TriNet Group (NYSE:TNET) Stock Rating Lowered by Zacks Research

TriNet Group (NYSE:TNET) was downgraded by analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Thursday,Zacks.com reports.

Several other equities research analysts have also weighed in on the company. TD Cowen reduced their price objective on TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. JPMorgan Chase & Co. reduced their target price on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Truist Financial started coverage on TriNet Group in a research note on Friday, December 5th. They issued a “hold” rating and a $62.00 price target on the stock. Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, January 21st. Finally, UBS Group decreased their target price on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. One analyst has rated the stock with a Buy rating, four have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, TriNet Group currently has a consensus rating of “Reduce” and a consensus price target of $65.80.

TriNet Group Price Performance

Shares of NYSE TNET opened at $38.47 on Thursday. TriNet Group has a twelve month low of $38.44 and a twelve month high of $88.56. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57. The firm has a 50-day moving average of $56.83 and a two-hundred day moving average of $60.92. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.17 and a beta of 0.81.

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

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

Insider Transactions at TriNet Group

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

Hedge Funds Weigh In On TriNet Group

A number of hedge funds have recently modified their holdings of TNET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in TriNet Group by 4.5% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock valued at $1,506,000 after purchasing an additional 819 shares during the last quarter. Millennium Management LLC raised its stake in shares of TriNet Group by 3,995.7% during the 1st quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock worth $11,008,000 after purchasing an additional 135,534 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in shares of TriNet Group by 0.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider’s stock valued at $6,068,000 after buying an additional 470 shares during the last quarter. Jane Street Group LLC acquired a new stake in shares of TriNet Group during the 1st quarter valued at about $3,204,000. Finally, Intech Investment Management LLC grew its stake in shares of TriNet Group by 10.3% in the 1st quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider’s stock valued at $1,336,000 after buying an additional 1,577 shares in the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.

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.