TriNet Group, Inc. (NYSE:TNET) Receives Average Rating of “Hold” from Analysts

Shares of TriNet Group, Inc. (NYSE:TNET) have earned a consensus recommendation of “Hold” from the seven ratings firms that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $56.80.

A number of research firms have weighed in on TNET. Truist Financial upped their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. JPMorgan Chase & Co. lifted their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, July 31st. TD Cowen upped their target price on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. UBS Group dropped their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, Weiss Ratings upgraded shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th.

Insiders Place Their Bets

In related news, Director Paul Edward Chamberlain sold 2,400 shares of the business’s stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $69.70, for a total value of $167,280.00. Following the transaction, the director owned 40,175 shares in the company, valued at approximately $2,800,197.50. The trade was a 5.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the completion of the transaction, the senior vice president directly owned 53,212 shares of the company’s stock, valued at $3,646,618.36. This represents a 1.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 10,016 shares of company stock valued at $691,600 in the last three months. 40.00% of the stock is owned by insiders.

Hedge Funds Weigh In On TriNet Group

A number of institutional investors have recently made changes to their positions in TNET. Corient Private Wealth LP boosted its stake in shares of TriNet Group by 31.0% during the 2nd quarter. Corient Private Wealth LP now owns 80,708 shares of the business services provider’s stock valued at $3,994,000 after buying an additional 19,094 shares during the last quarter. California State Teachers Retirement System increased its stake in shares of TriNet Group by 3,535.7% in the second quarter. California State Teachers Retirement System now owns 1,543,049 shares of the business services provider’s stock worth $76,365,000 after buying an additional 1,500,607 shares during the last quarter. Kaydan Wealth Management Inc. bought a new stake in shares of TriNet Group in the second quarter worth $208,000. Nykredit A S acquired a new stake in TriNet Group in the second quarter valued at $55,000. Finally, Moore Capital Management LP raised its holdings in TriNet Group by 16.4% in the second quarter. Moore Capital Management LP now owns 159,336 shares of the business services provider’s stock valued at $7,886,000 after acquiring an additional 22,500 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

TriNet Group Trading Down 0.1%

Shares of TNET opened at $70.23 on Tuesday. The stock’s 50-day moving average is $62.27 and its two-hundred day moving average is $48.25. The stock has a market cap of $3.22 billion, a PE ratio of 18.78 and a beta of 0.94. TriNet Group has a 12 month low of $33.60 and a 12 month high of $73.07. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13.

TriNet Group (NYSE:TNET) last issued its 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 return on equity of 227.28% and a net margin of 3.58%.The company had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same quarter in the prior year, the business earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Equities analysts forecast that TriNet Group will post 3.87 earnings per share for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. TriNet Group’s dividend payout ratio (DPR) is currently 31.02%.

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.