Shares of TriNet Group, Inc. (NYSE:TNET – Get Free Report) gapped up before the market opened on Wednesday . The stock had previously closed at $43.10, but opened at $46.06. TriNet Group shares last traded at $45.73, with a volume of 10,835 shares.
Wall Street Analyst Weigh In
Several research firms have issued reports on TNET. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. TD Cowen upped 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 report on Friday, May 1st. UBS Group dropped their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Finally, Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. One investment 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 company’s stock. According to data from MarketBeat, TriNet Group presently has an average rating of “Hold” and a consensus target price of $55.20.
Get Our Latest Analysis on TriNet Group
TriNet Group Price Performance
TriNet Group (NYSE:TNET – Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.64. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. During the same period in the previous year, the business earned $1.99 EPS. The company’s revenue was down 5.1% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities research analysts predict that TriNet Group, Inc. will post 3.55 EPS for the current year.
TriNet Group Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be issued a $0.29 dividend. The ex-dividend date is Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 2.5%. TriNet Group’s dividend payout ratio (DPR) is presently 34.63%.
Insider Transactions at TriNet Group
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 completion of the transaction, the senior vice president directly owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This represents a 1.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total value of $28,690.50. Following the completion of the transaction, the senior vice president owned 55,750 shares of the company’s stock, valued at approximately $2,063,865. This represents 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 currently owned by insiders.
Institutional Investors Weigh In On TriNet Group
A number of institutional investors and hedge funds have recently made changes to their positions in TNET. Boston Partners acquired a new stake in shares of TriNet Group in the 3rd quarter valued at approximately $97,712,000. American Century Companies Inc. grew its stake in shares of TriNet Group by 14.4% in the third quarter. American Century Companies Inc. now owns 1,327,636 shares of the business services provider’s stock valued at $88,806,000 after buying an additional 167,599 shares in the last quarter. Earnest Partners LLC increased its holdings in TriNet Group by 3.4% during the fourth quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock worth $53,118,000 after buying an additional 29,613 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in TriNet Group by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock worth $52,845,000 after buying an additional 5,036 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC raised its position in TriNet Group by 14.7% during the third quarter. ArrowMark Colorado Holdings LLC now owns 849,863 shares of the business services provider’s stock worth $56,847,000 after acquiring an additional 109,170 shares in the last quarter. Institutional investors own 96.81% of the company’s stock.
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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