TriNet Group (NYSE:TNET) Downgraded by Zacks Research to “Hold”

TriNet Group (NYSE:TNET) was downgraded by investment analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Monday, MarketBeat Ratings reports.

Several other equities research analysts have also issued reports on the stock. Truist Financial began coverage on shares of TriNet Group in a research note on Friday, December 5th. They issued a “hold” rating and a $62.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price target on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Finally, UBS Group lowered their target price on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Five equities research analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Reduce” and a consensus target price of $66.00.

TriNet Group Stock Performance

Shares of TriNet Group stock opened at $59.48 on Monday. The company has a debt-to-equity ratio of 8.14, a current ratio of 1.11 and a quick ratio of 1.11. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 21.95 and a beta of 0.84. The stock’s 50-day moving average is $58.21 and its 200-day moving average is $64.63. TriNet Group has a one year low of $54.22 and a one year high of $97.02.

TriNet Group (NYSE:TNET) last announced its earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. TriNet Group had a return on equity of 212.38% and a net margin of 2.64%.The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $261.92 million. During the same quarter last year, the firm earned $1.17 EPS. TriNet Group’s revenue for the quarter was down 1.6% compared to the same quarter last year. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Equities analysts predict that TriNet Group will post 3.04 earnings per share for the current fiscal year.

Insider Activity at TriNet Group

In other news, SVP Anthony Shea Treadway sold 459 shares of the company’s stock in a transaction that occurred on Tuesday, November 18th. The stock was sold at an average price of $54.52, for a total value of $25,024.68. Following the transaction, the senior vice president owned 28,224 shares of the company’s stock, valued at approximately $1,538,772.48. This represents a 1.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.51, for a total value of $82,641.87. Following the transaction, the chief technology officer owned 27,922 shares in the company, valued at approximately $1,605,794.22. This trade represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,623 shares of company stock worth $149,338. Insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

Hedge funds have recently bought and sold shares of the business. Boston Partners bought a new position in shares of TriNet Group during the third quarter worth approximately $97,712,000. Massachusetts Financial Services Co. MA grew its holdings in shares of TriNet Group by 19.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after purchasing an additional 387,940 shares in the last quarter. Man Group plc increased its position in shares of TriNet Group by 286.6% in the third quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after purchasing an additional 347,622 shares during the period. Vaughan Nelson Investment Management L.P. raised its stake in TriNet Group by 90.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider’s stock valued at $47,441,000 after purchasing an additional 307,440 shares in the last quarter. Finally, American Century Companies Inc. lifted its position in TriNet Group by 35.2% during the second quarter. American Century Companies Inc. now owns 1,160,037 shares of the business services provider’s stock worth $84,845,000 after purchasing an additional 301,832 shares during the period. 96.81% of the stock is 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.