TriNet Group (NYSE:TNET) Hits New 52-Week High – Still a Buy?

TriNet Group, Inc. (NYSE:TNET)’s share price reached a new 52-week high during trading on Thursday. The company traded as high as $73.09 and last traded at $74.02, with a volume of 54,135 shares traded. The stock had previously closed at $71.03.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on TNET shares. TD Cowen boosted their price target on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Weiss Ratings upgraded TriNet Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Truist Financial raised their price target on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Buy rating, five have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, TriNet Group has an average rating of “Hold” and a consensus price target of $56.80.

TriNet Group Stock Up 1.6%

The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. The stock has a market cap of $3.48 billion, a P/E ratio of 20.27 and a beta of 0.99. The firm has a 50-day simple moving average of $67.69 and a two-hundred day simple moving average of $56.13.

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

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Thursday, October 1st will be issued a $0.29 dividend. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a yield of 1.5%. TriNet Group’s payout ratio is currently 31.02%.

Insider Buying and Selling at TriNet Group

In other news, Director Wayne B. Lowell sold 5,773 shares of TriNet Group stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the completion of the sale, the director directly owned 86,449 shares in the company, valued at approximately $5,939,910.79. The trade was a 6.26% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Thursday, August 20th. The shares were sold at an average price of $68.53, for a total transaction of $53,110.75. Following the completion of the sale, the senior vice president owned 53,212 shares of the company’s stock, valued at approximately $3,646,618.36. The trade was a 1.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 10,016 shares of company stock worth $691,600. 40.00% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TriNet Group

A number of hedge funds have recently added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd raised 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 valued at $28,000 after acquiring an additional 295 shares in the last quarter. Essential Partners LLC grew its holdings in shares of TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after purchasing an additional 765 shares in the last quarter. Fortitude Family Office LLC grew its holdings in shares of TriNet Group by 473.3% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the business services provider’s stock worth $38,000 after purchasing an additional 497 shares in the last quarter. Nykredit A S bought a new position in shares of TriNet Group in the second quarter worth $55,000. Finally, IFP Advisors Inc increased its position in shares of TriNet Group by 424.3% in the second quarter. IFP Advisors Inc now owns 1,164 shares of the business services provider’s stock worth $58,000 after purchasing an additional 942 shares during the period. Institutional investors own 96.81% of the company’s stock.

TriNet Group Company Profile

TriNet Group, Inc is a professional employer organization (PEO) that provides human resources services to small and midsize businesses in the United States. The company helps clients manage employment-related administrative responsibilities while supporting their workforce and business operations.

TriNet’s services include payroll processing, employee benefits, human capital management technology, talent management, risk mitigation, and assistance with employment-related compliance. Its offerings are designed to help businesses handle functions such as onboarding, time and attendance, employee development, and regulatory requirements.

Founded in 1988 by Martin Babinec, TriNet serves businesses across the United States through industry-focused solutions and cloud-based platforms.