TriNet Group, Inc. (NYSE:TNET) Given Average Rating of “Hold” by Brokerages

TriNet Group, Inc. (NYSE:TNET) has earned a consensus rating of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $55.20.

TNET has been the subject of several recent research reports. UBS Group decreased their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. TD Cowen lifted their price objective on TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on shares of TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, May 1st.

Insiders Place Their Bets

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction dated Wednesday, April 1st. The shares were 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 directly owned 55,750 shares in the company, valued at approximately $2,063,865. The trade was a 1.37% 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. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anthony Shea Treadway sold 933 shares of the business’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the completion of the transaction, the senior vice president owned 67,678 shares of the company’s stock, valued at $2,941,285.88. This represents a 1.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TriNet Group

A number of large investors have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH raised its holdings in TriNet Group by 3.2% in the fourth 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 in the last quarter. Mirae Asset Global Investments Co. Ltd. raised its holdings in TriNet Group by 45.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after purchasing an additional 201 shares in the last quarter. Caitong International Asset Management Co. Ltd raised its holdings in 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 purchasing an additional 295 shares in the last quarter. Quantinno Capital Management LP grew its stake 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. Finally, ProShare Advisors LLC grew its stake in shares of TriNet Group by 6.8% during the fourth quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock worth $323,000 after acquiring an additional 346 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Performance

TNET stock opened at $42.71 on Friday. 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 business has a 50-day moving average price of $39.25 and a 200 day moving average price of $48.89. The company has a market capitalization of $1.96 billion, a P/E ratio of 12.75 and a beta of 1.02. TriNet Group has a 1-year low of $33.60 and a 1-year high of $84.08.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 earnings per share for the quarter, beating the consensus estimate of $1.84 by $0.64. The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.99 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, equities research analysts forecast that TriNet Group will post 3.55 EPS for the current fiscal year.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were issued a $0.29 dividend. 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 2.7%. The ex-dividend date was Wednesday, April 1st. TriNet Group’s dividend payout ratio is presently 34.63%.

TriNet Group declared that its Board of Directors has approved a share buyback program on Thursday, February 12th that permits the company to repurchase $400.00 million in shares. This repurchase authorization permits the business services provider to purchase up to 18.4% of its stock through open market purchases. Stock repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

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.