TriNet Group (NYSE:TNET) Upgraded by Zacks Research to Strong-Buy Rating

Zacks Research upgraded shares of TriNet Group (NYSE:TNET) from a hold rating to a strong-buy rating in a report published on Tuesday,Zacks.com reports.

A number of other equities analysts also recently commented on TNET. JPMorgan Chase & Co. lifted their target price on shares of TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research note on Friday, May 1st. TD Cowen lifted their target price on shares of TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, May 1st. UBS Group reduced their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Weiss Ratings raised shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research note on Monday, May 4th. Finally, Stifel Nicolaus reduced their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have issued a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, TriNet Group has an average rating of “Hold” and an average target price of $55.20.

TriNet Group Stock Performance

TNET opened at $39.61 on Tuesday. The firm has a market capitalization of $1.82 billion, a PE ratio of 11.82 and a beta of 1.02. TriNet Group has a twelve month low of $33.60 and a twelve month high of $86.78. The firm’s 50-day moving average price is $38.64 and its 200 day moving average price is $49.76. 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 (NYSE:TNET) last posted 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 firm had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. TriNet Group’s quarterly revenue was down 5.1% on a year-over-year basis. During the same period in the previous year, the business posted $1.99 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, sell-side analysts expect that TriNet Group will post 3.55 EPS for the current fiscal year.

TriNet Group declared that its Board of Directors has approved a share repurchase program on Thursday, February 12th that permits the company to buyback $400.00 million in outstanding shares. This buyback authorization permits the business services provider to purchase up to 18.4% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.

TriNet Group Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.9%. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. The ex-dividend date of this dividend was Wednesday, April 1st. TriNet Group’s payout ratio is presently 34.63%.

Insider Buying and Selling

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction dated Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total transaction of $28,690.50. Following the transaction, the senior vice president directly owned 55,750 shares of the company’s stock, valued at $2,063,865. The trade was a 1.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by company insiders.

Institutional Investors Weigh In On TriNet Group

A number of institutional investors and hedge funds have recently made changes to their positions in TNET. Caitong International Asset Management Co. Ltd raised its stake in shares of TriNet Group by 160.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock valued at $28,000 after acquiring an additional 295 shares during the period. Aster Capital Management DIFC Ltd purchased a new stake in shares of TriNet Group in the 4th quarter valued at approximately $28,000. Mirae Asset Global Investments Co. Ltd. raised its stake in shares of TriNet Group by 106.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 229 shares during the period. Quarry LP raised its stake 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 acquiring an additional 383 shares during the period. Finally, Cache Advisors LLC purchased a new stake in shares of TriNet Group in the 1st quarter valued at approximately $36,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

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.