Analysts Set TriNet Group, Inc. (NYSE:TNET) PT at $63.50

TriNet Group, Inc. (NYSE:TNET) has been assigned an average recommendation of “Reduce” from the seven brokerages that are currently covering the stock, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating and five have issued a hold rating on the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $63.50.

A number of analysts have recently commented on TNET shares. UBS Group reduced their price target on shares of TriNet Group from $69.00 to $63.00 and set a “neutral” rating for the company in a research note on Thursday, October 30th. JPMorgan Chase & Co. cut their target price on shares of TriNet Group from $75.00 to $65.00 and set an “underweight” rating for the company in a research report on Thursday, October 30th. Zacks Research cut TriNet Group from a “strong-buy” rating to a “hold” rating in a report on Monday, December 29th. Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday. Finally, Truist Financial assumed coverage on TriNet Group in a research report on Friday, December 5th. They set a “hold” rating and a $62.00 price objective for the company.

TriNet Group Stock Down 1.1%

TriNet Group stock opened at $62.89 on Monday. TriNet Group has a 12 month low of $54.22 and a 12 month high of $97.02. The stock has a fifty day simple moving average of $59.19 and a two-hundred day simple moving average of $63.15. The company has a current ratio of 1.11, a quick ratio of 1.11 and a debt-to-equity ratio of 8.14. The firm has a market cap of $3.02 billion, a price-to-earnings ratio of 23.21 and a beta of 0.82.

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

TriNet Group Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, January 26th. Shareholders of record on Friday, January 2nd will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Friday, January 2nd. This represents a $1.10 annualized dividend and a yield of 1.7%. TriNet Group’s payout ratio is currently 40.59%.

Insider Activity

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction that occurred on Friday, January 9th. The stock was sold at an average price of $61.86, for a total value of $47,941.50. Following the completion of the transaction, the senior vice president directly owned 19,853 shares in the company, valued at $1,228,106.58. This represents a 3.76% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Anthony Shea Treadway sold 459 shares of the firm’s stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $54.52, for a total transaction of $25,024.68. Following the transaction, the senior vice president directly owned 28,224 shares of the company’s stock, valued at $1,538,772.48. The trade was a 1.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 3,398 shares of company stock worth $197,279 in the last quarter. Corporate insiders own 38.10% of the company’s stock.

Institutional Investors Weigh In On TriNet Group

A number of hedge funds have recently made changes to their positions in TNET. Verdence Capital Advisors LLC grew its holdings in TriNet Group by 3.0% during the 2nd quarter. Verdence Capital Advisors LLC now owns 6,481 shares of the business services provider’s stock valued at $474,000 after buying an additional 188 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in shares of 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 acquiring an additional 216 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in shares of TriNet Group by 106.0% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider’s stock valued at $30,000 after acquiring an additional 229 shares during the last quarter. Quantinno Capital Management LP grew 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 purchasing an additional 317 shares in the last quarter. Finally, CWM LLC increased its position in TriNet Group by 140.5% in the second quarter. CWM LLC now owns 582 shares of the business services provider’s stock worth $43,000 after purchasing an additional 340 shares during the last quarter. 96.81% of the stock is currently owned by hedge funds and other institutional investors.

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.