TriNet Group (NYSE:TNET) Hits New 1-Year Low – Here’s Why

TriNet Group, Inc. (NYSE:TNET) shares reached a new 52-week low during trading on Tuesday . The company traded as low as $57.24 and last traded at $56.9050, with a volume of 616532 shares trading hands. The stock had previously closed at $60.02.

Analysts Set New Price Targets

TNET has been the subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, October 8th. JPMorgan Chase & Co. cut their price target on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Finally, UBS Group lowered their price objective on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Three equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Reduce” and an average target price of $67.33.

TriNet Group Price Performance

The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.10. The firm has a fifty day moving average of $66.03 and a two-hundred day moving average of $71.42. The stock has a market capitalization of $2.78 billion, a P/E ratio of 21.34 and a beta of 0.79.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.72 by $0.39. TriNet Group had a net margin of 2.64% and a return on equity of 232.60%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $261.92 million. During the same quarter in the previous year, the business posted $1.17 EPS. The company’s quarterly revenue was down 1.6% compared to the same quarter last year. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, analysts predict that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Wednesday, October 1st were given a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Wednesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is 40.59%.

Insiders Place Their Bets

In other news, Director Ralph A. Clark sold 3,000 shares of the business’s stock in a transaction on Wednesday, August 20th. The stock was sold at an average price of $66.42, for a total value of $199,260.00. Following the completion of the transaction, the director directly owned 9,390 shares of the company’s stock, valued at approximately $623,683.80. The trade was a 24.21% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Sidney A. 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 value of $51,095.75. Following the sale, 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. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 9,170 shares of company stock worth $611,708. Insiders own 38.10% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Bank of New York Mellon Corp boosted its stake in TriNet Group by 4.4% in the first quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider’s stock valued at $18,406,000 after acquiring an additional 9,821 shares in the last quarter. DekaBank Deutsche Girozentrale lifted its holdings in shares of TriNet Group by 15.9% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 39,096 shares of the business services provider’s stock valued at $3,020,000 after purchasing an additional 5,353 shares during the last quarter. Linden Thomas Advisory Services LLC boosted its position in shares of TriNet Group by 9.6% in the 1st quarter. Linden Thomas Advisory Services LLC now owns 8,476 shares of the business services provider’s stock worth $672,000 after purchasing an additional 745 shares in the last quarter. Cerity Partners LLC grew its stake in TriNet Group by 70.6% during the 1st quarter. Cerity Partners LLC now owns 5,853 shares of the business services provider’s stock worth $464,000 after buying an additional 2,423 shares during the last quarter. Finally, Xponance Inc. increased its position in TriNet Group by 6.4% during the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider’s stock valued at $207,000 after buying an additional 157 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

About TriNet Group

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.