TriNet Group (NYSE:TNET) Reaches New 1-Year High – Here’s What Happened

TriNet Group, Inc. (NYSE:TNET) reached a new 52-week high during mid-day trading on Thursday. The company traded as high as $73.09 and last traded at $74.02, with a volume of 54,135 shares. The stock had previously closed at $71.03.

Wall Street Analyst Weigh In

Several research firms have recently commented on TNET. Weiss Ratings upgraded shares of TriNet Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Truist Financial upped their target price on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. Zacks Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. raised their target price on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. Finally, TD Cowen lifted their price target on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $56.80.

TriNet Group Trading Up 5.1%

The stock has a 50-day moving average of $67.46 and a 200 day moving average of $55.73. The stock has a market cap of $3.43 billion, a PE ratio of 19.96 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, topping the consensus estimate of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The company had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the company earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, sell-side analysts anticipate that TriNet Group, Inc. will post 3.87 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Thursday, October 1st will be paid a $0.29 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.6%. TriNet Group’s dividend payout ratio is presently 31.02%.

Insider Buying and Selling at TriNet Group

In related news, Director Paul Chamberlain sold 2,400 shares of the firm’s stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $69.70, for a total transaction of $167,280.00. Following the completion of the transaction, the director owned 40,175 shares of the company’s stock, valued at $2,800,197.50. This trade represents a 5.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, SVP Anthony Shea Treadway sold 1,068 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total transaction of $74,546.40. Following the completion of the sale, the senior vice president directly owned 65,506 shares in the company, valued at approximately $4,572,318.80. The trade was a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 10,016 shares of company stock worth $691,600 over the last ninety days. 40.00% of the stock is owned by insiders.

Hedge Funds Weigh In On TriNet Group

Several institutional investors and hedge funds have recently modified their holdings of the stock. Arrowstreet Capital Limited Partnership acquired a new position in shares of TriNet Group in the 1st quarter valued at $1,267,000. Canada Pension Plan Investment Board purchased a new stake in TriNet Group during the second quarter worth $747,000. GSA Capital Partners LLP acquired a new stake in TriNet Group during the second quarter valued at $3,602,000. Quantinno Capital Management LP grew its position in TriNet Group by 1,052.6% during the first quarter. Quantinno Capital Management LP now owns 135,470 shares of the business services provider’s stock valued at $4,935,000 after buying an additional 123,717 shares during the period. Finally, Hsbc Holdings PLC acquired a new stake in TriNet Group during the second quarter valued at $910,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Company Profile

TriNet Group, Inc is a professional employer organization (PEO) that provides human resources services to small and midsize businesses in the United States. The company helps clients manage employment-related administrative responsibilities while supporting their workforce and business operations.

TriNet’s services include payroll processing, employee benefits, human capital management technology, talent management, risk mitigation, and assistance with employment-related compliance. Its offerings are designed to help businesses handle functions such as onboarding, time and attendance, employee development, and regulatory requirements.

Founded in 1988 by Martin Babinec, TriNet serves businesses across the United States through industry-focused solutions and cloud-based platforms.