TriNet Group (NYSE:TNET) Sets New 1-Year Low – Here’s What Happened

Shares of TriNet Group, Inc. (NYSE:TNET) reached a new 52-week low on Saturday . The stock traded as low as $38.44 and last traded at $38.4650, with a volume of 805134 shares changing hands. The stock had previously closed at $42.68.

Analyst Upgrades and Downgrades

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

TriNet Group Trading Down 9.9%

The company’s 50-day moving average is $56.83 and its 200-day moving average is $60.88. The company has a debt-to-equity ratio of 16.57, a quick ratio of 1.09 and a current ratio of 1.09. The firm 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 announced its earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $251.57 million. During the same period in the previous year, the firm posted $0.44 earnings per share. The company’s revenue was down 2.3% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, research analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current year.

TriNet Group Dividend Announcement

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

TriNet Group declared that its board has initiated a stock repurchase program on Thursday, February 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to buy up to 18.4% of its shares through open market purchases. Shares buyback programs are often an indication that the company’s board believes its shares are undervalued.

Insider Buying and Selling at TriNet Group

In other news, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $61.86, for a total transaction of $47,941.50. Following the transaction, the senior vice president owned 19,853 shares of the company’s stock, valued at $1,228,106.58. This represents a 3.76% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.51, for a total value of $82,641.87. Following the completion of the sale, the chief technology officer owned 27,922 shares of the company’s stock, valued at approximately $1,605,794.22. The trade was a 4.89% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 2,699 shares of company stock valued at $150,945 over the last three months. Insiders own 37.10% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

Several institutional investors have recently modified their holdings of TNET. Aster Capital Management DIFC Ltd bought a new stake in shares of TriNet Group in the 4th quarter valued at about $28,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in TriNet Group by 106.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock valued at $30,000 after purchasing an additional 229 shares during the period. Quarry LP increased its stake in TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after purchasing an additional 383 shares in the last quarter. CWM LLC raised its holdings in TriNet Group by 140.5% in the second quarter. CWM LLC now owns 582 shares of the business services provider’s stock worth $43,000 after purchasing an additional 340 shares during the period. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in TriNet Group in the third quarter worth $46,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

About TriNet Group

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.