TriNet Group (NYSE:TNET) Stock Price Expected to Rise, TD Cowen Analyst Says

TriNet Group (NYSE:TNET) had its target price upped by TD Cowen from $46.00 to $49.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the business services provider’s stock. TD Cowen’s target price would indicate a potential downside of 0.12% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. JPMorgan Chase & Co. raised their price objective on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. UBS Group dropped their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, TriNet Group presently has a consensus rating of “Hold” and a consensus target price of $55.80.

TriNet Group Price Performance

NYSE:TNET traded up $1.81 on Friday, hitting $49.06. The company had a trading volume of 92,347 shares, compared to its average volume of 483,517. The stock has a market capitalization of $2.25 billion, a price-to-earnings ratio of 14.64 and a beta of 1.01. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. The firm has a 50 day moving average of $43.54 and a two-hundred day moving average of $47.00. TriNet Group has a 52 week low of $33.60 and a 52 week high of $76.09.

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

Insider Transactions at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total value of $28,690.50. Following the transaction, the senior vice president directly owned 55,750 shares of the company’s stock, valued at $2,063,865. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 TriNet Group stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total value of $40,548.18. Following the completion of the transaction, the senior vice president directly owned 67,678 shares in the company, valued at approximately $2,941,285.88. This represents a 1.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 40.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Boston Partners acquired a new position in shares of TriNet Group in the 3rd quarter worth approximately $97,712,000. Northwestern Mutual Wealth Management Co. increased its position in shares of TriNet Group by 5,911,158.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after buying an additional 709,339 shares during the period. Norges Bank bought a new position in TriNet Group during the fourth quarter worth $28,266,000. Millennium Management LLC raised its stake in TriNet Group by 1,047.5% during the fourth quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock worth $27,675,000 after buying an additional 427,242 shares during the last quarter. Finally, Man Group plc lifted its holdings in TriNet Group by 286.6% in the third quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock valued at $31,365,000 after buying an additional 347,622 shares during the period. Institutional investors own 96.81% of the company’s stock.

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.