TriNet Group, Inc. (NYSE:TNET – Get Free Report)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $42.45 and traded as high as $47.90. TriNet Group shares last traded at $45.5950, with a volume of 511,660 shares traded.
Analyst Ratings Changes
TNET has been the subject of a number of recent research reports. TD Cowen increased their price objective on TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. JPMorgan Chase & Co. increased their price objective on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. UBS Group decreased their price objective 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. Finally, Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. 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 assigned a Sell rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $55.20.
Read Our Latest Stock Analysis on TNET
TriNet Group Stock Down 2.1%
TriNet Group (NYSE:TNET – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, beating the consensus estimate 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 company’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm earned $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, sell-side analysts expect that TriNet Group, Inc. will post 3.55 EPS for the current fiscal year.
TriNet Group Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Wednesday, July 1st. TriNet Group’s dividend payout ratio (DPR) is presently 34.63%.
Insider Buying and Selling
In other news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total transaction of $28,690.50. Following the completion of the sale, the senior vice president directly owned 55,750 shares in the company, valued at approximately $2,063,865. This trade represents a 1.37% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anthony Shea Treadway sold 933 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the completion of the transaction, the senior vice president directly owned 67,678 shares of the company’s stock, valued at $2,941,285.88. The trade was a 1.36% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is currently owned by company insiders.
Hedge Funds Weigh In On TriNet Group
Hedge funds have recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd increased its stake 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 purchasing an additional 295 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in TriNet Group in the 4th quarter valued at approximately $28,000. Quarry LP increased its stake 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 purchasing an additional 383 shares in the last quarter. Essential Partners LLC increased its stake 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 purchasing an additional 765 shares in the last quarter. Finally, Cache Advisors LLC purchased a new position in TriNet Group in the 1st quarter valued at approximately $36,000. 96.81% of the stock is owned by hedge funds and other institutional investors.
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.
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