William Blair Investment Management LLC Has $28.64 Million Stock Holdings in TriNet Group, Inc. $TNET

William Blair Investment Management LLC decreased its stake in TriNet Group, Inc. (NYSE:TNET) by 7.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 391,586 shares of the business services provider’s stock after selling 30,753 shares during the period. William Blair Investment Management LLC owned approximately 0.81% of TriNet Group worth $28,641,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of TNET. American Century Companies Inc. grew its stake in shares of TriNet Group by 183.3% in the first quarter. American Century Companies Inc. now owns 858,205 shares of the business services provider’s stock worth $68,004,000 after acquiring an additional 555,258 shares during the last quarter. Wellington Management Group LLP grew its stake in shares of TriNet Group by 24.3% in the first quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider’s stock worth $160,203,000 after acquiring an additional 394,847 shares during the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in shares of TriNet Group by 90.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider’s stock worth $47,441,000 after acquiring an additional 307,440 shares during the last quarter. Nuveen LLC acquired a new stake in shares of TriNet Group in the first quarter worth $18,315,000. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of TriNet Group by 11.9% in the first quarter. Massachusetts Financial Services Co. MA now owns 2,123,201 shares of the business services provider’s stock worth $168,242,000 after acquiring an additional 225,196 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

Insider Buying and Selling

In other news, SVP Sidney A. Majalya sold 775 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was sold at an average price of $65.93, for a total value of $51,095.75. Following the completion of the sale, the senior vice president directly owned 20,933 shares in the company, valued at approximately $1,380,112.69. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the firm’s stock in a transaction on Thursday, August 7th. The shares were sold at an average price of $64.18, for a total value of $38,508.00. Following the completion of the sale, the director owned 38,440 shares of the company’s stock, valued at approximately $2,467,079.20. This trade represents a 1.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 9,170 shares of company stock valued at $611,708 in the last 90 days. 37.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on TNET shares. JPMorgan Chase & Co. lowered their price objective on shares of TriNet Group from $76.00 to $75.00 and set an “underweight” rating on the stock in a research note on Monday, July 28th. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. Two analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat.com, TriNet Group currently has an average rating of “Reduce” and a consensus target price of $96.33.

TriNet Group Stock Up 1.1%

Shares of NYSE TNET opened at $61.14 on Monday. The stock has a market cap of $2.97 billion, a PE ratio of 21.01 and a beta of 0.79. The business has a fifty day moving average of $67.07 and a two-hundred day moving average of $72.61. TriNet Group, Inc. has a 52-week low of $57.83 and a 52-week high of $98.51. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.03 by $0.12. The company had revenue of $282.90 million during the quarter, compared to analysts’ expectations 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 business earned $1.53 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities research analysts expect that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 27th. Shareholders of record on Wednesday, October 1st will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.8%. TriNet Group’s dividend payout ratio (DPR) is presently 37.80%.

TriNet Group 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.