Brokerages Set TriNet Group, Inc. (NYSE:TNET) Target Price at $63.50

Shares of TriNet Group, Inc. (NYSE:TNET) have been assigned an average rating of “Reduce” from the eight research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and one has given a buy rating to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $65.80.

Several analysts have commented on TNET shares. Truist Financial started coverage on TriNet Group in a research note on Friday, December 5th. They set a “hold” rating and a $62.00 target price on the stock. Zacks Research cut shares of TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. UBS Group dropped their target price on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating on the stock in a report on Thursday, October 30th. Stifel Nicolaus decreased 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. Finally, JPMorgan Chase & Co. lowered their price target on TriNet Group from $75.00 to $65.00 and set an “underweight” rating on the stock in a report on Thursday, October 30th.

Insider Transactions at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of the firm’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $61.86, for a total value of $47,941.50. Following the transaction, the senior vice president owned 19,853 shares of the company’s stock, valued at approximately $1,228,106.58. This trade represents a 3.76% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the company’s stock in a transaction that occurred on Tuesday, November 25th. The shares were sold at an average price of $57.51, for a total transaction of $82,641.87. Following the sale, the chief technology officer directly owned 27,922 shares of the company’s stock, valued at approximately $1,605,794.22. This represents a 4.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders have sold 2,339 shares of company stock valued at $137,568. Corporate insiders own 37.10% of the company’s stock.

Institutional Trading of TriNet Group

Several hedge funds have recently bought and sold shares of TNET. Massachusetts Financial Services Co. MA raised its stake in TriNet Group by 19.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,353,004 shares of the business services provider’s stock valued at $157,392,000 after purchasing an additional 387,940 shares in the last quarter. Hsbc Holdings PLC raised its position in shares of TriNet Group by 758.6% during the 2nd quarter. Hsbc Holdings PLC now owns 35,247 shares of the business services provider’s stock valued at $2,563,000 after buying an additional 31,142 shares in the last quarter. Heron Bay Capital Management grew its position in TriNet Group by 28.2% in the second quarter. Heron Bay Capital Management now owns 78,620 shares of the business services provider’s stock worth $5,750,000 after acquiring an additional 17,287 shares in the last quarter. Entropy Technologies LP purchased a new stake in TriNet Group during the second quarter valued at approximately $492,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of TriNet Group in the 2nd quarter valued at approximately $1,098,000. Institutional investors own 96.81% of the company’s stock.

TriNet Group Stock Performance

Shares of TriNet Group stock opened at $41.63 on Friday. TriNet Group has a 1 year low of $38.61 and a 1 year high of $88.56. The firm’s 50-day moving average is $57.83 and its 200 day moving average is $61.35. The stock has a market cap of $1.97 billion, a price-to-earnings ratio of 13.17 and a beta of 0.81. The company has a debt-to-equity ratio of 16.57, a current ratio of 1.09 and a quick ratio of 1.09.

TriNet Group (NYSE:TNET) last issued its earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.37 by $0.09. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. The business had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $251.57 million. During the same period in the previous year, the company earned $0.44 earnings per share. The business’s revenue for the quarter was down 2.3% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. Sell-side analysts anticipate that TriNet Group will post 3.04 EPS for the current fiscal year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, January 26th. Shareholders of record on Friday, January 2nd were issued a $0.275 dividend. The ex-dividend date of this dividend was Friday, January 2nd. This represents a $1.10 dividend on an annualized basis and a yield of 2.6%. TriNet Group’s dividend payout ratio is currently 34.81%.

TriNet Group declared that its Board of Directors has initiated a stock repurchase program on Thursday, February 12th that permits the company to repurchase $400.00 million in outstanding shares. This repurchase authorization permits the business services provider to repurchase up to 18.4% of its shares through open market purchases. Shares repurchase programs are usually a sign that the company’s board believes its stock is undervalued.

TriNet Group Company Profile

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.