Truist Financial Boosts TriNet Group (NYSE:TNET) Price Target to $62.00

TriNet Group (NYSE:TNET) had its price target boosted by research analysts at Truist Financial from $50.00 to $62.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a “hold” rating on the business services provider’s stock. Truist Financial’s price target indicates a potential upside of 2.70% from the stock’s previous close.

Other research analysts have also recently issued research reports about the company. Weiss Ratings raised TriNet Group from a “sell (d)” rating to a “sell (d+)” rating in a research report on Monday, May 4th. Zacks Research lowered TriNet Group from a “strong-buy” rating to a “hold” rating in a research report on Friday, July 3rd. UBS Group lowered their target price on TriNet Group from $62.00 to $48.00 and set a “neutral” rating on the stock in a research note on Tuesday, May 5th. JPMorgan Chase & Co. boosted their price target on shares of TriNet Group from $43.00 to $45.00 and gave the stock an “underweight” rating in a report on Friday, May 1st. Finally, TD Cowen boosted their price target on shares of TriNet Group from $46.00 to $49.00 and gave the stock a “hold” rating in a report on Friday, June 26th. One research analyst has rated the stock with a Buy rating, four have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Reduce” and a consensus price target of $55.80.

TriNet Group Price Performance

TriNet Group stock opened at $60.37 on Wednesday. TriNet Group has a 52 week low of $33.60 and a 52 week high of $72.84. The company’s 50 day moving average price is $49.62 and its two-hundred day moving average price is $46.66. 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 has a market cap of $2.77 billion, a P/E ratio of 18.02 and a beta of 0.99.

TriNet Group (NYSE:TNET) last released its earnings results on Thursday, April 30th. The business services provider reported $2.48 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.84 by $0.64. The company had revenue of $1.23 billion during 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% on a year-over-year basis. During the same period in the prior year, the company posted $1.99 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. On average, equities analysts predict that TriNet Group will post 3.55 earnings per share for the current year.

Insider Buying and Selling

In other TriNet Group news, SVP Anthony Shea Treadway sold 933 shares of the company’s stock in a transaction dated Tuesday, May 19th. The shares were sold at an average price of $43.46, for a total transaction of $40,548.18. Following the sale, the senior vice president directly owned 67,678 shares of the company’s stock, valued at $2,941,285.88. This represents a 1.36% decrease in their ownership of the stock. The transaction 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. 40.00% of the stock is currently owned by company insiders.

Institutional Trading of TriNet Group

Several hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd boosted its holdings in TriNet Group by 160.3% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider’s stock worth $28,000 after buying an additional 295 shares during the period. Aster Capital Management DIFC Ltd purchased a new position in TriNet Group in the 4th quarter valued at approximately $28,000. Quarry LP raised its holdings in TriNet Group by 524.7% during the 3rd quarter. Quarry LP now owns 456 shares of the business services provider’s stock valued at $31,000 after acquiring an additional 383 shares during the period. Essential Partners LLC raised its holdings in TriNet Group by 427.4% during the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider’s stock valued at $34,000 after acquiring an additional 765 shares during the period. Finally, Cache Advisors LLC bought a new stake in TriNet Group during the 1st quarter valued at $36,000. Institutional investors own 96.81% of the company’s stock.

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.