TriNet Group (NYSE:TNET) Stock Price Up 6.7% – Time to Buy?

Shares of TriNet Group, Inc. (NYSE:TNET) were up 6.7% on Thursday . The stock traded as high as $61.19 and last traded at $61.2350. 221,221 shares were traded during mid-day trading, a decline of 53% from the average daily volume of 469,171 shares. The stock had previously closed at $57.40.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on TNET shares. UBS Group cut their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. JPMorgan Chase & Co. increased their target price on shares of TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Weiss Ratings raised shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, TD Cowen boosted their price target on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a report on Friday, June 26th. One equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company has an average rating of “Reduce” and a consensus target price of $55.80.

TriNet Group Trading Down 1.3%

The stock has a market capitalization of $2.74 billion, a P/E ratio of 17.81 and a beta of 0.99. 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 company has a 50-day moving average price of $48.05 and a 200 day moving average price of $46.71.

TriNet Group (NYSE:TNET) last released 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. The business 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% compared to the same quarter last year. During the same period last year, the business earned $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, research analysts forecast that TriNet Group, Inc. will post 3.55 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Wednesday, July 1st. TriNet Group’s payout ratio is currently 34.63%.

Insider Transactions at TriNet Group

In other news, 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 directly owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.00% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in TNET. Quarry LP raised its stake in TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after buying an additional 383 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in shares of TriNet Group during the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of TriNet Group by 160.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 295 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in shares of TriNet Group by 45.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 201 shares in the last quarter. Finally, Essential Partners LLC raised its position in shares of TriNet Group by 427.4% in the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after purchasing an additional 765 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

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.