TriNet Group, Inc. (NYSE:TNET) Receives Average Rating of “Reduce” from Brokerages

TriNet Group, Inc. (NYSE:TNET) has been assigned an average rating of “Reduce” from the seven research firms that are currently covering the company, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $55.80.

Several equities research analysts have weighed in on the company. TD Cowen upped their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research note on Friday, June 26th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a report on Monday, May 4th. JPMorgan Chase & Co. upped their price objective on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. Finally, UBS Group reduced their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $59.66 on Monday. The firm has a 50 day moving average of $48.05 and a 200-day moving average of $46.62. The stock has a market capitalization of $2.74 billion, a PE ratio of 17.81 and a beta of 0.99. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. TriNet Group has a 12 month low of $33.60 and a 12 month high of $72.84.

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 analysts’ consensus estimates of $1.84 by $0.64. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities research analysts predict that TriNet Group will post 3.55 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be paid a dividend of $0.29 per share. The ex-dividend date of this dividend is Wednesday, July 1st. This represents a $1.16 annualized dividend and a yield of 1.9%. TriNet Group’s payout ratio is presently 34.63%.

Insider Activity at TriNet Group

In other news, SVP Anthony Shea Treadway sold 933 shares of the firm’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the sale, the senior vice president directly owned 67,678 shares in the company, valued at approximately $2,941,285.88. This trade represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 40.00% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

Institutional investors have recently added to or reduced their stakes in the stock. Boston Partners acquired a new position in shares of TriNet Group in the third quarter valued at approximately $97,712,000. Northwestern Mutual Wealth Management Co. boosted its position in TriNet Group by 5,911,158.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after buying an additional 709,339 shares during the period. Norges Bank acquired a new stake in TriNet Group during the 4th quarter worth approximately $28,266,000. Millennium Management LLC grew its holdings in TriNet Group by 1,047.5% during the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock worth $27,675,000 after acquiring an additional 427,242 shares during the last quarter. Finally, Man Group plc grew its holdings in TriNet Group by 286.6% during the 3rd 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 last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

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.