TriNet Group (NYSE:TNET) Stock Price Up 6.7% – Here’s What Happened

TriNet Group, Inc. (NYSE:TNET) rose 6.7% on Thursday . The company traded as high as $61.19 and last traded at $61.2350. 221,221 shares traded hands during trading, a decline of 53% from the average daily volume of 469,171 shares. The stock had previously closed at $57.40.

Analyst Upgrades and Downgrades

A number of brokerages have commented on TNET. JPMorgan Chase & Co. upped their price target on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Zacks Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. TD Cowen raised their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, UBS Group dropped their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Reduce” and a consensus target price of $55.80.

TriNet Group Trading Up 5.2%

The firm’s 50 day simple moving average is $47.36 and its two-hundred day simple moving average is $46.60. The stock has a market capitalization of $2.77 billion, a P/E ratio of 18.03 and a beta of 0.99. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, beating the consensus estimate of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same period last year, the business posted $1.99 EPS. The firm’s revenue for the quarter was down 5.1% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, analysts forecast that TriNet Group, Inc. will post 3.55 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be paid a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st. TriNet Group’s dividend payout ratio (DPR) is 34.63%.

Insider Activity at TriNet Group

In other news, SVP Anthony Shea Treadway sold 933 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the completion of the sale, the senior vice president owned 67,678 shares in the company, valued at $2,941,285.88. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is currently owned by corporate insiders.

Institutional Trading of TriNet Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of TriNet Group by 640.3% during the fourth quarter. Mitsubishi UFJ Trust & Banking Corp now owns 31,818 shares of the business services provider’s stock valued at $1,881,000 after purchasing an additional 27,520 shares in the last quarter. Northwestern Mutual Wealth Management Co. grew its position in TriNet Group by 5,911,158.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after purchasing an additional 709,339 shares in the last quarter. JPMorgan Chase & Co. increased its stake in TriNet Group by 109.2% in the 3rd quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock valued at $14,722,000 after buying an additional 114,892 shares during the last quarter. Norges Bank purchased a new stake in shares of TriNet Group during the 4th quarter valued at $28,266,000. Finally, Y Intercept Hong Kong Ltd grew its position in TriNet Group by 77.8% during the first quarter. Y Intercept Hong Kong Ltd now owns 59,638 shares of the business services provider’s stock valued at $2,173,000 after buying an additional 26,099 shares during the period. Institutional investors own 96.81% of the company’s stock.

About TriNet Group

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.