Truist Financial Issues Positive Forecast for TriNet Group (NYSE:TNET) Stock Price

TriNet Group (NYSE:TNET) had its target price upped by stock analysts at Truist Financial from $50.00 to $62.00 in a report released on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target would indicate a potential upside of 4.92% from the company’s previous close.

A number of other analysts have also recently issued reports on TNET. TD Cowen boosted their target price on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th. JPMorgan Chase & Co. increased their price objective on shares of TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. UBS Group decreased their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th. Finally, Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research note on Friday, July 3rd. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, TriNet Group currently has an average rating of “Reduce” and a consensus target price of $55.80.

TriNet Group Trading Down 1.4%

Shares of TNET traded down $0.84 during mid-day trading on Wednesday, reaching $59.09. The company had a trading volume of 101,308 shares, compared to its average volume of 465,352. TriNet Group has a fifty-two week low of $33.60 and a fifty-two week high of $72.84. The firm has a fifty day simple moving average of $48.80 and a 200-day simple moving average of $46.63. The stock has a market cap of $2.71 billion, a price-to-earnings ratio of 17.64 and a beta of 0.99. 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 released its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, topping analysts’ consensus estimates of $1.84 by $0.64. The business had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The business’s revenue for the quarter was down 5.1% on a year-over-year basis. During the same period in the prior year, the firm posted $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, sell-side analysts anticipate that TriNet Group will post 3.55 EPS for the current fiscal year.

Insider Buying and Selling at TriNet Group

In other news, SVP Anthony Shea Treadway sold 933 shares of TriNet Group stock in a transaction dated Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the sale, the senior vice president directly owned 67,678 shares of the company’s stock, valued at approximately $2,941,285.88. The trade was a 1.36% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TriNet Group

Hedge funds and other institutional investors have recently bought and sold shares of the business. Caitong International Asset Management Co. Ltd boosted its stake in shares of TriNet Group by 160.3% during 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 buying an additional 295 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new stake in shares of TriNet Group in the fourth quarter worth $28,000. Quarry LP raised its holdings in TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 383 shares in the last quarter. Essential Partners LLC raised its holdings in TriNet Group by 427.4% in the first quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 765 shares in the last quarter. Finally, Cache Advisors LLC bought a new position in TriNet Group during the 1st quarter valued at $36,000. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

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.