TriNet Group, Inc. (NYSE:TNET) Receives $56.80 Consensus Target Price from Brokerages

TriNet Group, Inc. (NYSE:TNET) has earned an average recommendation of “Reduce” from the seven ratings firms that are currently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and one has assigned a buy rating to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $56.80.

A number of equities analysts have recently commented on the stock. TD Cowen raised their target price on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. Weiss Ratings downgraded TriNet Group from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd. JPMorgan Chase & Co. increased their price target on TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research report on Friday, July 31st. Finally, UBS Group cut their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th.

TriNet Group Stock Performance

TNET stock opened at $70.01 on Friday. TriNet Group has a twelve month low of $33.60 and a twelve month high of $73.07. The firm has a market cap of $3.21 billion, a price-to-earnings ratio of 18.72 and a beta of 0.95. The business’s fifty day simple moving average is $56.72 and its two-hundred day simple moving average is $47.26. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17.

TriNet Group (NYSE:TNET) last posted its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, topping analysts’ consensus estimates of $0.93 by $0.62. The firm had revenue of $1.18 billion for the quarter, compared to analysts’ expectations of $1.18 billion. TriNet Group had a net margin of 3.58% and a return on equity of 227.28%. During the same period in the prior year, the business posted $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Analysts predict that TriNet Group will post 3.87 earnings per share for the current year.

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st were issued a dividend of $0.29 per share. This represents a $1.16 annualized dividend and a yield of 1.7%. The ex-dividend date was Wednesday, July 1st. TriNet Group’s dividend payout ratio is presently 31.02%.

Insider Transactions at TriNet Group

In other news, Director Wayne B. Lowell sold 5,773 shares of the company’s stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $68.71, for a total value of $396,662.83. Following the completion of the sale, the director owned 86,449 shares of the company’s stock, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anthony Shea Treadway sold 933 shares of the 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 transaction, the senior vice president owned 67,678 shares in the company, valued at approximately $2,941,285.88. This represents a 1.36% 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. Company insiders own 40.00% of the company’s stock.

Institutional Trading of TriNet Group

A number of hedge funds have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in TriNet Group during the 2nd quarter valued at $128,161,000. Boston Partners bought a new position in shares of TriNet Group in the 3rd quarter worth $97,712,000. Earnest Partners LLC lifted its stake in shares of TriNet Group by 3.4% during the 4th quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock worth $53,118,000 after purchasing an additional 29,613 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of TriNet Group by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock worth $52,845,000 after purchasing an additional 5,036 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its position in TriNet Group by 5,911,158.3% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock valued at $41,944,000 after purchasing an additional 709,339 shares in the last quarter. Hedge funds and other institutional investors own 96.81% of the company’s stock.

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.