TriNet Group, Inc. (NYSE:TNET – Get Free Report) has received a consensus recommendation of “Hold” from the seven research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, five have issued a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $56.80.
TNET has been the subject of several research analyst reports. TD Cowen boosted their price objective on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research report on Friday, June 26th. Weiss Ratings upgraded TriNet Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Truist Financial boosted their price target on TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. upped their price objective on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st.
Get Our Latest Research Report on TriNet Group
Insider Transactions at TriNet Group
In related news, Director Wayne Lowell sold 5,773 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the sale, the director owned 86,449 shares of the company’s stock, 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 SEC, which is available through the SEC website. Also, SVP Sidney Majalya sold 775 shares of the stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the completion of the sale, the senior vice president directly owned 53,212 shares of the company’s stock, valued at approximately $3,646,618.36. The trade was a 1.44% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 10,016 shares of company stock valued at $691,600. 40.00% of the stock is currently owned by company insiders.
Institutional Inflows and Outflows
A number of hedge funds and other institutional investors have recently made changes to their positions in TNET. Nisa Investment Advisors LLC increased its holdings in shares of TriNet Group by 68.0% in the third quarter. Nisa Investment Advisors LLC now owns 2,530 shares of the business services provider’s stock worth $158,000 after buying an additional 1,024 shares during the period. Abel Hall LLC bought a new stake in shares of TriNet Group in the 3rd quarter valued at about $224,000. Fortitude Family Office LLC boosted its holdings in TriNet Group by 473.3% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 497 shares during the period. Farther Finance Advisors LLC boosted its holdings in TriNet Group by 65.7% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,894 shares of the business services provider’s stock valued at $181,000 after acquiring an additional 1,147 shares during the period. Finally, Integrated Wealth Concepts LLC purchased a new stake in TriNet Group during the 2nd quarter valued at about $175,000. 96.81% of the stock is owned by institutional investors and hedge funds.
TriNet Group Stock Up 2.5%
TNET stock opened at $70.85 on Wednesday. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17. The firm has a market capitalization of $3.25 billion, a PE ratio of 18.94 and a beta of 0.99. TriNet Group has a 1-year low of $33.60 and a 1-year high of $73.07. The business’s 50 day simple moving average is $67.37 and its 200 day simple moving average is $55.49.
TriNet Group (NYSE:TNET – Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.62. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%. The company had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same quarter in the previous year, the company posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, research analysts anticipate that TriNet Group will post 3.87 EPS for the current year.
TriNet Group Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 26th. Investors of record on Thursday, October 1st will be issued a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.6%. TriNet Group’s dividend payout ratio (DPR) is 31.02%.
TriNet Group Company Profile
TriNet Group, Inc is a professional employer organization (PEO) that provides human resources services to small and midsize businesses in the United States. The company helps clients manage employment-related administrative responsibilities while supporting their workforce and business operations.
TriNet’s services include payroll processing, employee benefits, human capital management technology, talent management, risk mitigation, and assistance with employment-related compliance. Its offerings are designed to help businesses handle functions such as onboarding, time and attendance, employee development, and regulatory requirements.
Founded in 1988 by Martin Babinec, TriNet serves businesses across the United States through industry-focused solutions and cloud-based platforms.
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