UBS Group Lowers TriNet Group (NYSE:TNET) Price Target to $63.00

TriNet Group (NYSE:TNET) had its target price reduced by research analysts at UBS Group from $69.00 to $63.00 in a research note issued on Thursday,Benzinga reports. The firm presently has a “neutral” rating on the business services provider’s stock. UBS Group’s price objective indicates a potential upside of 5.30% from the company’s previous close.

Several other research analysts also recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of TriNet Group from $76.00 to $75.00 and set an “underweight” rating on the stock in a research note on Monday, July 28th. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, October 8th. Three research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, TriNet Group has a consensus rating of “Reduce” and a consensus target price of $67.33.

TriNet Group Stock Down 2.3%

TNET stock opened at $59.83 on Thursday. TriNet Group has a twelve month low of $57.77 and a twelve month high of $98.51. 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 firm has a market cap of $2.91 billion, a PE ratio of 22.08 and a beta of 0.79. The business has a 50 day moving average of $66.20 and a 200 day moving average of $71.63.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.39. The firm had revenue of $1.23 billion during the quarter, compared to analyst estimates of $261.92 million. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.TriNet Group’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.17 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, research analysts forecast that TriNet Group will post 3.04 EPS for the current fiscal year.

Insider Activity

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of the stock in a transaction on Monday, August 25th. The stock was sold at an average price of $68.80, for a total transaction of $98,865.60. Following the transaction, the chief technology officer directly owned 30,424 shares of the company’s stock, valued at $2,093,171.20. This represents a 4.51% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Anthony Shea Treadway sold 2,583 shares of the firm’s stock in a transaction dated Tuesday, August 19th. The stock was sold at an average price of $66.07, for a total value of $170,658.81. Following the completion of the transaction, the senior vice president directly owned 29,437 shares in the company, valued at $1,944,902.59. The trade was a 8.07% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 9,170 shares of company stock valued at $611,708 over the last three months. Corporate insiders own 38.10% of the company’s stock.

Institutional Trading of TriNet Group

Several large investors have recently added to or reduced their stakes in the business. Teacher Retirement System of Texas grew its position in TriNet Group by 62.0% during the third quarter. Teacher Retirement System of Texas now owns 17,178 shares of the business services provider’s stock valued at $1,149,000 after buying an additional 6,575 shares during the period. Covestor Ltd grew its position in TriNet Group by 402.7% during the third quarter. Covestor Ltd now owns 1,282 shares of the business services provider’s stock valued at $86,000 after buying an additional 1,027 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of TriNet Group in the 3rd quarter worth $382,000. Arkadios Wealth Advisors increased its stake in shares of TriNet Group by 12.1% in the 3rd quarter. Arkadios Wealth Advisors now owns 6,204 shares of the business services provider’s stock worth $415,000 after purchasing an additional 669 shares in the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of TriNet Group by 23.4% in the 3rd quarter. Verdence Capital Advisors LLC now owns 7,996 shares of the business services provider’s stock worth $498,000 after purchasing an additional 1,515 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

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.