TriNet Group, Inc. (NYSE:TNET) Receives Consensus Rating of “Reduce” from Analysts

TriNet Group, Inc. (NYSE:TNET) has received a consensus recommendation of “Reduce” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and one has assigned a buy rating to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $65.80.

A number of equities analysts have recently issued reports on TNET shares. Stifel Nicolaus lowered their price objective on TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Zacks Research upgraded TriNet Group from a “strong sell” rating to a “hold” rating in a research report on Monday, April 13th. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research report on Wednesday, January 21st. Finally, TD Cowen decreased their target price on TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, January 8th.

Insider Buying and Selling

In related news, SVP Sidney A. Majalya sold 775 shares of the firm’s stock in a transaction that occurred on Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total transaction of $28,690.50. Following the completion of the sale, the senior vice president owned 55,750 shares of the company’s stock, valued at $2,063,865. This trade represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 37.10% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On TriNet Group

Large investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. grew its stake 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 worth $30,000 after purchasing an additional 229 shares during the period. Quarry LP grew its stake in 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 period. Aster Capital Management DIFC Ltd acquired a new stake in TriNet Group during the fourth quarter worth approximately $28,000. Caitong International Asset Management Co. Ltd grew its stake in 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 period. Finally, Steigerwald Gordon & Koch Inc. acquired a new stake in TriNet Group during the third quarter worth approximately $46,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Price Performance

Shares of TNET opened at $41.99 on Wednesday. TriNet Group has a 1 year low of $33.60 and a 1 year high of $86.78. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09. The company has a market capitalization of $1.94 billion, a price-to-earnings ratio of 13.29 and a beta of 0.87. The business has a 50-day moving average of $37.85 and a 200-day moving average of $51.00.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, February 12th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.37 by $0.09. TriNet Group had a return on equity of 215.01% and a net margin of 3.09%.The company had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $251.57 million. During the same period last year, the company earned $0.44 earnings per share. The firm’s revenue was down 2.3% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, equities research analysts anticipate that TriNet Group will post 3.22 earnings per share for the current year.

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

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 27th. Investors of record on Wednesday, April 1st were paid a dividend of $0.29 per share. This is an increase from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.8%. The ex-dividend date of this dividend was Wednesday, April 1st. TriNet Group’s payout ratio is 36.71%.

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.