TriNet Group, Inc. (NYSE:TNET) Receives Average Rating of “Reduce” from Analysts

Shares of TriNet Group, Inc. (NYSE:TNET) have received a consensus rating of “Reduce” from the seven brokerages that are covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, four have given a hold rating and one has given a buy rating to the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $55.80.

Several research firms have recently issued reports on TNET. Weiss Ratings upgraded shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. UBS Group cut their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. TD Cowen increased their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. raised their price objective on shares of TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st.

TriNet Group Stock Performance

NYSE TNET opened at $59.66 on Monday. The business’s 50 day moving average price is $48.05 and its 200-day moving average price is $46.71. TriNet Group has a fifty-two week low of $33.60 and a fifty-two week high of $72.84. The company has a market cap of $2.74 billion, a P/E ratio of 17.81 and a beta of 0.99. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.84 by $0.64. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.TriNet Group’s revenue was down 5.1% on a year-over-year basis. During the same period last year, the company earned $1.99 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Sell-side analysts predict that TriNet Group will post 3.55 earnings per share for the current year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be issued a $0.29 dividend. This represents a $1.16 annualized dividend and a dividend yield of 1.9%. The ex-dividend date is Wednesday, July 1st. TriNet Group’s dividend payout ratio is presently 34.63%.

Insider Activity

In related news, SVP Anthony Shea Treadway sold 933 shares of the business’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the completion of the transaction, the senior vice president owned 67,678 shares in the company, valued at $2,941,285.88. The trade was a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.00% of the company’s stock.

Institutional Trading of TriNet Group

Large investors have recently made changes to their positions in the stock. Mirador Capital Partners LP grew its holdings in shares of TriNet Group by 8.6% in the second quarter. Mirador Capital Partners LP now owns 28,321 shares of the business services provider’s stock worth $1,402,000 after purchasing an additional 2,234 shares during the last quarter. GAMMA Investing LLC lifted its holdings in TriNet Group by 63.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the business services provider’s stock valued at $67,000 after buying an additional 525 shares in the last quarter. Empowered Funds LLC boosted its position in TriNet Group by 82.2% in the 1st quarter. Empowered Funds LLC now owns 15,421 shares of the business services provider’s stock valued at $557,000 after buying an additional 6,955 shares during the period. Essential Partners LLC boosted its position in TriNet Group by 427.4% in the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after buying an additional 765 shares during the period. Finally, Bank of America Corp DE grew its stake in TriNet Group by 89.4% in the 1st quarter. Bank of America Corp DE now owns 314,528 shares of the business services provider’s stock worth $11,458,000 after acquiring an additional 148,451 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

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.