TriNet Group (NYSE:TNET) Announces Quarterly Earnings Results

TriNet Group (NYSE:TNET) posted its earnings results on Friday. The business services provider reported $0.95 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.09 by ($0.14), reports. TriNet Group had a return on equity of 397.90% and a net margin of 6.29%. The firm had revenue of $288.00 million during the quarter, compared to analysts’ expectations of $297.94 million. TriNet Group updated its Q4 2024 guidance to 0.060-0.570 EPS and its FY 2024 guidance to 4.950-5.450 EPS.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $80.31 on Friday. The company’s fifty day moving average price is $96.79 and its 200-day moving average price is $102.72. The firm has a market capitalization of $3.99 billion, a price-to-earnings ratio of 13.57 and a beta of 1.17. TriNet Group has a one year low of $74.32 and a one year high of $134.67. The company has a debt-to-equity ratio of 9.84, a current ratio of 1.04 and a quick ratio of 1.04.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, October 28th. Stockholders of record on Tuesday, October 1st will be issued a $0.25 dividend. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.25%. The ex-dividend date of this dividend is Tuesday, October 1st. TriNet Group’s payout ratio is 16.89%.

Analyst Ratings Changes

Several research firms have issued reports on TNET. Needham & Company LLC reiterated a “buy” rating and issued a $140.00 target price on shares of TriNet Group in a research note on Wednesday, September 11th. JPMorgan Chase & Co. reiterated an “underweight” rating and issued a $103.00 target price on shares of TriNet Group in a research note on Tuesday, October 22nd. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $118.40.

Insider Transactions at TriNet Group

In related news, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the transaction, the director now owns 37,966 shares of the company’s stock, valued at approximately $4,043,379. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CFO Kelly L. Tuminelli sold 4,683 shares of the stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $102.96, for a total transaction of $482,161.68. Following the transaction, the chief financial officer now owns 82,409 shares of the company’s stock, valued at approximately $8,484,830.64. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Paul Edward Chamberlain sold 375 shares of the stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $106.50, for a total transaction of $39,937.50. Following the transaction, the director now directly owns 37,966 shares in the company, valued at approximately $4,043,379. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders own 37.10% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

Large investors have recently added to or reduced their stakes in the company. Rothschild Investment LLC bought a new stake in TriNet Group in the 2nd quarter worth $45,000. Blue Trust Inc. grew its holdings in TriNet Group by 24.9% in the 2nd quarter. Blue Trust Inc. now owns 522 shares of the business services provider’s stock worth $52,000 after acquiring an additional 104 shares during the last quarter. LRI Investments LLC bought a new stake in TriNet Group in the 1st quarter worth $81,000. Avion Wealth grew its holdings in TriNet Group by 19.2% in the 2nd quarter. Avion Wealth now owns 800 shares of the business services provider’s stock worth $80,000 after acquiring an additional 129 shares during the last quarter. Finally, Headlands Technologies LLC bought a new stake in TriNet Group in the 2nd quarter worth $93,000. 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.