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

Shares of TriNet Group, Inc. (NYSE:TNET) have been given a consensus rating of “Hold” by the seven research firms that are presently covering the firm, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $55.20.

Several brokerages have recently commented on TNET. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. TD Cowen boosted their target price on shares of TriNet Group from $40.00 to $46.00 and gave the company a “hold” 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. JPMorgan Chase & Co. boosted their target price on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st. Finally, UBS Group dropped their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating for the company in a research report on Tuesday, May 5th.

Insider Buying and Selling

In related news, SVP Anthony Shea Treadway sold 933 shares of the company’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 transaction of $40,548.18. Following the completion of the transaction, the senior vice president directly owned 67,678 shares in the company, valued at $2,941,285.88. This represents a 1.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 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 transaction, the senior vice president owned 55,750 shares of the company’s stock, valued at approximately $2,063,865. This represents a 1.37% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On TriNet Group

A number of institutional investors have recently added to or reduced their stakes in TNET. Boston Partners bought a new stake in TriNet Group during the 3rd quarter worth approximately $97,712,000. Northwestern Mutual Wealth Management Co. grew its holdings in TriNet Group by 5,911,158.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after acquiring an additional 709,339 shares during the last quarter. Norges Bank bought a new stake in TriNet Group during the 4th quarter worth approximately $28,266,000. Millennium Management LLC grew its holdings in TriNet Group by 1,047.5% during the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock worth $27,675,000 after acquiring an additional 427,242 shares during the last quarter. Finally, Man Group plc grew its holdings in TriNet Group by 286.6% during the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after acquiring an additional 347,622 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Price Performance

Shares of NYSE:TNET opened at $47.23 on Thursday. The firm has a 50 day moving average of $43.35 and a 200-day moving average of $47.07. The stock has a market capitalization of $2.17 billion, a PE ratio of 14.10 and a beta of 1.01. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. TriNet Group has a 12 month low of $33.60 and a 12 month high of $76.09.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, beating the consensus estimate of $1.84 by $0.64. The company had revenue of $1.23 billion during the quarter, compared to analysts’ expectations of $1.08 billion. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The business’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 company earned $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities research analysts predict that TriNet Group will post 3.55 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 27th. Investors of record on Wednesday, July 1st will be given a dividend of $0.29 per share. This represents a $1.16 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date is Wednesday, July 1st. TriNet Group’s dividend payout ratio is currently 34.63%.

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.