TriNet Group (NYSE:TNET) Stock Rating Lowered by Zacks Research

TriNet Group (NYSE:TNET) was downgraded by equities research analysts at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Monday, MarketBeat.com reports.

TNET has been the topic of several other reports. UBS Group lowered their price objective on TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a research note on Thursday, October 30th. JPMorgan Chase & Co. decreased their price target 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. Weiss Ratings reiterated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, October 8th. Finally, Truist Financial started coverage on shares of TriNet Group in a research note on Friday, December 5th. They issued a “hold” rating and a $62.00 target price on the stock. Five equities research analysts have rated the stock with a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, TriNet Group presently has a consensus rating of “Reduce” and a consensus price target of $66.00.

TriNet Group Stock Up 0.2%

Shares of TNET stock opened at $59.48 on Monday. The stock has a market cap of $2.86 billion, a P/E ratio of 21.95 and a beta of 0.84. TriNet Group has a one year low of $54.22 and a one year high of $97.02. The stock has a fifty day moving average price of $58.21 and a 200 day moving average price of $64.63. The company has a debt-to-equity ratio of 8.14, a current ratio of 1.11 and a quick ratio of 1.11.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. TriNet Group had a net margin of 2.64% and a return on equity of 212.38%. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $261.92 million. During the same quarter in the prior year, the company posted $1.17 EPS. The business’s revenue was down 1.6% on a year-over-year basis. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Analysts predict that TriNet Group will post 3.04 earnings per share for the current year.

Insider Activity

In other news, SVP Anthony Shea Treadway sold 459 shares of TriNet Group stock in a transaction on Tuesday, November 18th. The stock was sold at an average price of $54.52, for a total value of $25,024.68. Following the completion of the sale, the senior vice president directly owned 28,224 shares of the company’s stock, valued at approximately $1,538,772.48. This trade represents a 1.60% decrease in their position. The transaction was disclosed in a filing 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 value of $82,641.87. Following the transaction, the chief technology officer directly owned 27,922 shares in the company, valued at $1,605,794.22. This trade represents a 4.89% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 2,623 shares of company stock valued at $149,338 over the last three months. 37.10% of the stock is owned by insiders.

Institutional Trading of TriNet Group

A number of hedge funds have recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in 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 valued at $30,000 after purchasing an additional 229 shares during the period. Quarry LP grew its holdings in shares of TriNet Group by 524.7% in the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after buying an additional 383 shares during the period. Hilltop National Bank bought a new stake in shares of TriNet Group in the 2nd quarter valued at $43,000. CWM LLC increased its position in shares of TriNet Group by 140.5% in the 2nd quarter. CWM LLC now owns 582 shares of the business services provider’s stock valued at $43,000 after buying an additional 340 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in TriNet Group during the 3rd quarter worth $46,000. 96.81% of the stock is currently owned by institutional investors and hedge funds.

About TriNet Group

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.