TriNet Group (NYSE:TNET) Raised to “Strong-Buy” at Zacks Research

TriNet Group (NYSE:TNET) was upgraded by equities researchers at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Tuesday,Zacks.com reports.

Several other research analysts have also issued reports on TNET. 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. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. TD Cowen increased their target price on TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Friday, May 1st. Stifel Nicolaus decreased their target price 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. Finally, JPMorgan Chase & Co. increased their target price on TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a research report on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have assigned a Hold rating and two have given a Sell rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $55.20.

TriNet Group Trading Down 4.5%

NYSE TNET opened at $39.61 on Tuesday. TriNet Group has a 1-year low of $33.60 and a 1-year high of $86.78. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. The stock has a 50-day moving average of $38.64 and a 200-day moving average of $49.76. The firm has a market cap of $1.82 billion, a PE ratio of 11.82 and a beta of 1.02.

TriNet Group (NYSE:TNET) last released its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, beating analysts’ consensus estimates of $1.84 by $0.64. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $1.08 billion. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.TriNet Group’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, sell-side analysts forecast that TriNet Group will post 3.55 EPS for the current year.

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

Insider Buying and Selling at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of the company’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 value of $28,690.50. Following the sale, the senior vice president owned 55,750 shares in the company, valued at $2,063,865. This represents a 1.37% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by insiders.

Institutional Trading of TriNet Group

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH grew its stake in shares of TriNet Group by 3.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock worth $350,000 after buying an additional 185 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of TriNet Group by 45.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock worth $38,000 after buying an additional 201 shares during the last quarter. Caitong International Asset Management Co. Ltd grew 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 worth $28,000 after buying an additional 295 shares during the last quarter. Quantinno Capital Management LP grew its stake in shares of TriNet Group by 5.9% in the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after buying an additional 317 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of TriNet Group by 6.8% in the 4th quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock worth $323,000 after buying an additional 346 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.