TriNet Group (NYSE:TNET) Price Target Raised to $62.00

TriNet Group (NYSE:TNET) had its price target increased by Truist Financial from $50.00 to $62.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have a hold rating on the business services provider’s stock.

A number of other equities research analysts also recently weighed in on the company. Zacks Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. TD Cowen raised 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. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. boosted their price objective on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Finally, UBS Group cut their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Reduce” and a consensus price target of $55.80.

TriNet Group Price Performance

TNET opened at $61.61 on Wednesday. TriNet Group has a one year low of $33.60 and a one 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. The company’s 50 day simple moving average is $50.05 and its 200-day simple moving average is $46.76. The stock has a market capitalization of $2.83 billion, a P/E ratio of 18.39 and a beta of 0.99.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share 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 during the quarter, compared to analyst estimates of $1.08 billion. During the same quarter last year, the business posted $1.99 earnings per share. TriNet Group’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. Sell-side analysts anticipate that TriNet Group 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. Investors of record on Wednesday, July 1st will be issued a dividend of $0.29 per share. The ex-dividend date is Wednesday, July 1st. This represents a $1.16 dividend on an annualized basis and a yield of 1.9%. TriNet Group’s payout ratio is currently 34.63%.

Insider Buying and Selling

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 40.00% of the company’s stock.

Institutional Trading of TriNet Group

A number of large investors have recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd lifted its holdings in 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 worth $28,000 after acquiring an additional 295 shares in the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of TriNet Group in the fourth quarter worth about $28,000. Quarry LP raised its position in shares of 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 purchasing an additional 383 shares during the period. Essential Partners LLC lifted its holdings 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 valued at $34,000 after purchasing an additional 765 shares in the last quarter. Finally, Cache Advisors LLC bought a new position in shares of TriNet Group during the 1st quarter valued at about $36,000. Institutional investors own 96.81% of the company’s stock.

TriNet Group Company Profile

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.