TriNet Group, Inc. (NYSE:TNET) Given Average Recommendation of “Hold” by Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have been given an average recommendation of “Hold” by the seven ratings firms that are covering the stock, Marketbeat reports. One investment analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $56.80.

Several equities research analysts have recently issued reports on the stock. Weiss Ratings upgraded shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. boosted their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. UBS Group cut their price objective on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Truist Financial upped their price objective on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research report on Wednesday, July 22nd.

Insider Activity

In related news, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction that occurred 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 sale, the senior vice president directly owned 67,678 shares in the company, valued at $2,941,285.88. This represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of the stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total transaction of $396,662.83. Following the sale, the director directly owned 86,449 shares in the company, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their position. The disclosure for this sale is available in the SEC filing. 40.00% of the stock is currently owned by corporate insiders.

Institutional Trading of TriNet Group

Institutional investors and hedge funds have recently modified their holdings of the stock. Boston Partners bought a new position in TriNet Group during the third quarter worth about $97,712,000. Earnest Partners LLC lifted its holdings in shares of TriNet Group by 3.4% during the 4th quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock valued at $53,118,000 after purchasing an additional 29,613 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of TriNet Group by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock valued at $52,845,000 after purchasing an additional 5,036 shares in the last quarter. Northwestern Mutual Wealth Management Co. lifted its stake in TriNet Group by 5,911,158.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock valued at $41,944,000 after buying an additional 709,339 shares in the last quarter. Finally, State Street Corp boosted its stake in TriNet Group by 0.8% in the 4th quarter. State Street Corp now owns 702,089 shares of the business services provider’s stock worth $41,515,000 after purchasing an additional 5,832 shares during the period. 96.81% of the stock is owned by institutional investors.

TriNet Group Stock Down 2.0%

TNET stock opened at $67.03 on Friday. TriNet Group has a 1 year low of $33.60 and a 1 year high of $73.07. The company has a fifty day simple moving average of $54.63 and a 200 day simple moving average of $47.08. The firm has a market cap of $3.08 billion, a PE ratio of 17.92 and a beta of 0.95. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17.

TriNet Group (NYSE:TNET) last posted its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.93 by $0.62. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. The business had revenue of $1.18 billion during the quarter, compared to the consensus estimate of $1.18 billion. During the same period in the prior year, the firm earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Sell-side analysts anticipate that TriNet Group will post 3.55 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, July 27th. Investors of record on Wednesday, July 1st were paid a $0.29 dividend. The ex-dividend date of this dividend was Wednesday, July 1st. This represents a $1.16 annualized dividend and a yield of 1.7%. TriNet Group’s payout ratio is currently 31.02%.

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.