TriNet Group, Inc. (NYSE:TNET) Receives $65.80 Consensus PT from Analysts

TriNet Group, Inc. (NYSE:TNET) has been assigned a consensus recommendation of “Reduce” from the seven ratings firms that are covering the stock, Marketbeat Ratings reports. Three analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price objective among analysts that have issued ratings on the stock in the last year is $65.80.

Several research analysts have recently issued reports on TNET shares. Stifel Nicolaus decreased 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. TD Cowen lowered their target price on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Zacks Research cut shares of TriNet Group from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, January 21st.

Insider Buying and Selling at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total value of $28,690.50. Following the transaction, the senior vice president directly owned 55,750 shares in the company, valued at $2,063,865. The trade was a 1.37% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 2,037 shares of company stock worth $96,993. Company insiders own 38.10% of the company’s stock.

Institutional Trading of TriNet Group

Hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its position in shares of TriNet Group by 21.5% in the 4th quarter. Hsbc Holdings PLC now owns 23,130 shares of the business services provider’s stock valued at $1,368,000 after acquiring an additional 4,100 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in TriNet Group by 160.3% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after purchasing an additional 295 shares in the last quarter. Vident Advisory LLC raised its stake in TriNet Group by 19.9% during the 4th quarter. Vident Advisory LLC now owns 12,009 shares of the business services provider’s stock valued at $710,000 after purchasing an additional 1,992 shares during the period. State of Tennessee Department of Treasury acquired a new stake in shares of TriNet Group in the fourth quarter worth $425,000. Finally, Empowered Funds LLC grew its holdings 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 valued at $498,000 after buying an additional 953 shares in the last quarter. 96.81% of the stock is owned by hedge funds and other institutional investors.

TriNet Group Stock Down 0.7%

TriNet Group stock opened at $37.52 on Friday. 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 has a one year low of $33.60 and a one year high of $88.56. The company has a 50-day simple moving average of $42.27 and a 200-day simple moving average of $54.09. The firm has a market capitalization of $1.77 billion, a P/E ratio of 11.87 and a beta of 0.87.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, February 12th. The business services provider reported $0.46 EPS for the quarter, topping the consensus estimate of $0.37 by $0.09. The firm had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $251.57 million. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. TriNet Group’s quarterly revenue was down 2.3% on a year-over-year basis. During the same quarter 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 expect that TriNet Group will post 3.04 earnings per share for the current year.

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

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st will be paid a $0.29 dividend. The ex-dividend date of this dividend is Wednesday, April 1st. This represents a $1.16 annualized dividend and a dividend yield of 3.1%. This is an increase from TriNet Group’s previous quarterly dividend of $0.28. TriNet Group’s dividend payout ratio is presently 36.71%.

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.