TriNet Group (NYSE:TNET) Hits New 12-Month High – Time to Buy?

TriNet Group, Inc. (NYSE:TNET)’s stock price reached a new 52-week high during trading on Thursday. The stock traded as high as $73.09 and last traded at $74.02, with a volume of 54,135 shares changing hands. The stock had previously closed at $71.03.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on TNET shares. Weiss Ratings upgraded shares of TriNet Group from a “hold (c-)” rating to a “hold (c)” rating in a research note on Friday, October 9th. Truist Financial lifted their price objective 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. JPMorgan Chase & Co. boosted their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. TD Cowen upped 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. Finally, Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. One analyst has rated the stock with a Buy rating, five have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, TriNet Group has a consensus rating of “Hold” and a consensus target price of $56.80.

TriNet Group Trading Up 5.1%

The firm has a market capitalization of $3.43 billion, a PE ratio of 19.96 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17. The company’s 50-day simple moving average is $67.46 and its 200 day simple moving average is $55.73.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.62. The firm had revenue of $1.18 billion for the quarter, compared to the consensus estimate of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same quarter in the previous year, the firm earned $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, Inc. will post 3.87 EPS for the current year.

TriNet Group Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 26th. Stockholders of record on Thursday, October 1st will be given a dividend of $0.29 per share. The ex-dividend date of this dividend is Thursday, October 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 1.6%. TriNet Group’s dividend payout ratio is presently 31.02%.

Insiders Place Their Bets

In other news, SVP Sidney Majalya sold 775 shares of the firm’s stock in a transaction on Thursday, August 20th. The stock was sold at an average price of $68.53, for a total value of $53,110.75. Following the completion of the sale, the senior vice president owned 53,212 shares of the company’s stock, valued at $3,646,618.36. This trade represents a 1.44% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anthony Shea Treadway sold 1,068 shares of the business’s 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 transaction, the senior vice president owned 65,506 shares in the company, valued at approximately $4,572,318.80. This trade represents a 1.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders sold 10,016 shares of company stock valued at $691,600. Company insiders own 40.00% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

Several institutional investors have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its stake in shares of TriNet Group by 160.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after acquiring an additional 295 shares during the last quarter. Fortitude Family Office LLC raised its position in shares of TriNet Group by 473.3% in the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the business services provider’s stock valued at $38,000 after purchasing an additional 497 shares during the last quarter. Essential Partners LLC boosted 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 worth $34,000 after purchasing an additional 765 shares in the last quarter. Cache Advisors LLC acquired a new stake in TriNet Group in the 1st quarter worth approximately $36,000. Finally, Nykredit A S acquired a new stake in TriNet Group in the 2nd quarter worth approximately $55,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Company Profile

TriNet Group, Inc is a professional employer organization (PEO) that provides human resources services to small and midsize businesses in the United States. The company helps clients manage employment-related administrative responsibilities while supporting their workforce and business operations.

TriNet’s services include payroll processing, employee benefits, human capital management technology, talent management, risk mitigation, and assistance with employment-related compliance. Its offerings are designed to help businesses handle functions such as onboarding, time and attendance, employee development, and regulatory requirements.

Founded in 1988 by Martin Babinec, TriNet serves businesses across the United States through industry-focused solutions and cloud-based platforms.