TriNet Group (NYSE:TNET) Stock Price Up 7.7% – What’s Next?

TriNet Group, Inc. (NYSE:TNET) was up 7.7% during mid-day trading on Wednesday . The company traded as high as $52.57 and last traded at $53.2850. 35,462 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 480,736 shares. The stock had previously closed at $49.49.

Wall Street Analyst Weigh In

TNET has been the topic of a number of research reports. Weiss Ratings raised shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a report on Tuesday, May 12th. UBS Group reduced their price objective on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. increased their price objective on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. Finally, TD Cowen raised their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $55.80.

TriNet Group Trading Up 8.1%

The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12. The firm’s fifty day simple moving average is $44.23 and its 200-day simple moving average is $46.88. The stock has a market cap of $2.46 billion, a P/E ratio of 15.97 and a beta of 1.01.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The company had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the prior year, the firm posted $1.99 EPS. The company’s quarterly revenue was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Equities research analysts expect that TriNet Group, Inc. will post 3.55 EPS for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be given a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 2.2%. TriNet Group’s dividend payout ratio (DPR) is 34.63%.

Insider Activity

In related news, SVP Anthony Shea Treadway sold 933 shares of the company’s stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the sale, the senior vice president owned 67,678 shares in the company, valued at $2,941,285.88. This represents a 1.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TriNet Group

A number of institutional investors and hedge funds have recently modified their holdings of TNET. Boston Partners acquired a new stake in shares of TriNet Group during the 3rd quarter worth approximately $97,712,000. American Century Companies Inc. boosted its stake in TriNet Group by 14.4% during the third quarter. American Century Companies Inc. now owns 1,327,636 shares of the business services provider’s stock worth $88,806,000 after acquiring an additional 167,599 shares in the last quarter. Earnest Partners LLC boosted its stake in TriNet Group by 3.4% during the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock worth $53,118,000 after acquiring an additional 29,613 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in TriNet Group by 0.6% in the fourth quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock worth $52,845,000 after purchasing an additional 5,036 shares during the period. Finally, ArrowMark Colorado Holdings LLC increased its stake in TriNet Group by 14.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 849,863 shares of the business services provider’s stock valued at $56,847,000 after purchasing an additional 109,170 shares in the last quarter. 96.81% of the stock is currently 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.