TriNet Group, Inc. (NYSE:TNET) Receives Consensus Rating of “Hold” from Analysts

Shares of TriNet Group, Inc. (NYSE:TNET) have received an average rating of “Hold” from the seven ratings firms that are covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $56.80.

A number of brokerages have issued reports on TNET. TD Cowen raised their price target on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Weiss Ratings upgraded shares of TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a report on Tuesday, August 25th. UBS Group decreased their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. Truist Financial boosted their target price on shares of TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. Finally, Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd.

Insider Activity at TriNet Group

In other news, Director Paul Edward Chamberlain sold 2,400 shares of the company’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $69.70, for a total transaction of $167,280.00. Following the completion of the sale, the director directly owned 40,175 shares in the company, valued at $2,800,197.50. This represents a 5.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP Anthony Shea Treadway sold 1,068 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total value of $74,546.40. Following the completion of the transaction, the senior vice president directly owned 65,506 shares in the company, valued at $4,572,318.80. This trade represents a 1.60% 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. Insiders sold 10,016 shares of company stock valued at $691,600 over the last quarter. 40.00% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On TriNet Group

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of TriNet Group by 4.5% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock worth $1,506,000 after purchasing an additional 819 shares during the period. Millennium Management LLC lifted its position in TriNet Group by 3,995.7% during the first quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock valued at $11,008,000 after buying an additional 135,534 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its position in TriNet Group by 0.6% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider’s stock valued at $6,068,000 after buying an additional 470 shares in the last quarter. Jane Street Group LLC purchased a new stake in TriNet Group during the first quarter worth approximately $3,204,000. Finally, Intech Investment Management LLC grew its stake in TriNet Group by 10.3% during the first quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider’s stock worth $1,336,000 after buying an additional 1,577 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Stock Down 0.1%

TNET stock opened at $70.23 on Tuesday. The company has a 50 day moving average price of $62.27 and a two-hundred day moving average price of $48.25. The company has a debt-to-equity ratio of 7.17, a quick ratio of 1.13 and a current ratio of 1.13. The stock has a market capitalization of $3.22 billion, a P/E ratio of 18.78 and a beta of 0.94. TriNet Group has a one year low of $33.60 and a one year high of $73.07.

TriNet Group (NYSE:TNET) last issued its quarterly 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. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates of $1.18 billion. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.During the same quarter in the prior year, the company posted $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, sell-side analysts expect that TriNet Group will post 3.87 EPS for the current year.

TriNet Group Dividend Announcement

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

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.