TriNet Group, Inc. (NYSE:TNET) Receives Average Rating of “Reduce” from Brokerages

Shares of TriNet Group, Inc. (NYSE:TNET) have earned an average recommendation of “Reduce” from the eight research firms that are currently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a sell recommendation, four have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $65.80.

TNET has been the topic of a number of analyst reports. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, January 21st. Zacks Research lowered shares of TriNet Group from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. TD Cowen decreased their target price on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Truist Financial assumed coverage on shares of TriNet Group in a research note on Friday, December 5th. They issued a “hold” rating and a $62.00 target price on the stock. Finally, Stifel Nicolaus cut their price target on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 13th.

TriNet Group Trading Down 4.5%

TriNet Group stock opened at $37.25 on Tuesday. The company has a current ratio of 1.09, a quick ratio of 1.09 and a debt-to-equity ratio of 16.57. The business’s fifty day simple moving average is $51.94 and its two-hundred day simple moving average is $58.70. TriNet Group has a 12 month low of $33.60 and a 12 month high of $88.56. The company has a market capitalization of $1.76 billion, a price-to-earnings ratio of 11.79 and a beta of 0.87.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, February 12th. The business services provider reported $0.46 EPS for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. The firm had revenue of $1.25 billion for the quarter, compared to analysts’ expectations of $251.57 million. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The company’s quarterly revenue was down 2.3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, equities analysts predict that TriNet Group will post 3.04 earnings per share for the current fiscal year.

TriNet Group announced that its Board of Directors has approved a stock repurchase plan on Thursday, February 12th that allows the company to buyback $400.00 million in outstanding shares. This buyback authorization allows the business services provider to repurchase up to 18.4% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

TriNet Group Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 26th. Investors of record on Friday, January 2nd were given a $0.275 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.10 annualized dividend and a yield of 3.0%. TriNet Group’s dividend payout ratio is 34.81%.

Insider Activity at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction on Friday, January 9th. The stock was sold at an average price of $61.86, for a total value of $47,941.50. Following the completion of the sale, the senior vice president owned 19,853 shares of the company’s stock, valued at approximately $1,228,106.58. This trade represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 37.10% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Hsbc Holdings PLC boosted its position in shares of TriNet Group by 21.5% during the fourth quarter. Hsbc Holdings PLC now owns 23,130 shares of the business services provider’s stock valued at $1,368,000 after buying an additional 4,100 shares during the last quarter. Caitong International Asset Management Co. Ltd raised its position 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 worth $28,000 after buying an additional 295 shares during the last quarter. Vident Advisory LLC raised its position in TriNet Group by 19.9% in the 4th quarter. Vident Advisory LLC now owns 12,009 shares of the business services provider’s stock worth $710,000 after buying an additional 1,992 shares during the last quarter. State of Tennessee Department of Treasury bought a new position in TriNet Group during the 4th quarter valued at about $425,000. Finally, Empowered Funds LLC lifted its stake in TriNet Group by 12.7% during the 4th quarter. Empowered Funds LLC now owns 8,466 shares of the business services provider’s stock valued at $498,000 after acquiring an additional 953 shares during the period. 96.81% of the stock is owned by institutional investors.

About TriNet Group

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.