TriNet Group, Inc. (NYSE:TNET) Stock Now Rated “Hold” by Wall Street Analysts

TriNet Group, Inc. (NYSE:TNET) has been given a consensus rating of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $56.80.

A number of analysts have commented on TNET shares. Truist Financial upped their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research report on Wednesday, July 22nd. Weiss Ratings raised TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. TD Cowen boosted their price objective on TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. JPMorgan Chase & Co. increased their target price on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. Finally, Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd.

Insider Activity

In other news, SVP Anthony Shea Treadway sold 1,068 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total value of $74,546.40. Following the completion of the sale, the senior vice president directly owned 65,506 shares of the company’s stock, valued at $4,572,318.80. This represents a 1.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne Lowell sold 5,773 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total transaction of $396,662.83. Following the sale, the director owned 86,449 shares in the company, valued at $5,939,910.79. The trade was a 6.26% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 10,016 shares of company stock valued at $691,600. 40.00% of the stock is currently owned by company insiders.

Institutional Trading of TriNet Group

Several institutional investors have recently made changes to their positions in TNET. Caitong International Asset Management Co. Ltd lifted its holdings in 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. ProShare Advisors LLC grew its holdings in TriNet Group by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock valued at $323,000 after buying an additional 346 shares in the last quarter. GAMMA Investing LLC grew its holdings in TriNet Group by 63.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the business services provider’s stock valued at $67,000 after buying an additional 525 shares in the last quarter. PNC Financial Services Group Inc. raised its position in shares of TriNet Group by 19.6% during the first quarter. PNC Financial Services Group Inc. now owns 4,113 shares of the business services provider’s stock valued at $150,000 after buying an additional 675 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. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Trading Down 0.6%

Shares of TNET stock opened at $65.14 on Friday. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13. The company has a market cap of $2.99 billion, a price-to-earnings ratio of 17.42 and a beta of 0.94. TriNet Group has a 1 year low of $33.60 and a 1 year high of $73.07. The firm has a fifty day moving average price of $67.40 and a 200-day moving average price of $51.95.

TriNet Group (NYSE:TNET) last announced its earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.62. The company had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same period last year, the firm earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, equities analysts predict that TriNet Group will post 3.87 earnings per share for the current year.

TriNet Group Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Thursday, October 1st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date is Thursday, October 1st. TriNet Group’s dividend payout ratio is presently 31.02%.

About TriNet Group

TriNet Group, Inc is a professional employer organization and human resources services company that helps small and midsize businesses manage employment-related administrative, regulatory and operational responsibilities. Through its co-employment model, TriNet can support clients with payroll administration, employee benefits, human capital management and risk mitigation services.

The company provides cloud-based tools and services covering payroll and tax administration, time and attendance, recruiting, onboarding, performance management and employee engagement.