Brokerages Set TriNet Group, Inc. (NYSE:TNET) Target Price at $55.20

TriNet Group, Inc. (NYSE:TNET) has been given an average recommendation of “Hold” by the seven research firms that are presently covering the company, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, one has given a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $55.20.

TNET has been the topic of a number of analyst reports. Zacks Research upgraded TriNet Group from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, May 12th. UBS Group reduced their price target on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research report on Tuesday, May 5th. TD Cowen upped their price target on TriNet Group from $40.00 to $46.00 and gave the company a “hold” rating in a research report on Friday, May 1st. Weiss Ratings upgraded TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Finally, JPMorgan Chase & Co. upped their price target on TriNet Group from $43.00 to $45.00 and gave the company an “underweight” rating in a research report on Friday, May 1st.

Insider Transactions at TriNet Group

In other news, SVP Sidney A. Majalya sold 775 shares of the business’s stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total value of $28,690.50. Following the transaction, the senior vice president directly owned 55,750 shares of the company’s stock, valued at $2,063,865. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Anthony Shea Treadway sold 933 shares of the business’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total value of $40,548.18. Following the completion of the transaction, the senior vice president directly owned 67,678 shares in the company, valued at $2,941,285.88. This represents a 1.36% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in TNET. Boston Partners acquired a new position in shares of TriNet Group in the 3rd quarter valued at about $97,712,000. Northwestern Mutual Wealth Management Co. raised its stake in TriNet Group by 5,911,158.3% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 709,351 shares of the business services provider’s stock worth $41,944,000 after buying an additional 709,339 shares during the period. Norges Bank acquired a new position in TriNet Group during the 4th quarter worth approximately $28,266,000. Millennium Management LLC raised its stake in TriNet Group by 1,047.5% during the 4th quarter. Millennium Management LLC now owns 468,030 shares of the business services provider’s stock worth $27,675,000 after buying an additional 427,242 shares during the period. Finally, Man Group plc raised its stake in TriNet Group by 286.6% during the 3rd quarter. Man Group plc now owns 468,897 shares of the business services provider’s stock worth $31,365,000 after buying an additional 347,622 shares during the period. 96.81% of the stock is owned by institutional investors and hedge funds.

TriNet Group Trading Down 4.8%

Shares of TNET stock opened at $43.12 on Thursday. The firm has a market capitalization of $1.98 billion, a P/E ratio of 12.87 and a beta of 1.01. TriNet Group has a twelve month low of $33.60 and a twelve month high of $76.09. The company has a quick ratio of 1.12, a current ratio of 1.12 and a debt-to-equity ratio of 10.80. The stock’s fifty day simple moving average is $42.93 and its 200 day simple moving average is $47.23.

TriNet Group (NYSE:TNET) last issued its quarterly earnings data on Thursday, April 30th. The business services provider reported $2.48 earnings per share for the quarter, topping analysts’ consensus estimates of $1.84 by $0.64. The business had revenue of $1.23 billion for the quarter, compared to analyst estimates of $1.08 billion. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.TriNet Group’s quarterly revenue was down 5.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.99 EPS. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, sell-side analysts predict that TriNet Group will post 3.55 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 27th. Shareholders of record on Wednesday, July 1st will be given a $0.29 dividend. This represents a $1.16 dividend on an annualized basis and a dividend yield of 2.7%. The ex-dividend date is Wednesday, July 1st. TriNet Group’s payout ratio is 34.63%.

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.