TriNet Group (TNET) Stock Price, News & Analysis

7 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for TriNet Group in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" TNET shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TNET, but not buy additional shares or sell existing shares.
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7 equities research analysts have issued 1-year target prices for TriNet Group's shares. Their TNET share price targets range from $87.00 to $150.00. On average, they predict the company's share price to reach $119.17 in the next year. This suggests that the stock has a possible downside of 7.1%.
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TriNet Group's stock was trading at $118.93 at the beginning of the year. Since then, TNET stock has increased by 7.8% and is now trading at $128.26.
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TriNet Group saw a decline in short interest in March. As of March 31st, there was short interest totaling 970,100 shares, a decline of 18.5% from the March 15th total of 1,190,000 shares. Based on an average daily volume of 230,800 shares, the days-to-cover ratio is presently 4.2 days. Approximately 2.0% of the company's shares are short sold.
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The company is scheduled to release its next quarterly earnings announcement on Friday, April 26th 2024.
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TriNet Group will be holding an earnings conference call on Friday, April 26th at 8:30 AM Eastern. Interested parties can register for or listen to the call using this link or dial in at 412-317-0088 with passcode "6195363".

TriNet Group, Inc. (NYSE:TNET) issued its quarterly earnings results on Thursday, February, 15th. The business services provider reported $1.41 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.95 by $0.46. The business services provider earned $326 million during the quarter, compared to analysts' expectations of $300.36 million. TriNet Group had a trailing twelve-month return on equity of 87.97% and a net margin of 7.62%.

TriNet Group announced a quarterly dividend on Thursday, February 15th. Shareholders of record on Monday, April 1st will be paid a dividend of $0.25 per share on Monday, April 22nd. This represents a $1.00 dividend on an annualized basis and a dividend yield of 0.78%. The ex-dividend date is Thursday, March 28th.
Read our dividend analysis for TNET.

TriNet Group (NYSE:TNET) pays an annual dividend of $1.00 per share and currently has a dividend yield of 0.79%. The dividend payout ratio is 15.41%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, TNET will have a dividend payout ratio of 15.90% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for TNET.

ETFs with the largest weight of TriNet Group (NYSE:TNET) stock in their portfolio include SRH U.S. Quality ETF (SRHQ), VanEck Morningstar SMID Moat ETF (SMOT), Harbor Small Cap Explorer ETF (QWST), WisdomTree U.S. Value Fund (WTV), WisdomTree U.S. Quality Shareholder Yield Fund (QSY) and Distillate Small/Mid Cash Flow ETF (DSMC).RiverNorth Patriot ETF (FLDZ).

TriNet Group updated its first quarter 2024 earnings guidance on Friday, February, 16th. The company provided earnings per share (EPS) guidance of 2.100-2.850 for the period, compared to the consensus estimate of 2.430. The company issued revenue guidance of $1.2 billion-$1.3 billion, compared to the consensus revenue estimate of $1.3 billion.

429 employees have rated TriNet Group Chief Executive Officer Burton M. Goldfield on Glassdoor.com. Burton M. Goldfield has an approval rating of 80% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other TriNet Group investors own include NVIDIA (NVDA), Home Depot (HD), Tesla (TSLA), Advanced Micro Devices (AMD), Walt Disney (DIS), Micron Technology (MU), Netflix (NFLX), Block (SQ), Verizon Communications (VZ) and Applied Materials (AMAT).

TriNet Group's stock is owned by a variety of retail and institutional investors. Top institutional investors include Reinhart Partners LLC. (0.41%), Congress Asset Management Co. MA (0.12%), Allspring Global Investments Holdings LLC (0.05%), Ausbil Investment Management Ltd (0.01%) and Oliver Luxxe Assets LLC (0.01%). Insiders that own company stock include Alexander G Warren, Burton M Goldfield, Burton M Goldfield, H Raymond Bingham, Jonathan D Lee, Kelly L Tuminelli, LP Agi-T, Martin Babinec, Olivier Kohler, Paul Edward Chamberlain, Ralph A Clark, Samantha Wellington, Stephen Davis and Wayne B Lowell.
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Shares of TNET stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
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