Analysts Set TriNet Group, Inc. (NYSE:TNET) Price Target at $67.33

TriNet Group, Inc. (NYSE:TNET) has earned an average recommendation of “Hold” from the six analysts that are presently covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $67.3333.

Several research firms have recently issued reports on TNET. UBS Group lowered their price objective on TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research report on Thursday, October 30th. JPMorgan Chase & Co. lowered their price target on TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a report on Thursday, October 30th. Zacks Research upgraded shares of TriNet Group from a “hold” rating to a “strong-buy” rating in a research note on Monday, November 3rd. Finally, Weiss Ratings reissued a “sell (d+)” rating on shares of TriNet Group in a report on Wednesday, October 8th.

Insider Activity at TriNet Group

In other news, CTO Jeffery Jon Hayward sold 1,437 shares of TriNet Group stock in a transaction dated Tuesday, November 25th. The stock was sold at an average price of $57.51, for a total transaction of $82,641.87. Following the sale, the chief technology officer owned 27,922 shares in the company, valued at approximately $1,605,794.22. The trade was a 4.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Anthony Shea Treadway sold 459 shares of the company’s stock in a transaction dated Tuesday, November 18th. The shares were sold at an average price of $54.52, for a total value of $25,024.68. Following the completion of the sale, the senior vice president directly owned 28,224 shares of the company’s stock, valued at approximately $1,538,772.48. This trade represents a 1.60% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 3,398 shares of company stock valued at $200,433 in the last ninety days. 38.10% of the stock is currently owned by insiders.

Hedge Funds Weigh In On TriNet Group

A number of hedge funds have recently modified their holdings of TNET. Verdence Capital Advisors LLC increased its holdings in shares of TriNet Group by 3.0% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,481 shares of the business services provider’s stock valued at $474,000 after acquiring an additional 188 shares during the period. Farther Finance Advisors LLC grew its position in TriNet Group by 4.8% during the 3rd quarter. Farther Finance Advisors LLC now owns 4,672 shares of the business services provider’s stock worth $313,000 after purchasing an additional 216 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its stake in 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 valued at $30,000 after purchasing an additional 229 shares during the period. Quantinno Capital Management LP raised its holdings in shares of TriNet Group by 5.9% in the second quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider’s stock valued at $413,000 after buying an additional 317 shares during the last quarter. Finally, US Bancorp DE boosted its stake in shares of TriNet Group by 4.6% during the first quarter. US Bancorp DE now owns 7,534 shares of the business services provider’s stock worth $597,000 after buying an additional 332 shares during the period. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

TriNet Group Trading Down 0.7%

NYSE TNET opened at $57.65 on Friday. TriNet Group has a 52 week low of $54.22 and a 52 week high of $97.02. The firm has a 50 day moving average of $60.16 and a two-hundred day moving average of $67.81. The company has a quick ratio of 1.11, a current ratio of 1.11 and a debt-to-equity ratio of 8.14. The stock has a market capitalization of $2.77 billion, a PE ratio of 21.27 and a beta of 0.84.

TriNet Group (NYSE:TNET) last announced its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.72 by $0.39. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $261.92 million. TriNet Group had a net margin of 2.64% and a return on equity of 212.38%. The company’s revenue was down 1.6% on a year-over-year basis. During the same period last year, the business earned $1.17 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. As a group, research analysts expect that TriNet Group will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The business also recently declared 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 1.9%. The ex-dividend date was Wednesday, October 1st. TriNet Group’s dividend payout ratio (DPR) is currently 40.59%.

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.