TriNet Group (NYSE:TNET) Director Brian Evanko Buys 5,000 Shares of Stock

TriNet Group, Inc. (NYSE:TNET) Director Brian Evanko purchased 5,000 shares of TriNet Group stock in a transaction that occurred on Wednesday, March 4th. The stock was purchased at an average cost of $37.70 per share, for a total transaction of $188,500.00. Following the completion of the purchase, the director owned 9,565 shares of the company’s stock, valued at $360,600.50. This trade represents a 109.53% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

TriNet Group Price Performance

Shares of TNET stock opened at $42.92 on Tuesday. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 12.81 and a beta of 1.02. The business’s fifty day moving average is $38.84 and its 200 day moving average is $49.30. TriNet Group, Inc. has a twelve month low of $33.60 and a twelve month high of $86.78. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.64. The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm earned $1.99 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Research analysts expect that TriNet Group, Inc. will post 3.55 EPS for the current fiscal year.

TriNet Group announced that its board has approved a stock buyback program on Thursday, February 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to repurchase up to 18.4% of its shares through open market purchases. Shares repurchase programs are typically a sign that the company’s management believes its stock is undervalued.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were issued a $0.29 dividend. This represents a $1.16 annualized dividend and a yield of 2.7%. This is a positive change from TriNet Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, April 1st. TriNet Group’s dividend payout ratio is presently 34.63%.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the company. Barclays PLC raised its stake in shares of TriNet Group by 155.8% in the third quarter. Barclays PLC now owns 461,946 shares of the business services provider’s stock worth $30,900,000 after buying an additional 281,332 shares during the period. Massachusetts Financial Services Co. MA raised its stake in shares of TriNet Group by 19.7% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after buying an additional 387,940 shares during the period. JPMorgan Chase & Co. raised its stake in shares of TriNet Group by 109.2% in the third quarter. JPMorgan Chase & Co. now owns 220,096 shares of the business services provider’s stock worth $14,722,000 after buying an additional 114,892 shares during the period. ArrowMark Colorado Holdings LLC raised its stake in shares of TriNet Group by 14.7% in the third quarter. ArrowMark Colorado Holdings LLC now owns 849,863 shares of the business services provider’s stock worth $56,847,000 after buying an additional 109,170 shares during the period. Finally, Heron Bay Capital Management raised its stake in shares of TriNet Group by 55.8% in the third quarter. Heron Bay Capital Management now owns 122,480 shares of the business services provider’s stock worth $8,193,000 after buying an additional 43,860 shares during the period. Institutional investors own 96.81% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. TD Cowen boosted their target price on TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, May 1st. UBS Group dropped their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. JPMorgan Chase & Co. boosted their target price on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. Finally, Stifel Nicolaus dropped their target price on TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a report on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has given a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $55.20.

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.