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

Shares of TriNet Group, Inc. (NYSE:TNET) have earned an average rating of “Reduce” from the seven analysts that are covering the company, Marketbeat reports. Three equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $65.80.

A number of brokerages have commented on TNET. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. Stifel Nicolaus cut their price objective on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Zacks Research lowered shares of TriNet Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Truist Financial assumed coverage on shares of TriNet Group in a research report on Friday, December 5th. They issued a “hold” rating and a $62.00 price target for the company. Finally, TD Cowen reduced their price objective on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, January 8th.

TriNet Group Stock Performance

Shares of TNET opened at $37.90 on Friday. The firm has a market capitalization of $1.79 billion, a P/E ratio of 11.99 and a beta of 0.87. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09. TriNet Group has a one year low of $33.60 and a one year high of $88.56. The business has a fifty day moving average of $42.77 and a 200 day moving average of $54.50.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.09. The business had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The business’s revenue for the quarter was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, sell-side analysts anticipate that TriNet Group will post 3.04 EPS for the current year.

TriNet Group announced that its board has approved a share buyback plan on Thursday, February 12th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to purchase up to 18.4% of its shares through open market purchases. Shares buyback plans are typically an indication that the company’s leadership believes its shares are undervalued.

TriNet Group Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st will be issued a dividend of $0.29 per share. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Wednesday, April 1st. TriNet Group’s payout ratio is 36.71%.

Insider Activity at TriNet Group

In other news, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total value of $28,690.50. Following the completion of the transaction, the senior vice president owned 55,750 shares of the company’s stock, valued at $2,063,865. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 2,037 shares of company stock valued at $96,993 in the last quarter. 38.10% of the stock is owned by insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the business. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in TriNet Group by 3.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after purchasing an additional 185 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position 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 buying an additional 201 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of TriNet Group by 4.8% in the third quarter. Farther Finance Advisors LLC now owns 4,672 shares of the business services provider’s stock worth $313,000 after buying an additional 216 shares in the last quarter. Caitong International Asset Management Co. Ltd lifted its holdings in shares of TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after buying an additional 295 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of TriNet Group by 5.9% during the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after acquiring an additional 317 shares during the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

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.