TriNet Group, Inc. (NYSE:TNET) Given Average Rating of “Hold” by Analysts

TriNet Group, Inc. (NYSE:TNET) has earned an average recommendation of “Hold” from the six research firms that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and one has given a strong buy recommendation to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $67.3333.

A number of equities research analysts have recently issued reports on the stock. Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. reduced their price objective on TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Finally, UBS Group decreased their price objective on TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th.

TriNet Group Price Performance

Shares of TriNet Group stock opened at $58.60 on Friday. The firm has a market capitalization of $2.81 billion, a PE ratio of 21.62 and a beta of 0.84. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36. TriNet Group has a 12 month low of $54.22 and a 12 month high of $97.02. The business’s 50-day moving average price is $60.93 and its 200-day moving average price is $68.46.

TriNet Group (NYSE:TNET) last released its earnings results on Wednesday, October 29th. The business services provider reported $1.11 earnings per share for the quarter, topping analysts’ consensus estimates of $0.72 by $0.39. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $261.92 million. During the same quarter in the previous year, the company posted $1.17 EPS. TriNet Group’s quarterly revenue was down 1.6% compared to the same quarter last year. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Sell-side analysts forecast that TriNet Group will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Shareholders of record on Wednesday, October 1st were given a $0.275 dividend. The ex-dividend date was Wednesday, October 1st. This represents a $1.10 annualized dividend and a yield of 1.9%. TriNet Group’s payout ratio is presently 40.59%.

Insider Buying and Selling

In other news, SVP Sidney A. Majalya sold 775 shares of the firm’s stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $65.93, for a total value of $51,095.75. Following the transaction, the senior vice president owned 20,933 shares in the company, valued at approximately $1,380,112.69. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company’s stock in a transaction on Tuesday, November 25th. The shares were sold at an average price of $57.51, for a total transaction of $82,641.87. Following the sale, the chief technology officer owned 27,922 shares of the company’s stock, valued at $1,605,794.22. This represents a 4.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 3,398 shares of company stock worth $200,433. 38.10% of the stock is owned by company insiders.

Institutional Trading of TriNet Group

Large investors have recently modified their holdings of the business. Boston Partners purchased a new position in TriNet Group during the 3rd quarter valued at about $97,712,000. American Century Companies Inc. increased its stake in shares of TriNet Group by 183.3% during the first quarter. American Century Companies Inc. now owns 858,205 shares of the business services provider’s stock valued at $68,004,000 after buying an additional 555,258 shares during the period. Wellington Management Group LLP raised its holdings in shares of TriNet Group by 24.3% during the first quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider’s stock valued at $160,203,000 after acquiring an additional 394,847 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after acquiring an additional 387,940 shares in the last quarter. Finally, Man Group plc lifted its stake in TriNet Group by 286.6% in the third quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after acquiring an additional 347,622 shares during the period. 96.81% of the stock is owned by institutional investors.

TriNet Group Company Profile

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.