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

Shares of TriNet Group, Inc. (NYSE:TNET) have been given a consensus rating of “Hold” by the seven ratings firms that are presently covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $56.80.

TNET has been the topic of a number of recent research reports. Weiss Ratings upgraded TriNet Group from a “sell (d+)” rating to a “hold (c-)” rating in a research note on Tuesday, August 25th. Truist Financial boosted their price target on TriNet Group from $50.00 to $62.00 and gave the company a “hold” rating in a report on Wednesday, July 22nd. TD Cowen upped their price objective on TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a research report on Friday, June 26th. JPMorgan Chase & Co. raised their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the stock an “underweight” rating in a research note on Friday, July 31st. Finally, Zacks Research lowered shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Friday, July 3rd.

TriNet Group Trading Down 0.1%

NYSE TNET opened at $69.00 on Tuesday. The company has a market capitalization of $3.17 billion, a PE ratio of 18.45 and a beta of 0.94. The company has a fifty day moving average of $64.29 and a 200 day moving average of $49.20. TriNet Group has a 1 year low of $33.60 and a 1 year high of $73.07. The company has a debt-to-equity ratio of 7.17, a current ratio of 1.13 and a quick ratio of 1.13.

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, beating the consensus estimate of $0.93 by $0.62. The company had revenue of $1.18 billion for the quarter, compared to analyst estimates 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 company earned $1.15 earnings per share. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. Research analysts forecast that TriNet Group will post 3.87 earnings per share for the current year.

TriNet Group Announces Dividend

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

Insider Activity

In other news, SVP Anthony Shea Treadway sold 1,068 shares of the stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $69.80, for a total transaction of $74,546.40. Following the sale, the senior vice president directly owned 65,506 shares of the company’s stock, valued at $4,572,318.80. This represents a 1.60% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Sidney A. Majalya sold 775 shares of the firm’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $68.53, for a total value of $53,110.75. Following the sale, the senior vice president owned 53,212 shares in the company, valued at $3,646,618.36. This trade represents a 1.44% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 10,016 shares of company stock worth $691,600 in the last ninety days. Corporate insiders own 40.00% of the company’s stock.

Hedge Funds Weigh In On TriNet Group

A number of large investors have recently bought and sold shares of TNET. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of TriNet Group by 4.5% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 19,009 shares of the business services provider’s stock valued at $1,506,000 after buying an additional 819 shares in the last quarter. Millennium Management LLC lifted its position in shares of TriNet Group by 3,995.7% during the 1st quarter. Millennium Management LLC now owns 138,926 shares of the business services provider’s stock valued at $11,008,000 after buying an additional 135,534 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in TriNet Group by 0.6% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 76,575 shares of the business services provider’s stock valued at $6,068,000 after acquiring an additional 470 shares during the period. Jane Street Group LLC acquired a new stake in TriNet Group in the 1st quarter valued at $3,204,000. Finally, Intech Investment Management LLC increased its holdings in TriNet Group by 10.3% in the 1st quarter. Intech Investment Management LLC now owns 16,862 shares of the business services provider’s stock worth $1,336,000 after acquiring an additional 1,577 shares in the last quarter. Institutional investors and hedge funds 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.