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

Key Points

• Sidney Majalya, SVP of TriNet Group, sold 775 shares at an average price of $65.93, resulting in a 3.57% decrease in his ownership position.
• TriNet Group reported Q2 earnings of $1.15 per share, exceeding analysts' expectations, and has set its FY 2025 guidance between 3.250 and 4.750 EPS.
• The company has declared a quarterly dividend of $0.275, with an annualized yield of 1.7%, payable on October 27th to shareholders of record from October 1st.

TriNet Group, Inc. (NYSE:TNET - Get Free Report) SVP Sidney Majalya sold 775 shares of the firm's stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $65.93, for a total transaction of $51,095.75. Following the completion of the transaction, the senior vice president directly owned 20,933 shares in the company, valued at approximately $1,380,112.69. The trade was a 3.57% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website.

TriNet Group Stock Performance

NYSE TNET traded up $1.74 during trading hours on Friday, reaching $66.04. 366,220 shares of the company were exchanged, compared to its average volume of 437,298. The business's 50 day simple moving average is $67.71 and its 200-day simple moving average is $73.90. TriNet Group, Inc. has a 1 year low of $62.55 and a 1 year high of $99.78. The stock has a market capitalization of $3.21 billion, a P/E ratio of 22.69 and a beta of 0.79. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings results on Friday, July 25th. The business services provider reported $1.15 EPS for the quarter, topping analysts' consensus estimates of $1.03 by $0.12. The firm had revenue of $282.90 million during the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a return on equity of 208.35% and a net margin of 2.85%.During the same period last year, the company earned $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, equities research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Wednesday, October 1st will be paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a yield of 1.7%. The ex-dividend date of this dividend is Wednesday, October 1st. TriNet Group's payout ratio is 37.80%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. JPMorgan Chase & Co. decreased their price objective on TriNet Group from $76.00 to $75.00 and set an "underweight" rating for the company in a report on Monday, July 28th. Weiss Ratings reiterated a "sell (d+)" rating on shares of TriNet Group in a research report on Saturday, September 27th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average target price of $96.33.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TNET. Massachusetts Financial Services Co. MA raised its stake in TriNet Group by 11.9% in the 1st quarter. Massachusetts Financial Services Co. MA now owns 2,123,201 shares of the business services provider's stock valued at $168,242,000 after purchasing an additional 225,196 shares during the last quarter. Wellington Management Group LLP grew its stake in TriNet Group by 24.3% during the 1st quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider's stock worth $160,203,000 after purchasing an additional 394,847 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of TriNet Group by 35.2% in the 2nd quarter. American Century Companies Inc. now owns 1,160,037 shares of the business services provider's stock valued at $84,845,000 after purchasing an additional 301,832 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its holdings in shares of TriNet Group by 90.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider's stock valued at $47,441,000 after buying an additional 307,440 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its position in TriNet Group by 5.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 519,774 shares of the business services provider's stock worth $41,187,000 after purchasing an additional 25,938 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

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.

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