TriNet Group (NYSE:TNET) Sets New 52-Week Low – What’s Next?

TriNet Group, Inc. (NYSE:TNET)’s share price reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $54.33 and last traded at $54.52, with a volume of 427447 shares. The stock had previously closed at $55.78.

Wall Street Analyst Weigh In

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

TriNet Group Trading Down 2.3%

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 market cap of $2.62 billion, a price-to-earnings ratio of 20.12 and a beta of 0.84. The company’s fifty day moving average is $64.88 and its two-hundred day moving average is $70.89.

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

TriNet Group Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Wednesday, October 1st were issued a $0.275 dividend. This represents a $1.10 annualized dividend and a yield of 2.0%. The ex-dividend date was Wednesday, October 1st. TriNet Group’s payout ratio is 40.59%.

Insider Activity at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $65.93, for a total transaction of $51,095.75. Following the completion of the transaction, the senior vice president owned 20,933 shares of the company’s stock, valued at $1,380,112.69. This trade represents a 3.57% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company’s stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.80, for a total transaction of $98,865.60. Following the completion of the transaction, the chief technology officer owned 30,424 shares in the company, valued at approximately $2,093,171.20. This represents a 4.51% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 8,570 shares of company stock worth $573,200. 38.10% of the stock is owned by corporate insiders.

Institutional Trading of TriNet Group

Several hedge funds have recently added to or reduced their stakes in TNET. Mirae Asset Global Investments Co. Ltd. grew its holdings in TriNet Group by 106.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock worth $30,000 after acquiring an additional 229 shares in the last quarter. Hilltop National Bank purchased a new stake in shares of TriNet Group during the 2nd quarter worth $43,000. CWM LLC grew its stake in shares of TriNet Group by 140.5% during the second quarter. CWM LLC now owns 582 shares of the business services provider’s stock worth $43,000 after purchasing an additional 340 shares in the last quarter. Steigerwald Gordon & Koch Inc. purchased a new position in TriNet Group in the third quarter valued at $46,000. Finally, Covestor Ltd increased its holdings in TriNet Group by 402.7% in the third quarter. Covestor Ltd now owns 1,282 shares of the business services provider’s stock valued at $86,000 after buying an additional 1,027 shares during the last quarter. Institutional investors and hedge funds own 96.81% of the company’s stock.

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.