TriNet Group (NYSE:TNET) Stock Crosses Above 50 Day Moving Average – What’s Next?

TriNet Group, Inc. (NYSE:TNET)’s share price passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $41.08 and traded as high as $47.33. TriNet Group shares last traded at $46.5880, with a volume of 229,409 shares.

Analysts Set New Price Targets

TNET has been the topic of several recent research reports. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. UBS Group decreased their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. JPMorgan Chase & Co. lifted their price target 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 upgraded shares of TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, Stifel Nicolaus decreased their price target on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. One research analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, three have given a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $55.20.

TriNet Group Price Performance

The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80. The company has a market capitalization of $2.14 billion, a P/E ratio of 13.91 and a beta of 1.01. The company’s 50-day simple moving average is $41.08 and its 200 day simple moving average is $48.02.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, topping the consensus estimate of $1.84 by $0.64. The company had revenue of $1.23 billion during the quarter, compared to the consensus estimate of $1.08 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The company’s revenue for the quarter was down 5.1% compared to the same quarter last year. During the same period in the previous year, the firm 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, Inc. will post 3.55 earnings per share for the current fiscal year.

TriNet Group Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 27th. Shareholders of record on Wednesday, April 1st were given a $0.29 dividend. This is a positive change from TriNet Group’s previous quarterly dividend of $0.28. This represents a $1.16 annualized dividend and a yield of 2.5%. The ex-dividend date of this dividend was Wednesday, April 1st. TriNet Group’s payout ratio is presently 34.63%.

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

Insider Activity at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the business’s stock in a transaction that occurred on Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the completion of the sale, the senior vice president directly owned 67,678 shares of the company’s stock, valued at $2,941,285.88. The trade was a 1.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of the business’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 directly owned 55,750 shares of the company’s stock, valued at $2,063,865. This represents a 1.37% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 40.00% of the company’s stock.

Institutional Trading of TriNet Group

Several large investors have recently modified their holdings of TNET. Caitong International Asset Management Co. Ltd boosted its holdings 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 worth $28,000 after buying an additional 295 shares during the period. Aster Capital Management DIFC Ltd bought a new stake in shares of TriNet Group during the 4th quarter worth $28,000. Quarry LP boosted its holdings in shares of TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after buying an additional 383 shares during the period. Essential Partners LLC boosted its holdings in shares of TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock worth $34,000 after buying an additional 765 shares during the period. Finally, Cache Advisors LLC bought a new stake in shares of TriNet Group during the 1st quarter worth $36,000. 96.81% of the stock is owned by 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.