TriNet Group Sees Unusually High Options Volume (NYSE:TNET)

Key Points

• TriNet saw unusually heavy options activity: Traders purchased 2,289 call options, roughly 1,367% above the typical daily volume of 156 calls.
• Analyst sentiment remains cautious: The stock carries a consensus “Reduce” rating and a $56.80 price target, despite Truist and JPMorgan raising their targets.
• Shares have risen sharply while earnings beat estimates: TNET traded at $69.00, near its 52-week high of $73.07, after reporting quarterly EPS of $1.55 versus the $0.93 consensus estimate. An insider sold 5,773 shares, while institutional investors own 96.81% of the company.

TriNet Group, Inc. (NYSE:TNET - Get Free Report) was the target of unusually large options trading on Thursday. Traders bought 2,289 call options on the stock. This represents an increase of approximately 1,367% compared to the typical daily volume of 156 call options.

Insider Activity

In related news, Director Wayne B. Lowell sold 5,773 shares of the firm's stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total transaction of $396,662.83. Following the completion of the sale, the director directly owned 86,449 shares in the company, valued at approximately $5,939,910.79. This trade represents 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 accessible through this link. Corporate insiders own 40.00% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 worth $1,506,000 after buying an additional 819 shares during the period. Millennium Management LLC raised its stake in shares of TriNet Group by 3,995.7% in the 1st 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 during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in shares of TriNet Group by 0.6% in the first 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 worth $6,068,000 after buying an additional 470 shares during the period. Jane Street Group LLC acquired a new stake in TriNet Group in the first quarter valued at approximately $3,204,000. Finally, Intech Investment Management LLC increased its stake in TriNet Group by 10.3% during the 1st 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 during the period. Hedge funds and other institutional investors own 96.81% of the company's stock.

Analyst Upgrades and Downgrades

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

TriNet Group Stock Performance

Shares of TriNet Group stock traded down $0.61 on Thursday, hitting $69.00. The stock had a trading volume of 23,771 shares, compared to its average volume of 461,065. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 18.45 and a beta of 0.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. TriNet Group has a 52-week low of $33.60 and a 52-week high of $73.07. The company's 50 day moving average price is $58.44 and its 200 day moving average price is $47.51.

TriNet Group (NYSE:TNET - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.93 by $0.62. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same quarter last year, the business posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, research analysts anticipate that TriNet Group will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

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

TriNet Group Company Profile

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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