TriNet Group, Inc. (NYSE:TNET) Given Consensus Rating of “Reduce” by Brokerages

TriNet Group, Inc. (NYSE:TNET) has been given a consensus recommendation of “Reduce” by the seven analysts that are presently covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation and five have assigned a hold recommendation to the company. The average 1 year price target among analysts that have issued ratings on the stock in the last year is $63.50.

A number of analysts have recently weighed in on TNET shares. TD Cowen cut their price target on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a report on Thursday, January 8th. UBS Group lowered their price objective on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. Zacks Research downgraded TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. JPMorgan Chase & Co. decreased their price target on TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a research note on Thursday, October 30th. Finally, Truist Financial assumed coverage on TriNet Group in a report on Friday, December 5th. They set a “hold” rating and a $62.00 price target for the company.

Insider Activity at TriNet Group

In related news, SVP Anthony Shea Treadway sold 459 shares of TriNet Group stock in a transaction that occurred on Tuesday, November 18th. The shares were sold at an average price of $54.52, for a total transaction of $25,024.68. Following the sale, the senior vice president directly owned 28,224 shares of the company’s stock, valued at approximately $1,538,772.48. The trade was a 1.60% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $61.86, for a total transaction of $47,941.50. Following the completion of the transaction, the senior vice president directly owned 19,853 shares of the company’s stock, valued at approximately $1,228,106.58. The trade was a 3.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders have sold 3,398 shares of company stock valued at $197,279. 38.10% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On TriNet Group

Institutional investors and hedge funds have recently bought and sold shares of the company. Hsbc Holdings PLC lifted its position in shares of TriNet Group by 758.6% in the 2nd quarter. Hsbc Holdings PLC now owns 35,247 shares of the business services provider’s stock worth $2,563,000 after purchasing an additional 31,142 shares during the period. Vaughan Nelson Investment Management L.P. increased its position in shares of TriNet Group by 90.1% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider’s stock worth $47,441,000 after buying an additional 307,440 shares during the period. Strs Ohio bought a new position in TriNet Group during the first quarter worth $357,000. Heron Bay Capital Management raised its stake in TriNet Group by 28.2% during the second quarter. Heron Bay Capital Management now owns 78,620 shares of the business services provider’s stock worth $5,750,000 after buying an additional 17,287 shares during the last quarter. Finally, Entropy Technologies LP acquired a new position in TriNet Group in the second quarter valued at $492,000. Institutional investors and hedge funds own 96.81% of the company’s stock.

TriNet Group Stock Performance

NYSE:TNET opened at $62.73 on Monday. The company has a market cap of $3.01 billion, a price-to-earnings ratio of 23.15 and a beta of 0.82. TriNet Group has a fifty-two week low of $54.22 and a fifty-two week high of $97.02. The company has a debt-to-equity ratio of 8.14, a quick ratio of 1.11 and a current ratio of 1.11. The stock has a fifty day moving average price of $58.49 and a 200-day moving average price of $63.39.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.39. TriNet Group had a return on equity of 212.38% and a net margin of 2.64%.The company had revenue of $1.23 billion for the quarter, compared to analysts’ expectations of $261.92 million. During the same quarter last year, the business earned $1.17 earnings per share. TriNet Group’s revenue was down 1.6% on a year-over-year basis. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities analysts anticipate that TriNet Group will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Stockholders of record on Friday, January 2nd will be issued a $0.275 dividend. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.10 dividend on an annualized basis and a dividend yield of 1.8%. TriNet Group’s dividend payout ratio is 40.59%.

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.