TriNet Group (NYSE:TNET) Reaches New 52-Week Low – Here’s Why

TriNet Group, Inc. (NYSE:TNET)’s stock price hit a new 52-week low during trading on Saturday . The stock traded as low as $38.44 and last traded at $38.4650, with a volume of 805134 shares. The stock had previously closed at $42.68.

Analysts Set New Price Targets

TNET has been the subject of several analyst reports. UBS Group decreased their price objective on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. 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. Stifel Nicolaus decreased their price target on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, February 13th. TD Cowen dropped their price objective on TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Finally, Truist Financial began coverage on TriNet Group in a report on Friday, December 5th. They issued a “hold” rating and a $62.00 price objective for the company. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Reduce” and a consensus price target of $65.80.

TriNet Group Trading Down 9.9%

The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09. The business has a 50-day simple moving average of $56.83 and a two-hundred day simple moving average of $60.92. The stock has a market cap of $1.82 billion, a price-to-earnings ratio of 12.17 and a beta of 0.81.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Thursday, February 12th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.37 by $0.09. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The business’s revenue was down 2.3% on a year-over-year basis. During the same period last year, the firm posted $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Equities analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Friday, January 2nd were given a dividend of $0.275 per share. This represents a $1.10 dividend on an annualized basis and a yield of 2.9%. The ex-dividend date of this dividend was Friday, January 2nd. TriNet Group’s payout ratio is 34.81%.

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

Insider Transactions at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $61.86, for a total value of $47,941.50. Following the transaction, the senior vice president directly owned 19,853 shares of the company’s stock, valued at $1,228,106.58. This represents a 3.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the firm’s stock in a transaction that occurred on Tuesday, November 25th. The stock was sold at an average price of $57.51, for a total transaction of $82,641.87. Following the sale, the chief technology officer owned 27,922 shares of the company’s stock, valued at $1,605,794.22. This trade represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 2,699 shares of company stock valued at $150,945. 38.10% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TriNet Group

A number of large investors have recently made changes to their positions in TNET. Massachusetts Financial Services Co. MA increased its position 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 worth $157,392,000 after buying an additional 387,940 shares during the period. Hsbc Holdings PLC boosted its position in shares of TriNet Group by 758.6% in the second quarter. Hsbc Holdings PLC now owns 35,247 shares of the business services provider’s stock valued at $2,563,000 after acquiring an additional 31,142 shares during the period. Heron Bay Capital Management grew its stake in shares of TriNet Group by 28.2% in the second quarter. Heron Bay Capital Management now owns 78,620 shares of the business services provider’s stock valued at $5,750,000 after acquiring an additional 17,287 shares in the last quarter. Entropy Technologies LP bought a new position in TriNet Group during the second quarter worth about $492,000. Finally, American Century Companies Inc. increased 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 acquiring an additional 301,832 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.