TriNet Group, Inc. (NYSE:TNET) Given Average Rating of “Hold” by Brokerages

TriNet Group, Inc. (NYSE:TNETGet Free Report) has earned a consensus rating of “Hold” from the seven research firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 12-month target price among analysts that have updated their coverage on the stock in the last year is $56.80.

TNET has been the topic of several recent analyst reports. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, July 28th. TD Cowen lifted their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. JPMorgan Chase & Co. upped their target price on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a report on Friday, July 31st. Finally, Truist Financial raised their price objective on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a research note on Wednesday, July 22nd.

Check Out Our Latest Stock Analysis on TriNet Group

Insider Transactions at TriNet Group

In other TriNet Group news, Director Wayne B. Lowell sold 5,773 shares of the company’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the completion of the sale, the director directly owned 86,449 shares of the company’s stock, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction dated Tuesday, May 19th. The shares were 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 owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. This trade represents a 1.36% 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. 40.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On TriNet Group

Hedge funds and other institutional investors have recently modified their holdings of the business. Boston Partners purchased a new stake in shares of TriNet Group during the 3rd quarter valued at $97,712,000. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of TriNet Group by 5,911,158.3% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after buying an additional 709,339 shares during the last quarter. Norges Bank purchased a new position in shares of TriNet Group in the 4th quarter worth about $28,266,000. Millennium Management LLC grew its position in TriNet Group by 1,047.5% during the fourth quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock valued at $27,675,000 after buying an additional 427,242 shares during the period. Finally, Man Group plc grew its position in TriNet Group by 286.6% during the third quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock valued at $31,365,000 after buying an additional 347,622 shares during the period. Hedge funds and other institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Down 2.0%

TNET opened at $67.03 on Friday. The stock has a market cap of $3.08 billion, a PE ratio of 17.92 and a beta of 0.95. The stock’s fifty day simple moving average is $54.63 and its 200 day simple moving average is $47.08. TriNet Group has a 1-year low of $33.60 and a 1-year high of $73.07. The company has a current ratio of 1.13, a quick ratio of 1.13 and a debt-to-equity ratio of 7.17.

TriNet Group (NYSE:TNETGet Free Report) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share 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 the consensus estimate of $1.18 billion. During the same quarter last year, the firm earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, research analysts expect that TriNet Group will post 3.55 earnings per share for the current year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st were issued a $0.29 dividend. The ex-dividend date was Wednesday, July 1st. This represents a $1.16 annualized dividend and a dividend yield of 1.7%. TriNet Group’s dividend payout ratio is currently 31.02%.

About TriNet Group

(Get Free Report)

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.

Further Reading

Analyst Recommendations for TriNet Group (NYSE:TNET)

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