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

Shares of TriNet Group, Inc. (NYSE:TNET) crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $42.45 and traded as high as $47.90. TriNet Group shares last traded at $45.5950, with a volume of 511,660 shares trading hands.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. 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. Zacks Research raised TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. UBS Group decreased their price objective on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. TD Cowen lifted their target price on TriNet Group from $40.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, May 1st. Finally, JPMorgan Chase & Co. boosted their target price on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. One 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $55.20.

TriNet Group Stock Down 0.1%

The firm has a market cap of $2.08 billion, a PE ratio of 13.51 and a beta of 1.01. The company has a 50-day simple moving average of $42.61 and a 200-day simple moving average of $47.42. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12.

TriNet Group (NYSE:TNET) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share for the quarter, topping the consensus estimate of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The firm had revenue of $1.23 billion for the quarter, compared to the consensus estimate of $1.08 billion. During the same period in the prior year, the business posted $1.99 earnings per share. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Analysts expect that TriNet Group, Inc. will post 3.55 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, July 27th. Stockholders of record on Wednesday, July 1st will be paid a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.6%. The ex-dividend date of this dividend is Wednesday, July 1st. TriNet Group’s payout ratio is currently 34.63%.

Insider Transactions at TriNet Group

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the business’s stock in a transaction dated 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 position. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 company’s stock in a transaction dated 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 transaction, the senior vice president owned 55,750 shares in the company, valued at $2,063,865. This represents a 1.37% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 40.00% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Empowered Funds LLC lifted its holdings in shares of TriNet Group by 82.2% in the 1st quarter. Empowered Funds LLC now owns 15,421 shares of the business services provider’s stock worth $557,000 after buying an additional 6,955 shares during the period. Essential Partners LLC raised its holdings in shares of 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. Bank of America Corp DE lifted its stake in TriNet Group by 89.4% in the first quarter. Bank of America Corp DE now owns 314,528 shares of the business services provider’s stock worth $11,458,000 after acquiring an additional 148,451 shares during the period. Arkadios Wealth Advisors purchased a new stake in TriNet Group in the first quarter worth about $326,000. Finally, California State Teachers Retirement System grew its holdings in TriNet Group by 43.0% during the 1st quarter. California State Teachers Retirement System now owns 42,442 shares of the business services provider’s stock worth $1,546,000 after acquiring an additional 12,771 shares in the last quarter. 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.