TriNet Group, Inc. (NYSE:TNET) Stock Has Consensus Target Price of $56.80 According to Brokerages

TriNet Group, Inc. (NYSE:TNET) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $56.80.

TNET has been the topic of a number of research reports. Weiss Ratings upgraded shares of TriNet Group from a “hold (c-)” rating to a “hold (c)” rating in a report on Friday, October 9th. Truist Financial lifted their price target on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd. JPMorgan Chase & Co. boosted their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. Finally, TD Cowen upped their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th.

TriNet Group Price Performance

Shares of TriNet Group stock opened at $70.85 on Wednesday. The company’s fifty day simple moving average is $67.37 and its two-hundred day simple moving average is $55.49. TriNet Group has a 12-month low of $33.60 and a 12-month high of $73.07. The firm has a market cap of $3.25 billion, a PE ratio of 18.94 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.93 by $0.62. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the firm earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, equities analysts expect that TriNet Group will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Thursday, October 1st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.6%. TriNet Group’s dividend payout ratio (DPR) is presently 31.02%.

Insiders Place Their Bets

In other TriNet Group news, Director Wayne B. Lowell sold 5,773 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total transaction of $396,662.83. Following the completion of the sale, the director directly owned 86,449 shares in the company, valued at $5,939,910.79. The trade was a 6.26% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total transaction of $53,110.75. Following the sale, the senior vice president directly owned 53,212 shares of the company’s stock, valued at approximately $3,646,618.36. This represents a 1.44% 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 sold a total of 10,016 shares of company stock worth $691,600 in the last 90 days. Corporate insiders own 40.00% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

Hedge funds have recently modified their holdings of the company. Nisa Investment Advisors LLC increased its stake in TriNet Group by 68.0% in the 3rd quarter. Nisa Investment Advisors LLC now owns 2,530 shares of the business services provider’s stock worth $158,000 after buying an additional 1,024 shares in the last quarter. Abel Hall LLC bought a new stake in TriNet Group during the third quarter valued at about $224,000. Fortitude Family Office LLC raised its holdings in TriNet Group by 473.3% during the third quarter. Fortitude Family Office LLC now owns 602 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 497 shares during the period. Farther Finance Advisors LLC raised its holdings in TriNet Group by 65.7% during the third quarter. Farther Finance Advisors LLC now owns 2,894 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 1,147 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new position in shares of TriNet Group in the second quarter valued at about $175,000. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Company Profile

TriNet Group, Inc is a professional employer organization (PEO) that provides human resources services to small and midsize businesses in the United States. The company helps clients manage employment-related administrative responsibilities while supporting their workforce and business operations.

TriNet’s services include payroll processing, employee benefits, human capital management technology, talent management, risk mitigation, and assistance with employment-related compliance. Its offerings are designed to help businesses handle functions such as onboarding, time and attendance, employee development, and regulatory requirements.

Founded in 1988 by Martin Babinec, TriNet serves businesses across the United States through industry-focused solutions and cloud-based platforms.