TriNet Group (NYSE:TNET) Price Target Lowered to $48.00 at UBS Group

TriNet Group (NYSE:TNET) had its price objective cut by equities researchers at UBS Group from $62.00 to $48.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has a “neutral” rating on the business services provider’s stock. UBS Group’s price target would suggest a potential upside of 16.67% from the stock’s previous close.

A number of other research firms have also recently commented on TNET. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, January 21st. TD Cowen upped their price objective on TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a report on Friday. JPMorgan Chase & Co. upped their price objective on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a report on Friday. Zacks Research upgraded TriNet Group from a “strong sell” rating to a “hold” rating in a report on Monday, April 13th. Finally, Stifel Nicolaus decreased their price objective 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 equities research analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average target price of $55.20.

TriNet Group Price Performance

Shares of TriNet Group stock traded down $1.80 on Tuesday, hitting $41.14. 126,919 shares of the company were exchanged, compared to its average volume of 514,817. The stock has a market capitalization of $1.90 billion, a price-to-earnings ratio of 12.30 and a beta of 1.02. The company has a 50-day moving average price of $37.92 and a 200 day moving average price of $50.74. TriNet Group has a 1-year low of $33.60 and a 1-year 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 released its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The firm had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $1.08 billion. During the same period in the prior year, the firm posted $1.99 earnings per share. The firm’s quarterly revenue was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, sell-side analysts predict that TriNet Group will post 3.17 earnings per share for the current fiscal year.

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

Insider Buying and Selling

In related news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction on Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total value of $28,690.50. Following the transaction, the senior vice president owned 55,750 shares of the company’s stock, valued at $2,063,865. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by company insiders.

Hedge Funds Weigh In On TriNet Group

Several hedge funds have recently made changes to their positions in TNET. Caitong International Asset Management Co. Ltd grew its holdings in shares of TriNet Group by 160.3% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after purchasing an additional 295 shares during the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of TriNet Group during the fourth quarter worth about $28,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of TriNet Group by 106.0% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock worth $30,000 after purchasing an additional 229 shares during the last quarter. Quarry LP grew its holdings in shares of TriNet Group by 524.7% during the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after purchasing an additional 383 shares during the last quarter. Finally, Cache Advisors LLC purchased a new position in shares of TriNet Group during the first quarter worth about $36,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.