TriNet Group (NYSE:TNET) Trading Up 3.9% After Dividend Announcement

TriNet Group, Inc. (NYSE:TNET) rose 3.9% during mid-day trading on Friday following a dividend announcement from the company. The company traded as high as $38.50 and last traded at $38.2840. Approximately 260,757 shares were traded during trading, a decline of 53% from the average daily volume of 553,598 shares. The stock had previously closed at $36.83.

The newly announced dividend which will be paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st will be paid a dividend of $0.29 per share. This is a positive change from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a dividend yield of 3.1%. The ex-dividend date of this dividend is Wednesday, April 1st. TriNet Group’s payout ratio is 34.81%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on TNET shares. TD Cowen lowered their target price on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Stifel Nicolaus reduced their price objective on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Truist Financial started coverage on TriNet Group in a research note on Friday, December 5th. They set a “hold” rating and a $62.00 price objective for the company. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. Finally, Zacks Research cut TriNet Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. One investment analyst has rated the stock with a Buy rating, three have assigned a Hold rating and three have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Reduce” and a consensus price target of $65.80.

TriNet Group Stock Performance

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 $1.79 billion, a P/E ratio of 11.96 and a beta of 0.86. The business’s 50-day simple moving average is $47.77 and its 200 day simple moving average is $56.76.

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

TriNet Group announced that its board has approved a stock buyback plan on Thursday, February 12th that allows the company to buyback $400.00 million in shares. This buyback authorization allows the business services provider to buy up to 18.4% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s leadership believes its shares are undervalued.

Insider Activity

In related news, SVP Sidney A. Majalya sold 775 shares of the firm’s 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 transaction, the senior vice president owned 19,853 shares of the company’s stock, valued at approximately $1,228,106.58. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 38.10% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Barclays PLC lifted its position in TriNet Group by 155.8% during the third quarter. Barclays PLC now owns 461,946 shares of the business services provider’s stock valued at $30,900,000 after purchasing an additional 281,332 shares in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after purchasing an additional 387,940 shares during the period. JPMorgan Chase & Co. increased its position in TriNet Group by 109.2% in the third quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock worth $14,722,000 after buying an additional 114,892 shares in the last quarter. Hsbc Holdings PLC raised its stake in shares of TriNet Group by 758.6% in the second quarter. Hsbc Holdings PLC now owns 35,247 shares of the business services provider’s stock worth $2,563,000 after buying an additional 31,142 shares during the period. Finally, ArrowMark Colorado Holdings LLC raised its stake in shares of 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 worth $56,847,000 after buying an additional 109,170 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.