Moore Capital Management LP grew its holdings in TriNet Group, Inc. (NYSE:TNET – Free Report) by 16.4% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 159,336 shares of the business services provider’s stock after acquiring an additional 22,500 shares during the quarter. Moore Capital Management LP owned 0.35% of TriNet Group worth $7,886,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds have also bought and sold shares of TNET. BlackRock Inc. acquired a new position in shares of TriNet Group during the second quarter valued at about $128,161,000. Boston Partners bought a new stake in shares of TriNet Group in the 3rd quarter worth about $97,712,000. Earnest Partners LLC boosted its holdings in shares of TriNet Group by 3.4% in the 4th quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock worth $53,118,000 after acquiring an additional 29,613 shares in the last quarter. Dimensional Fund Advisors LP increased its holdings in TriNet Group by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock valued at $52,845,000 after purchasing an additional 5,036 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its stake in shares of TriNet Group by 5,911,158.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock valued at $41,944,000 after buying an additional 709,339 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.
Insider Transactions at TriNet Group
In other news, SVP Anthony Shea Treadway sold 1,068 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total value of $74,546.40. Following the sale, the senior vice president directly owned 65,506 shares of the company’s stock, valued at approximately $4,572,318.80. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction dated Thursday, August 20th. The stock was sold at an average price of $68.53, for a total value of $53,110.75. Following the transaction, the senior vice president directly owned 53,212 shares of the company’s stock, valued at $3,646,618.36. The trade was a 1.44% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 7,616 shares of company stock worth $524,320 in the last ninety days. Company insiders own 40.00% of the company’s stock.
Analyst Upgrades and Downgrades
Read Our Latest Stock Report on TNET
TriNet Group Stock Performance
NYSE:TNET opened at $70.60 on Monday. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13. The company has a market cap of $3.24 billion, a price-to-earnings ratio of 18.88 and a beta of 0.95. The stock has a fifty day moving average price of $61.73 and a 200-day moving average price of $48.11. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $73.07.
TriNet Group (NYSE:TNET – Get Free Report) last posted its quarterly earnings results 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 during the quarter, compared to analysts’ expectations 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 in the previous year, the firm earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, equities analysts anticipate that TriNet Group, Inc. will post 3.87 EPS for the current fiscal year.
TriNet Group Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.6%. 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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