TriNet Group (NYSE:TNET) Shares Gap Up – What’s Next?

TriNet Group, Inc. (NYSE:TNET) gapped up prior to trading on Wednesday . The stock had previously closed at $43.10, but opened at $46.06. TriNet Group shares last traded at $45.73, with a volume of 10,835 shares changing hands.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. TD Cowen increased their price objective on shares of TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. JPMorgan Chase & Co. raised their target price on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. UBS Group cut their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Finally, Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $55.20.

TriNet Group Stock Up 0.0%

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 firm has a 50 day moving average of $43.54 and a two-hundred day moving average of $47.00. The firm has a market capitalization of $2.17 billion, a price-to-earnings ratio of 14.10 and a beta of 1.01.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, topping the consensus estimate of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The firm had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. During the same quarter in the previous year, the firm earned $1.99 earnings per share. The business’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. As a group, sell-side analysts anticipate that TriNet Group, Inc. will post 3.55 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Wednesday, July 1st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.16 annualized dividend and a yield of 2.5%. TriNet Group’s dividend payout ratio is presently 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 sale, the senior vice president 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 filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anthony Shea Treadway sold 933 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the transaction, the senior vice president owned 67,678 shares of the company’s stock, valued at $2,941,285.88. This trade 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. 40.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TriNet Group

Large investors have recently bought and sold shares of the company. Boston Partners acquired a new stake in shares of TriNet Group during the third quarter valued at about $97,712,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of TriNet Group by 5,911,158.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock valued at $41,944,000 after buying an additional 709,339 shares during the period. Norges Bank bought a new position in TriNet Group in the 4th quarter valued at approximately $28,266,000. Millennium Management LLC raised its holdings in TriNet Group by 1,047.5% in the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock valued at $27,675,000 after buying an additional 427,242 shares during the last quarter. Finally, Man Group plc boosted its position in TriNet Group by 286.6% during the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after buying an additional 347,622 shares during the period. 96.81% of the stock is currently owned by institutional investors.

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.