TriNet Group, Inc. (NYSE:TNET) Receives Average Recommendation of “Hold” from Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have earned a consensus rating of “Hold” from the seven research firms that are presently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $55.20.

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

TriNet Group Price Performance

NYSE TNET opened at $45.60 on Thursday. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s 50 day moving average price is $42.45 and its 200-day moving average price is $47.52. TriNet Group has a 52-week low of $33.60 and a 52-week high of $77.26. The company has a market cap of $2.09 billion, a PE ratio of 13.61 and a beta of 1.01.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) 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 the consensus estimate of $1.08 billion. During the same period last year, the firm earned $1.99 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Sell-side analysts forecast that TriNet Group will post 3.55 EPS for the current fiscal year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be paid a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.5%. The ex-dividend date is Wednesday, July 1st. TriNet Group’s dividend payout ratio (DPR) is 34.63%.

Insider Activity at TriNet Group

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

Institutional Investors Weigh In On TriNet Group

Several institutional investors have recently bought and sold shares of the company. Empowered Funds LLC boosted its stake in TriNet Group by 82.2% in the first quarter. Empowered Funds LLC now owns 15,421 shares of the business services provider’s stock valued at $557,000 after acquiring an additional 6,955 shares in the last quarter. Essential Partners LLC boosted its stake in TriNet Group by 427.4% in the first quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 765 shares in the last quarter. Bank of America Corp DE boosted its stake in TriNet Group by 89.4% in the first quarter. Bank of America Corp DE now owns 314,528 shares of the business services provider’s stock valued at $11,458,000 after acquiring an additional 148,451 shares in the last quarter. Arkadios Wealth Advisors acquired a new stake in TriNet Group in the first quarter valued at approximately $326,000. Finally, California State Teachers Retirement System boosted its stake in TriNet Group by 43.0% in the first quarter. California State Teachers Retirement System now owns 42,442 shares of the business services provider’s stock valued at $1,546,000 after acquiring an additional 12,771 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

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.