TriNet Group (NYSE:TNET) Price Target Raised to $50.00

TriNet Group (NYSE:TNETGet Free Report) had its price objective boosted by equities researchers at JPMorgan Chase & Co. from $45.00 to $50.00 in a report released on Friday,Benzinga reports. The brokerage currently has an “underweight” rating on the business services provider’s stock. JPMorgan Chase & Co.‘s target price would indicate a potential downside of 23.83% from the company’s previous close.

TNET has been the subject of a number of other research reports. Truist Financial increased their target price on shares of TriNet Group from $50.00 to $62.00 and gave the stock a “hold” rating in a report on Wednesday, July 22nd. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Tuesday. Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. UBS Group reduced their target price on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a report on Tuesday, May 5th. Finally, TD Cowen raised their price target on shares of TriNet Group from $46.00 to $49.00 and gave the company a “hold” rating in a research note on Friday, June 26th. One investment analyst has rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $56.80.

View Our Latest Analysis on TNET

TriNet Group Stock Down 8.4%

TNET stock traded down $6.02 during mid-day trading on Friday, hitting $65.65. The stock had a trading volume of 275,537 shares, compared to its average volume of 467,286. TriNet Group has a 1-year low of $33.60 and a 1-year high of $73.07. The company has a fifty day moving average of $52.14 and a 200 day moving average of $46.88. The company has a current ratio of 1.12, a quick ratio of 1.12 and a debt-to-equity ratio of 10.80. The stock has a market capitalization of $3.02 billion, a price-to-earnings ratio of 19.57 and a beta of 0.99.

TriNet Group (NYSE:TNETGet Free Report) last posted its earnings results on Thursday, July 30th. The business services provider reported $1.55 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.93 by $0.62. TriNet Group had a net margin of 3.22% and a return on equity of 219.54%. The firm had revenue of $1.18 billion during the quarter, compared to analysts’ expectations of $1.18 billion. During the same period in the previous year, the company earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. On average, equities analysts expect that TriNet Group will post 3.55 EPS for the current fiscal year.

Insider Buying and Selling

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the stock in a transaction that occurred on Tuesday, May 19th. The stock was sold at an average price of $43.46, for a total transaction of $40,548.18. Following the transaction, the senior vice president directly owned 67,678 shares in the company, valued at approximately $2,941,285.88. This represents a 1.36% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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

Large investors have recently modified their holdings of the company. Universal Beteiligungs und Servicegesellschaft mbH lifted its stake in shares of TriNet Group by 3.2% in the 4th quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 5,894 shares of the business services provider’s stock valued at $350,000 after purchasing an additional 185 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its position in TriNet Group by 45.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 646 shares of the business services provider’s stock valued at $38,000 after acquiring an additional 201 shares during the last quarter. Caitong International Asset Management Co. Ltd increased its stake in TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after purchasing an additional 295 shares during the period. Quantinno Capital Management LP lifted its position in shares of TriNet Group by 5.9% during the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock worth $413,000 after purchasing an additional 317 shares during the last quarter. Finally, ProShare Advisors LLC raised its stake in shares of TriNet Group by 6.8% during the 4th quarter. ProShare Advisors LLC now owns 5,466 shares of the business services provider’s stock worth $323,000 after acquiring an additional 346 shares in the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group News Roundup

Here are the key news stories impacting TriNet Group this week:

TriNet Group Company Profile

(Get Free Report)

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.

Recommended Stories

Analyst Recommendations for TriNet Group (NYSE:TNET)

Receive News & Ratings for TriNet Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for TriNet Group and related companies with MarketBeat.com's FREE daily email newsletter.