TriNet Group (NYSE:TNET) Upgraded at Zacks Research

Zacks Research upgraded shares of TriNet Group (NYSE:TNET) from a strong sell rating to a hold rating in a report released on Monday morning,Zacks.com reports.

Several other analysts have also recently weighed in on TNET. Stifel Nicolaus cut their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. TD Cowen lowered their price target on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, January 21st. One research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, TriNet Group presently has an average rating of “Reduce” and an average target price of $65.80.

TriNet Group Stock Up 1.6%

NYSE TNET opened at $38.33 on Monday. The stock has a fifty day moving average of $39.10 and a 200-day moving average of $52.68. The stock has a market capitalization of $1.81 billion, a P/E ratio of 12.13 and a beta of 0.87. TriNet Group has a 52 week low of $33.60 and a 52 week high of $88.56. The company has a debt-to-equity ratio of 16.57, a quick ratio of 1.09 and a current ratio of 1.09.

TriNet Group (NYSE:TNET) last released 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. The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The firm’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities research analysts forecast that TriNet Group will post 3.04 EPS for the current year.

TriNet Group declared that its Board of Directors has initiated a share buyback plan on Thursday, February 12th that permits the company to buyback $400.00 million in shares. This buyback authorization permits the business services provider to reacquire up to 18.4% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s board believes its shares are undervalued.

TriNet Group Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Investors of record on Wednesday, April 1st will be issued a dividend of $0.29 per share. This is an increase from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Wednesday, April 1st. TriNet Group’s dividend payout ratio is presently 36.71%.

Insider Buying and Selling

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total value of $28,690.50. Following the sale, the senior vice president directly owned 55,750 shares in the company, valued at approximately $2,063,865. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 38.10% of the company’s stock.

Institutional Trading of TriNet Group

A number of large investors have recently made changes to their positions in TNET. Hsbc Holdings PLC lifted its holdings in TriNet Group by 21.5% during the fourth quarter. Hsbc Holdings PLC now owns 23,130 shares of the business services provider’s stock worth $1,368,000 after acquiring an additional 4,100 shares in the last quarter. Caitong International Asset Management Co. Ltd increased its holdings in shares of TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after acquiring an additional 295 shares in the last quarter. Vident Advisory LLC increased its holdings in shares of TriNet Group by 19.9% in the fourth quarter. Vident Advisory LLC now owns 12,009 shares of the business services provider’s stock worth $710,000 after acquiring an additional 1,992 shares in the last quarter. State of Tennessee Department of Treasury acquired a new stake in shares of TriNet Group during the fourth quarter worth about $425,000. Finally, Empowered Funds LLC raised its position in shares of TriNet Group by 12.7% during the fourth quarter. Empowered Funds LLC now owns 8,466 shares of the business services provider’s stock worth $498,000 after purchasing an additional 953 shares during the period. Institutional investors own 96.81% of the company’s stock.

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.