TriNet Group (NYSE:TNET) Sets New 1-Year Low – Time to Sell?

Shares of TriNet Group, Inc. (NYSE:TNET) reached a new 52-week low during trading on Tuesday . The company traded as low as $57.24 and last traded at $56.9050, with a volume of 616532 shares trading hands. The stock had previously closed at $60.02.

Wall Street Analysts Forecast Growth

A number of research firms have commented on TNET. UBS Group cut their price objective on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a report on Thursday, October 30th. JPMorgan Chase & Co. cut their price objective on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, October 8th. Finally, Zacks Research raised shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Monday. One analyst has rated the stock with a Strong Buy rating, three have issued a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat.com, TriNet Group currently has an average rating of “Hold” and an average target price of $67.33.

TriNet Group Stock Down 5.1%

The company has a debt-to-equity ratio of 8.36, a current ratio of 1.10 and a quick ratio of 1.10. The business has a 50 day simple moving average of $65.22 and a 200 day simple moving average of $71.09. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 20.37 and a beta of 0.84.

TriNet Group (NYSE:TNET) last released 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 232.60% 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 period in the prior year, the firm earned $1.17 earnings per share. The firm’s revenue was down 1.6% compared to the same quarter last year. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, equities analysts predict that TriNet Group, Inc. will post 3.04 earnings per share for the current fiscal year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, October 27th. Investors of record on Wednesday, October 1st were paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 2.0%. The ex-dividend date of this dividend was Wednesday, October 1st. TriNet Group’s dividend payout ratio is presently 40.59%.

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, October 1st. The shares were sold at an average price of $65.93, for a total transaction of $51,095.75. Following the sale, the senior vice president directly owned 20,933 shares of the company’s stock, valued at $1,380,112.69. This represents a 3.57% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ralph A. Clark sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 20th. The stock was sold at an average price of $66.42, for a total transaction of $199,260.00. Following the sale, the director directly owned 9,390 shares in the company, valued at approximately $623,683.80. The trade was a 24.21% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 8,570 shares of company stock valued at $573,200 in the last 90 days. Corporate insiders own 37.10% of the company’s stock.

Institutional Trading of TriNet Group

Several institutional investors have recently modified their holdings of the stock. American Century Companies Inc. grew its position in TriNet Group by 183.3% in the 1st quarter. American Century Companies Inc. now owns 858,205 shares of the business services provider’s stock valued at $68,004,000 after buying an additional 555,258 shares during the last quarter. Wellington Management Group LLP grew its position in TriNet Group by 24.3% in the 1st quarter. Wellington Management Group LLP now owns 2,021,749 shares of the business services provider’s stock valued at $160,203,000 after buying an additional 394,847 shares during the last quarter. Massachusetts Financial Services Co. MA grew its position in TriNet Group by 19.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after buying an additional 387,940 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its holdings in TriNet Group by 90.1% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 648,630 shares of the business services provider’s stock valued at $47,441,000 after acquiring an additional 307,440 shares during the period. Finally, Nuveen LLC acquired a new stake in TriNet Group in the first quarter valued at $18,315,000. Hedge funds and other institutional investors own 96.81% of the company’s stock.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.