TriNet Group, Inc. (NYSE:TNET) Receives $55.20 Average PT from Brokerages

TriNet Group, Inc. (NYSE:TNET) has been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $55.20.

TNET has been the topic of several recent research reports. Stifel Nicolaus decreased their price target on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. UBS Group decreased their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. TD Cowen lifted their price target on shares of TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Finally, Weiss Ratings upgraded shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th.

TriNet Group Stock Performance

TNET opened at $45.72 on Friday. The business’s 50 day moving average is $39.96 and its 200-day moving average is $48.42. The stock has a market cap of $2.10 billion, a PE ratio of 13.65 and a beta of 1.02. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. TriNet Group has a twelve month low of $33.60 and a twelve month high of $84.08.

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. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same quarter in the previous year, the company posted $1.99 earnings per share. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, analysts predict that TriNet Group will post 3.55 earnings per share for the current year.

TriNet Group declared that its board has authorized a stock repurchase program on Thursday, February 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to repurchase up to 18.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were given a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 2.5%. The ex-dividend date was Wednesday, April 1st. This is a positive change from TriNet Group’s previous quarterly dividend of $0.28. TriNet Group’s dividend payout ratio is presently 34.63%.

Insider Activity

In other news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total transaction of $28,690.50. Following the transaction, the senior vice president directly owned 55,750 shares in the company, valued at $2,063,865. The trade was a 1.37% decrease in their position. The transaction was disclosed in a legal 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 completion of the sale, the senior vice president owned 67,678 shares of the company’s stock, valued at $2,941,285.88. This 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 currently owned by corporate insiders.

Institutional Investors Weigh In On TriNet Group

Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd raised its position 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 buying an additional 295 shares during the last quarter. Aster Capital Management DIFC Ltd acquired a new position in shares of TriNet Group during the fourth quarter valued at about $28,000. Mirae Asset Global Investments Co. Ltd. raised its position in shares of TriNet Group by 106.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock valued at $30,000 after buying an additional 229 shares during the last quarter. Quarry LP raised its position in shares of TriNet Group by 524.7% during 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. Finally, Essential Partners LLC raised its position in shares of TriNet Group by 427.4% during the first quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after buying an additional 765 shares during the last quarter. 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.