TriNet Group (NYSE:TNET) Raised to Strong-Buy at Zacks Research

TriNet Group (NYSE:TNET) was upgraded by research analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

TNET has been the subject of several other reports. UBS Group reduced their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a report on Tuesday, May 5th. Stifel Nicolaus dropped their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. TD Cowen raised their price target on shares of TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. increased their price target on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $55.20.

TriNet Group Stock Down 4.5%

Shares of NYSE:TNET opened at $39.61 on Tuesday. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 11.82 and a beta of 1.02. The business’s 50 day moving average is $38.64 and its 200 day moving average is $49.76. TriNet Group has a 12-month low of $33.60 and a 12-month high of $86.78. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.64. The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The business’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, sell-side analysts forecast that TriNet Group will post 3.55 earnings per share for the current fiscal year.

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

Insider Buying and Selling at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total value of $28,690.50. Following the completion of the transaction, the senior vice president directly owned 55,750 shares in the company, valued at approximately $2,063,865. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 40.00% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

Hedge funds and other institutional investors have recently modified their holdings of the stock. Massachusetts Financial Services Co. MA boosted its holdings in 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 valued at $157,392,000 after acquiring an additional 387,940 shares during the period. Boston Partners purchased a new position in TriNet Group in the 3rd quarter worth approximately $97,712,000. American Century Companies Inc. lifted its position in TriNet Group by 14.4% in the third quarter. American Century Companies Inc. now owns 1,327,636 shares of the business services provider’s stock valued at $88,806,000 after purchasing an additional 167,599 shares during the last quarter. Earnest Partners LLC lifted its position in TriNet Group by 3.4% in the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock valued at $53,118,000 after purchasing an additional 29,613 shares during the last quarter. Finally, Dimensional Fund Advisors LP boosted its stake in shares of TriNet Group by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock valued at $52,845,000 after purchasing an additional 5,036 shares during the period. Institutional investors own 96.81% of the company’s stock.

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.