TriNet Group, Inc. (NYSE:TNET) Given Consensus Recommendation of “Reduce” by Analysts

Shares of TriNet Group, Inc. (NYSE:TNET) have been assigned a consensus rating of “Reduce” from the eight brokerages that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and one has given a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $65.80.

Several analysts have weighed in on TNET shares. Truist Financial started coverage on TriNet Group in a research report on Friday, December 5th. They set a “hold” rating and a $62.00 price objective on the stock. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, January 21st. TD Cowen lowered their target price on TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Stifel Nicolaus dropped their price target on TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, Zacks Research cut TriNet Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th.

Insider Activity

In related news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $61.86, for a total value of $47,941.50. Following the completion of the transaction, the senior vice president directly owned 19,853 shares in the company, valued at $1,228,106.58. This trade represents a 3.76% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 37.10% of the stock is currently owned by insiders.

Institutional Investors Weigh In On TriNet Group

Several hedge funds have recently bought and sold shares of TNET. Universal Beteiligungs und Servicegesellschaft mbH grew its holdings in TriNet Group by 3.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after purchasing an additional 185 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted 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 purchasing an additional 201 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of TriNet Group by 4.8% during the third quarter. Farther Finance Advisors LLC now owns 4,672 shares of the business services provider’s stock valued at $313,000 after purchasing an additional 216 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its position in shares of TriNet Group by 160.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Finally, Quantinno Capital Management LP boosted its position in shares of TriNet Group by 5.9% in the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after purchasing an additional 317 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

TriNet Group Trading Down 4.5%

NYSE:TNET opened at $37.25 on Tuesday. The company has a 50-day moving average price of $51.94 and a 200-day moving average price of $58.70. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 11.79 and a beta of 0.87. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57. TriNet Group has a 12 month low of $33.60 and a 12 month high of $88.56.

TriNet Group (NYSE:TNET) last announced its quarterly earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.09. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. The company had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $251.57 million. During the same quarter in the previous year, the company earned $0.44 earnings per share. TriNet Group’s quarterly revenue was down 2.3% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Equities analysts predict that TriNet Group will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, January 26th. Stockholders of record on Friday, January 2nd were issued a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Friday, January 2nd. TriNet Group’s payout ratio is 34.81%.

TriNet Group announced that its board has authorized a share buyback program on Thursday, February 12th that allows the company to repurchase $400.00 million in outstanding shares. This repurchase authorization allows the business services provider to repurchase up to 18.4% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board of directors believes its shares are undervalued.

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.