Brokerages Set TriNet Group, Inc. (NYSE:TNET) Target Price at $65.80

TriNet Group, Inc. (NYSE:TNET) has earned an average rating of “Reduce” from the eight research firms that are covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have issued ratings on the stock in the last year is $65.80.

A number of equities analysts have weighed in on TNET shares. Truist Financial initiated coverage on shares of TriNet Group in a report on Friday, December 5th. They issued a “hold” rating and a $62.00 price target on the stock. TD Cowen cut their target price on TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Zacks Research cut TriNet Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. Finally, Stifel Nicolaus dropped their price target on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, February 13th.

Insider Activity

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $61.86, for a total value of $47,941.50. Following the completion of the transaction, the senior vice president owned 19,853 shares in the company, valued at $1,228,106.58. This represents a 3.76% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 38.10% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Boston Partners bought a new stake in TriNet Group in the third quarter valued at about $97,712,000. Northwestern Mutual Wealth Management Co. grew its position in shares of TriNet Group by 5,911,158.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after acquiring an additional 709,339 shares in the last quarter. Norges Bank acquired a new position in shares of TriNet Group in the 4th quarter worth approximately $28,266,000. Millennium Management LLC increased its holdings in shares of TriNet Group by 1,047.5% in the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock valued at $27,675,000 after acquiring an additional 427,242 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA increased its holdings in shares of TriNet Group by 19.7% in the 3rd 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 acquiring an additional 387,940 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Price Performance

Shares of NYSE TNET opened at $36.16 on Tuesday. The stock has a market cap of $1.71 billion, a price-to-earnings ratio of 11.44 and a beta of 0.86. TriNet Group has a 52 week low of $33.60 and a 52 week high of $88.56. The company’s 50-day moving average price is $50.56 and its 200 day moving average price is $58.16. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, February 12th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.09. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The firm 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 EPS. The company’s quarterly revenue was down 2.3% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, research analysts forecast that TriNet Group will post 3.04 earnings per share for the current fiscal year.

TriNet Group declared that its board has approved a stock repurchase plan on Thursday, February 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 18.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.

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.