TriNet Group, Inc. (NYSE:TNET – Get Free Report) has received a consensus rating of “Hold” from the seven brokerages that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $56.80.
Several equities research analysts recently weighed in on TNET shares. Truist Financial increased their price objective on shares of TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a research note on Wednesday, July 22nd. TD Cowen increased their price target on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their price target on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. Weiss Ratings raised TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday, August 25th. Finally, Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd.
Get Our Latest Research Report on TriNet Group
TriNet Group Stock Down 2.7%
TriNet Group (NYSE:TNET – Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share for the quarter, beating the consensus estimate of $0.93 by $0.62. The firm had revenue of $1.18 billion during the quarter, compared to analyst estimates of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same period in the previous year, the company earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Sell-side analysts predict that TriNet Group will post 3.87 EPS for the current fiscal year.
TriNet Group Announces Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Thursday, October 1st will be paid a $0.29 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.8%. TriNet Group’s dividend payout ratio (DPR) is presently 31.02%.
Insiders Place Their Bets
In related news, Director Wayne B. Lowell sold 5,773 shares of TriNet Group stock in a transaction dated Tuesday, August 4th. The shares were 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 $5,939,910.79. The trade was a 6.26% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Anthony Shea Treadway sold 1,068 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total transaction of $74,546.40. Following the completion of the sale, the senior vice president directly owned 65,506 shares of the company’s stock, valued at $4,572,318.80. The trade was a 1.60% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 10,016 shares of company stock worth $691,600. 40.00% of the stock is currently owned by corporate insiders.
Institutional Investors Weigh In On TriNet Group
Several hedge funds and other institutional investors have recently added to or reduced their stakes in TNET. BlackRock Inc. acquired a new position in shares of TriNet Group in the 2nd quarter worth $128,161,000. Norges Bank acquired a new position in TriNet Group during the fourth quarter valued at approximately $28,266,000. Man Group plc acquired a new stake in shares of TriNet Group in the second quarter valued at about $13,753,000. Bank of New York Mellon Corp acquired a new stake in shares of TriNet Group in the second quarter worth $12,918,000. Finally, Bank of America Corp DE bought a new position in TriNet Group during the second quarter valued at about $12,814,000. Institutional investors own 96.81% of the company’s stock.
TriNet Group Company Profile
TriNet Group, Inc is a professional employer organization (PEO) and human resources services company that helps small and midsize businesses manage employment-related administrative responsibilities. Through its co-employment model, TriNet supports clients with payroll administration, employee benefits, human capital management and regulatory compliance.
The company offers cloud-based solutions covering human resources, payroll, time and attendance, talent management, benefits administration and workforce analytics.
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