TriNet Group (NYSE:TNET) Hits New 1-Year Low – What’s Next?

Shares of TriNet Group, Inc. (NYSE:TNET) reached a new 52-week low on Thursday . The stock traded as low as $54.22 and last traded at $54.92, with a volume of 127263 shares. The stock had previously closed at $55.00.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on TNET shares. UBS Group lowered their price target on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, November 3rd. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, October 8th. Finally, JPMorgan Chase & Co. dropped their target price on TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a research report on Thursday, October 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, TriNet Group has an average rating of “Hold” and a consensus price target of $67.33.

TriNet Group Price Performance

The stock has a market cap of $2.63 billion, a price-to-earnings ratio of 20.27 and a beta of 0.84. The company has a debt-to-equity ratio of 8.36, a quick ratio of 1.10 and a current ratio of 1.10. The company has a 50-day simple moving average of $62.49 and a two-hundred day simple moving average of $69.64.

TriNet Group (NYSE:TNET) last released its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.72 by $0.39. The company had revenue of $1.22 billion during the quarter, compared to the consensus estimate of $261.92 million. TriNet Group had a return on equity of 232.60% and a net margin of 2.64%.The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.17 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities research analysts forecast that TriNet Group, Inc. will post 3.04 EPS for the current year.

TriNet Group Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Wednesday, October 1st were issued a dividend of $0.275 per share. The ex-dividend date was Wednesday, October 1st. This represents a $1.10 dividend on an annualized basis and a yield of 2.0%. TriNet Group’s dividend payout ratio (DPR) is presently 40.59%.

Insider Activity

In other TriNet Group news, CTO Jeffery Jon Hayward sold 1,437 shares of the company’s stock in a transaction on Monday, August 25th. The shares were sold at an average price of $68.80, for a total value of $98,865.60. Following the transaction, the chief technology officer directly owned 30,424 shares in the company, valued at $2,093,171.20. The trade was a 4.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction dated Thursday, November 6th. The shares were sold at an average price of $57.81, for a total transaction of $34,686.00. Following the completion of the transaction, the director directly owned 37,840 shares in the company, valued at $2,187,530.40. The trade was a 1.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 3,587 shares of company stock valued at $237,967 over the last three months. Insiders own 38.10% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

A number of institutional investors have recently made changes to their positions in the company. Massachusetts Financial Services Co. MA raised its stake in shares of TriNet Group by 19.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock worth $157,392,000 after purchasing an additional 387,940 shares during the period. Wellington Management Group LLP increased its position in TriNet Group by 24.3% in the first quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider’s stock worth $160,203,000 after buying an additional 394,847 shares during the last quarter. Boston Partners bought a new stake in shares of TriNet Group in the third quarter valued at $97,712,000. American Century Companies Inc. lifted its position in shares of TriNet Group by 14.4% during the 3rd quarter. American Century Companies Inc. now owns 1,327,636 shares of the business services provider’s stock valued at $88,806,000 after buying an additional 167,599 shares during the last quarter. Finally, ArrowMark Colorado Holdings LLC increased its holdings in TriNet Group by 14.7% in the 3rd quarter. ArrowMark Colorado Holdings LLC now owns 849,863 shares of the business services provider’s stock worth $56,847,000 after acquiring an additional 109,170 shares during the last quarter. Institutional investors own 96.81% of the company’s stock.

About TriNet Group

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.