Brian Evanko Acquires 5,000 Shares of TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Brian Evanko acquired 5,000 shares of the firm’s stock in a transaction on Wednesday, March 4th. The shares were bought at an average cost of $37.70 per share, for a total transaction of $188,500.00. Following the completion of the acquisition, the director owned 9,565 shares of the company’s stock, valued at approximately $360,600.50. This represents a 109.53% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.

TriNet Group Price Performance

Shares of NYSE TNET traded up $2.40 during trading on Monday, hitting $42.92. The company had a trading volume of 558,950 shares, compared to its average volume of 507,632. TriNet Group, Inc. has a fifty-two week low of $33.60 and a fifty-two week high of $86.78. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80. The stock has a fifty day simple moving average of $38.74 and a two-hundred day simple moving average of $49.44. The firm has a market capitalization of $1.97 billion, a price-to-earnings ratio of 12.81 and a beta of 1.02.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period last year, the company posted $1.99 EPS. TriNet Group’s quarterly revenue was down 5.1% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, research analysts expect that TriNet Group, Inc. will post 3.55 earnings per share for the current 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 dividend of $0.29 per share. The ex-dividend date of this dividend was Wednesday, April 1st. This is an increase from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. TriNet Group’s payout ratio is currently 34.63%.

TriNet Group declared that its board has authorized a stock repurchase plan on Thursday, February 12th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the business services provider to buy up to 18.4% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s board of directors believes its stock is undervalued.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. JPMorgan Chase & Co. lifted their target price on shares of TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. TD Cowen increased their target price on shares of TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus decreased their price target on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. One 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 stock. According to data from MarketBeat, TriNet Group presently has a consensus rating of “Hold” and an average target price of $55.20.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Massachusetts Financial Services Co. MA boosted its holdings in shares of TriNet Group by 19.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after purchasing an additional 387,940 shares during the last quarter. Boston Partners acquired a new position in shares of TriNet Group during the 3rd quarter worth approximately $97,712,000. American Century Companies Inc. boosted its holdings in shares of TriNet Group by 14.4% during the 3rd quarter. American Century Companies Inc. now owns 1,327,636 shares of the business services provider’s stock worth $88,806,000 after purchasing an additional 167,599 shares during the last quarter. Earnest Partners LLC boosted its holdings in shares of TriNet Group by 3.4% during the 4th quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock worth $53,118,000 after purchasing an additional 29,613 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its holdings in shares of TriNet Group by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock worth $52,845,000 after purchasing an additional 5,036 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

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.