TriNet Group (NYSE:TNET) Trading 7.7% Higher – Time to Buy?

TriNet Group, Inc. (NYSE:TNET) shares were up 7.7% on Wednesday . The company traded as high as $52.57 and last traded at $53.2850. 35,462 shares changed hands during mid-day trading, a decline of 93% from the average daily volume of 480,736 shares. The stock had previously closed at $49.49.

Analysts Set New Price Targets

A number of research analysts recently commented on the stock. UBS Group lowered their price objective 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. Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. JPMorgan Chase & Co. boosted their price target on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday, May 1st. TD Cowen upped their price target on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Finally, Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have given a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, TriNet Group has a consensus rating of “Hold” and a consensus target price of $55.80.

TriNet Group Stock Up 3.8%

The stock has a market cap of $2.54 billion, a price-to-earnings ratio of 16.49 and a beta of 0.99. The business has a fifty day moving average of $44.78 and a 200 day moving average of $46.81. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the previous year, the company earned $1.99 earnings per share. 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 analysts predict that TriNet Group, Inc. will post 3.55 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors 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 dividend on an annualized basis and a yield of 2.1%. TriNet Group’s dividend payout ratio is currently 34.63%.

Insiders Place Their Bets

In other news, SVP Anthony Shea Treadway sold 933 shares of the company’s stock in a transaction dated 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 sale, the senior vice president owned 67,678 shares in the company, valued at approximately $2,941,285.88. This represents a 1.36% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in TNET. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in TriNet Group by 3.2% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock valued at $350,000 after buying an additional 185 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in shares of TriNet Group by 45.2% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after buying an additional 201 shares during the period. Caitong International Asset Management Co. Ltd increased its stake in shares of 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 valued at $28,000 after acquiring an additional 295 shares during the last quarter. Quantinno Capital Management LP increased its stake in shares of TriNet Group by 5.9% in the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock valued at $413,000 after acquiring an additional 317 shares during the last quarter. Finally, ProShare Advisors LLC raised its position in shares of TriNet Group by 6.8% in the 4th quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock valued at $323,000 after acquiring an additional 346 shares during the period. 96.81% of the stock is owned by institutional investors.

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.