TriNet Group, Inc. (NYSE:TNET) Receives Consensus Rating of “Reduce” from Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have been assigned a consensus recommendation of “Reduce” from the seven research firms that are covering the company, Marketbeat reports. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $55.80.

Several analysts recently weighed in on the company. JPMorgan Chase & Co. boosted their price objective on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. TD Cowen boosted their price target on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a report 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 report on Tuesday, May 5th.

TriNet Group Price Performance

Shares of TNET stock opened at $55.52 on Monday. The firm has a fifty day moving average of $46.51 and a two-hundred day moving average of $46.61. The firm has a market cap of $2.55 billion, a P/E ratio of 16.57 and a beta of 0.99. TriNet Group has a 1-year low of $33.60 and a 1-year high of $72.84. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12.

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

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.29 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.16 annualized dividend and a yield of 2.1%. TriNet Group’s payout ratio is presently 34.63%.

Insider Buying and Selling at TriNet Group

In other news, SVP Anthony Shea Treadway sold 933 shares of the firm’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the transaction, the senior vice president directly owned 67,678 shares in the company, valued at approximately $2,941,285.88. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 40.00% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

A number of institutional investors have recently modified their holdings of TNET. Quarry LP raised its stake in TriNet Group by 524.7% during 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 during the period. Aster Capital Management DIFC Ltd acquired a new position in TriNet Group in the fourth quarter valued at approximately $28,000. Caitong International Asset Management Co. Ltd grew its holdings in shares of TriNet Group by 160.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after purchasing an additional 295 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of TriNet Group by 45.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 201 shares during the last quarter. Finally, Essential Partners LLC raised its position in shares of TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after purchasing an additional 765 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.