TriNet Group (NYSE:TNET) Earns Hold Rating from Analysts at Truist Financial

Investment analysts at Truist Financial began coverage on shares of TriNet Group (NYSE:TNET) in a report released on Friday. The firm set a “hold” rating and a $62.00 price target on the business services provider’s stock. Truist Financial’s price target points to a potential upside of 7.54% from the stock’s current price.

A number of other equities analysts have also commented on TNET. JPMorgan Chase & Co. dropped their price target on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research note on Thursday, October 30th. UBS Group decreased their price objective on TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. Finally, Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Monday, November 3rd. One analyst has rated the stock with a Strong Buy rating, four have assigned a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $66.00.

TriNet Group Trading Down 0.7%

Shares of TNET opened at $57.65 on Friday. The firm has a market cap of $2.77 billion, a P/E ratio of 21.27 and a beta of 0.84. The company has a debt-to-equity ratio of 8.14, a current ratio of 1.11 and a quick ratio of 1.11. TriNet Group has a 1 year low of $54.22 and a 1 year high of $97.02. The company has a 50 day simple moving average of $60.16 and a two-hundred day simple moving average of $67.81.

TriNet Group (NYSE:TNET) last issued its earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.39. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $261.92 million. TriNet Group had a net margin of 2.64% and a return on equity of 212.38%. TriNet Group’s revenue for the quarter was down 1.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.17 earnings per share. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, equities analysts expect that TriNet Group will post 3.04 earnings per share for the current fiscal year.

Insider Activity

In other TriNet Group news, SVP Anthony Shea Treadway sold 459 shares of the stock in a transaction dated Tuesday, November 18th. The stock was sold at an average price of $54.52, for a total value of $25,024.68. Following the completion of the sale, the senior vice president directly owned 28,224 shares in the company, valued at approximately $1,538,772.48. This trade represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $65.93, for a total transaction of $51,095.75. Following the transaction, the senior vice president owned 20,933 shares in the company, valued at approximately $1,380,112.69. This trade represents a 3.57% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders have sold 3,398 shares of company stock worth $200,433. Insiders own 38.10% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

Several hedge funds have recently bought and sold shares of TNET. Vaughan Nelson Investment Management L.P. increased its holdings in TriNet Group by 90.1% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider’s stock worth $47,441,000 after acquiring an additional 307,440 shares in the last quarter. Strs Ohio acquired a new stake in TriNet Group in the 1st quarter valued at about $357,000. Heron Bay Capital Management raised its holdings in TriNet Group by 28.2% in the 2nd quarter. Heron Bay Capital Management now owns 78,620 shares of the business services provider’s stock valued at $5,750,000 after acquiring an additional 17,287 shares during the last quarter. Woodline Partners LP lifted its stake in TriNet Group by 38.3% in the 1st quarter. Woodline Partners LP now owns 63,703 shares of the business services provider’s stock worth $5,048,000 after purchasing an additional 17,625 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of TriNet Group during the 2nd quarter worth approximately $1,098,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.