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

Zacks Research upgraded shares of TriNet Group (NYSE:TNET) from a hold rating to a strong-buy rating in a research report sent to investors on Monday,Zacks.com reports.

A number of other equities analysts have also commented on the stock. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, October 8th. JPMorgan Chase & Co. cut their price objective on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th. Finally, UBS Group dropped their target price on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the stock. According to MarketBeat, TriNet Group has a consensus rating of “Hold” and an average target price of $67.33.

TriNet Group Stock Performance

NYSE:TNET opened at $57.82 on Monday. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. The company has a market cap of $2.78 billion, a P/E ratio of 21.34 and a beta of 0.79. TriNet Group has a fifty-two week low of $56.69 and a fifty-two week high of $98.51. The firm’s 50 day moving average is $65.80 and its two-hundred day moving average is $71.30.

TriNet Group (NYSE:TNET) last issued its earnings results on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. TriNet Group had a net margin of 2.64% and a return on equity of 232.60%. The business had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $261.92 million. During the same quarter last year, the firm posted $1.17 EPS. The business’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. Analysts expect that TriNet Group will post 3.04 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, October 27th. Stockholders of record on Wednesday, October 1st were paid a $0.275 dividend. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date of this dividend was Wednesday, October 1st. TriNet Group’s dividend payout ratio is currently 40.59%.

Insider Buying and Selling

In other news, Director Ralph A. Clark sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The shares were sold at an average price of $66.42, for a total value of $199,260.00. Following the completion of the sale, the director directly owned 9,390 shares of the company’s stock, valued at approximately $623,683.80. This represents a 24.21% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Anthony Shea Treadway sold 2,583 shares of the company’s stock in a transaction that occurred on Tuesday, August 19th. The stock was sold at an average price of $66.07, for a total transaction of $170,658.81. Following the completion of the sale, the senior vice president directly owned 29,437 shares of the company’s stock, valued at approximately $1,944,902.59. This represents a 8.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 9,170 shares of company stock worth $611,708. Company insiders own 38.10% of the company’s stock.

Institutional Trading of TriNet Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in TNET. Bank of New York Mellon Corp lifted its stake in TriNet Group by 4.4% during the first quarter. Bank of New York Mellon Corp now owns 232,279 shares of the business services provider’s stock valued at $18,406,000 after purchasing an additional 9,821 shares during the last quarter. DekaBank Deutsche Girozentrale lifted its stake in TriNet Group by 15.9% during the first quarter. DekaBank Deutsche Girozentrale now owns 39,096 shares of the business services provider’s stock valued at $3,020,000 after purchasing an additional 5,353 shares during the last quarter. Linden Thomas Advisory Services LLC lifted its stake in TriNet Group by 9.6% during the first quarter. Linden Thomas Advisory Services LLC now owns 8,476 shares of the business services provider’s stock valued at $672,000 after purchasing an additional 745 shares during the last quarter. Cerity Partners LLC lifted its stake in TriNet Group by 70.6% during the first quarter. Cerity Partners LLC now owns 5,853 shares of the business services provider’s stock valued at $464,000 after purchasing an additional 2,423 shares during the last quarter. Finally, Xponance Inc. lifted its stake in TriNet Group by 6.4% during the first quarter. Xponance Inc. now owns 2,613 shares of the business services provider’s stock valued at $207,000 after purchasing an additional 157 shares during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.