Brian Evanko Acquires 5,000 Shares of TriNet Group (NYSE:TNET) Stock

TriNet Group, Inc. (NYSE:TNET) Director Brian Evanko bought 5,000 shares of the business’s stock in a transaction dated Wednesday, March 4th. The shares were bought at an average price of $37.70 per share, with a total value of $188,500.00. Following the purchase, the director owned 9,565 shares in the company, valued at $360,600.50. The trade was a 109.53% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

TriNet Group Stock Performance

NYSE TNET opened at $42.67 on Wednesday. The firm has a 50-day moving average of $38.91 and a 200-day moving average of $49.19. The company has a debt-to-equity ratio of 10.80, a quick ratio of 1.12 and a current ratio of 1.12. The stock has a market cap of $1.96 billion, a PE ratio of 12.74 and a beta of 1.02. TriNet Group, Inc. has a 52-week low of $33.60 and a 52-week high of $86.78.

TriNet Group (NYSE:TNET) last posted its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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%. TriNet Group’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter last year, the company posted $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, sell-side analysts anticipate that TriNet Group, Inc. will post 3.55 EPS for the current year.

TriNet Group Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 27th. Stockholders of record on Wednesday, April 1st were paid a dividend of $0.29 per share. The ex-dividend date was Wednesday, April 1st. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. This is a boost from TriNet Group’s previous quarterly dividend of $0.28. TriNet Group’s dividend payout ratio is 34.63%.

TriNet Group announced that its board has initiated a share repurchase program on Thursday, February 12th that authorizes the company to buyback $400.00 million in shares. This buyback authorization authorizes the business services provider to reacquire up to 18.4% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

Analysts Set New Price Targets

A number of analysts have recently issued reports on TNET shares. Stifel Nicolaus cut their target price on shares of TriNet Group from $97.00 to $75.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, May 12th. TD Cowen upped their price target on shares of TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, May 1st. UBS Group decreased their price target on shares of TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. Finally, JPMorgan Chase & Co. upped their price target on shares of TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research note on Friday, May 1st. One equities research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, three have issued a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $55.20.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of TriNet Group by 106.0% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock worth $30,000 after acquiring an additional 229 shares during the last quarter. Quarry LP lifted its holdings in shares of TriNet Group by 524.7% in the third quarter. Quarry LP now owns 456 shares of the business services provider’s stock worth $31,000 after acquiring an additional 383 shares during the last quarter. Aster Capital Management DIFC Ltd bought a new position in shares of TriNet Group in the fourth quarter worth about $28,000. Caitong International Asset Management Co. Ltd lifted its holdings in shares of 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 acquiring an additional 295 shares during the last quarter. Finally, Cache Advisors LLC bought a new position in shares of TriNet Group in the first quarter worth about $36,000. 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.