TriNet Group (NYSE:TNET) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

TriNet Group, Inc. (NYSE:TNET)’s share price crossed below its 50-day moving average during trading on Monday. The stock has a 50-day moving average of $67.68 and traded as low as $62.93. TriNet Group shares last traded at $64.0660, with a volume of 396,458 shares trading hands.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on TNET shares. Truist Financial raised their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. TD Cowen boosted their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. upped their price target on TriNet Group from $45.00 to $50.00 and gave the company an “underweight” rating in a research note on Friday, July 31st. One research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $56.80.

TriNet Group Price Performance

The company has a 50-day moving average of $67.57 and a 200-day moving average of $53.37. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13. The firm has a market capitalization of $2.95 billion, a price-to-earnings ratio of 17.20 and a beta of 0.99.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the prior year, the company earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, research analysts anticipate that TriNet Group, Inc. will post 3.87 EPS for the current fiscal year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders 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 annualized dividend and a yield of 1.8%. TriNet Group’s payout ratio is presently 31.02%.

Insider Buying and Selling at TriNet Group

In other news, Director Wayne Lowell sold 5,773 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the sale, the director owned 86,449 shares of the company’s stock, valued at $5,939,910.79. The trade was a 6.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Sidney Majalya sold 775 shares of the stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $68.53, for a total transaction of $53,110.75. Following the transaction, the senior vice president owned 53,212 shares of the company’s stock, valued at $3,646,618.36. The trade was a 1.44% decrease in their position. 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 valued at $691,600 over the last ninety days. 40.00% of the stock is currently owned by company insiders.

Institutional Trading of TriNet Group

Institutional investors and hedge funds have recently bought and sold shares of the stock. Caitong International Asset Management Co. Ltd grew 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 purchasing an additional 295 shares during the period. GAMMA Investing LLC raised its stake in TriNet Group by 63.6% in the second quarter. GAMMA Investing LLC now owns 1,350 shares of the business services provider’s stock valued at $67,000 after buying an additional 525 shares during the period. PNC Financial Services Group Inc. lifted its position in shares of TriNet Group by 19.6% in the first quarter. PNC Financial Services Group Inc. now owns 4,113 shares of the business services provider’s stock valued at $150,000 after buying an additional 675 shares during the last quarter. Essential Partners LLC boosted its stake 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 acquiring an additional 765 shares during the period. Finally, IFP Advisors Inc increased its holdings in shares of TriNet Group by 424.3% during the 2nd quarter. IFP Advisors Inc now owns 1,164 shares of the business services provider’s stock worth $58,000 after acquiring an additional 942 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

TriNet Group Company Profile

TriNet Group, Inc is a professional employer organization (PEO) and human resources services company that helps small and midsize businesses manage employment-related administrative responsibilities. Through its co-employment model, TriNet supports clients with payroll administration, employee benefits, human capital management and regulatory compliance.

The company offers cloud-based solutions covering human resources, payroll, time and attendance, talent management, benefits administration and workforce analytics.