the senior vice president directly owned 23,033 shares in the company, valued at approximately $1,914,963.62. The trade was a 2.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction dated Tuesday, May 27th. The stock was sold at an average price of $82.04, for a total transaction 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 $2,701,741.28. The trade was a 4.18% decrease in their position. The disclosure for this sale can be found here. Insiders sold 2,120 shares of company stock valued at $175,291 over the last three months. Company insiders own 37.10% of the company's stock.

Hedge Funds Weigh In On TriNet Group

Several hedge funds have recently made changes to their positions in TNET. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in 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 buying an additional 470 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in TriNet Group by 4.5% during 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 in the last quarter. Intech Investment Management LLC grew its stake 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 valued at $1,336,000 after acquiring an additional 1,577 shares in the last quarter. Jane Street Group LLC purchased a new position in TriNet Group during the first quarter valued at approximately $3,204,000. Finally, Millennium Management LLC grew its stake in TriNet Group by 3,995.7% during the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider's stock valued at $11,008,000 after acquiring an additional 135,534 shares in the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, JPMorgan Chase & Co. decreased 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.

TriNet Group Company 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.