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

Shares of TriNet Group, Inc. (NYSE:TNET) have been given an average recommendation of “Reduce” by the seven ratings firms that are presently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $55.20.

A number of equities research analysts have weighed in on TNET shares. Stifel Nicolaus lowered their target price on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a report on Friday, February 13th. JPMorgan Chase & Co. boosted their price objective on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday. UBS Group decreased their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday. Finally, Zacks Research upgraded TriNet Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th.

Insider Activity at TriNet Group

In other news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total transaction of $28,690.50. Following the completion of the sale, the senior vice president owned 55,750 shares in the company, valued at $2,063,865. The trade was a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TriNet Group

Hedge funds and other institutional investors have recently modified their holdings of the company. Boston Partners bought a new stake in TriNet Group during the third quarter worth $97,712,000. Northwestern Mutual Wealth Management Co. grew its holdings in TriNet Group by 5,911,158.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after buying an additional 709,339 shares in the last quarter. Norges Bank bought a new stake in TriNet Group during the fourth quarter worth $28,266,000. Millennium Management LLC grew its holdings in TriNet Group by 1,047.5% during the fourth quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock worth $27,675,000 after buying an additional 427,242 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its holdings in TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after buying an additional 387,940 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.

TriNet Group Trading Down 1.3%

Shares of TNET stock opened at $42.39 on Wednesday. The company has a market cap of $1.95 billion, a P/E ratio of 12.65 and a beta of 1.02. The stock has a 50 day simple moving average of $37.99 and a two-hundred day simple moving average of $50.60. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12. TriNet Group has a fifty-two week low of $33.60 and a fifty-two week high of $86.78.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.64. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the previous year, the company posted $1.99 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Research analysts forecast that TriNet Group will post 3.17 earnings per share for the current year.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st were issued a dividend of $0.29 per share. This is a positive change from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a dividend yield of 2.7%. The ex-dividend date was Wednesday, April 1st. TriNet Group’s dividend payout ratio is presently 34.63%.

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

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.