Insider Buying: TriNet Group (NYSE:TNET) Director Purchases $188,500.00 in Stock

TriNet Group, Inc. (NYSE:TNET) Director Brian Evanko purchased 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 4th. The shares were purchased at an average price of $37.70 per share, for a total transaction of $188,500.00. Following the completion of the transaction, the director directly owned 9,565 shares of the company’s stock, valued at $360,600.50. This represents a 109.53% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

TriNet Group Trading Down 0.3%

NYSE TNET opened at $42.52 on Thursday. 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, Inc. has a twelve month low of $33.60 and a twelve month high of $84.84. The firm has a market capitalization of $1.95 billion, a PE ratio of 12.69 and a beta of 1.02. The stock’s 50 day moving average is $39.02 and its 200 day moving average is $49.06.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share 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 for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the company posted $1.99 earnings per share. The firm’s revenue was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Research analysts forecast that TriNet Group, Inc. will post 3.55 earnings per share for the current fiscal year.

TriNet Group announced that its board has authorized a stock buyback plan on Thursday, February 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock buyback plans are typically a sign that the company’s leadership believes its stock is undervalued.

TriNet Group Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Wednesday, April 1st were given a dividend of $0.29 per share. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, April 1st. TriNet Group’s dividend payout ratio is presently 34.63%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. 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 report on Tuesday, May 5th. Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Stifel Nicolaus dropped their target price on TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 13th. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, JPMorgan Chase & Co. boosted their target price on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $55.20.

Institutional Investors Weigh In On TriNet Group

Hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd boosted its holdings in TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after acquiring an additional 295 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in TriNet Group in the fourth quarter worth $28,000. Mirae Asset Global Investments Co. Ltd. boosted its holdings in TriNet Group by 106.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock worth $30,000 after acquiring an additional 229 shares in the last quarter. Quarry LP boosted its holdings in TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after acquiring an additional 383 shares in the last quarter. Finally, Cache Advisors LLC bought a new position in shares of TriNet Group during the first quarter valued at $36,000. 96.81% of the stock is owned by institutional investors.

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.