TriNet Group (NYSE:TNET) Shares Pass Above 50-Day Moving Average – Here’s What Happened

Shares of TriNet Group, Inc. (NYSE:TNET) crossed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $41.08 and traded as high as $47.33. TriNet Group shares last traded at $46.5880, with a volume of 229,409 shares changing hands.

Analysts Set New Price Targets

TNET has been the subject of several recent research reports. UBS Group reduced their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. JPMorgan Chase & Co. lifted their price target on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Finally, TD Cowen lifted their price target on TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, TriNet Group has a consensus rating of “Hold” and a consensus price target of $55.20.

TriNet Group Price Performance

The firm has a market capitalization of $2.20 billion, a PE ratio of 14.28 and a beta of 1.01. The stock has a 50-day moving average price of $41.48 and a 200 day moving average price of $47.92. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80.

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

TriNet Group Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st were given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.4%. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. The ex-dividend date was Wednesday, April 1st. TriNet Group’s dividend payout ratio (DPR) is presently 34.63%.

TriNet Group announced that its board has approved a share buyback plan on Thursday, February 12th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the business services provider to repurchase up to 18.4% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s board of directors believes its shares are undervalued.

Insider Buying and Selling

In related news, SVP Anthony Shea Treadway sold 933 shares of the business’s 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 completion of the sale, the senior vice president directly owned 67,678 shares in the company, valued at approximately $2,941,285.88. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction that occurred 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 sale, the senior vice president owned 55,750 shares of the company’s stock, valued at $2,063,865. The trade was a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by insiders.

Institutional Trading of TriNet Group

Several large investors have recently added to or reduced their stakes in TNET. Caitong International Asset Management Co. Ltd grew its holdings in TriNet Group by 160.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after buying an additional 295 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new stake in TriNet Group in the 4th quarter valued at $28,000. Quarry LP grew its holdings in TriNet Group by 524.7% in the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after buying an additional 383 shares in the last quarter. Essential Partners LLC grew its holdings 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 in the last quarter. Finally, Cache Advisors LLC purchased a new stake in TriNet Group in the 1st quarter valued at $36,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

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.