Zacks Research Upgrades TriNet Group (NYSE:TNET) to Hold
by Teresa Graham · The Cerbat GemTriNet Group (NYSE:TNET – Get Free Report) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research report issued to clients and investors on Monday,Zacks.com reports.
Several other research analysts also recently weighed in on the stock. TD Cowen decreased their target price on shares of TriNet Group from $65.00 to $64.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. 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, Weiss Ratings restated a “sell (d+)” rating on shares of TriNet Group in a research note on Wednesday, January 21st. One analyst has rated the stock with a Buy rating, four have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Reduce” and a consensus price target of $65.80.
Read Our Latest Stock Report on TriNet Group
TriNet Group Stock Up 2.1%
Shares of TNET stock traded up $0.81 on Monday, hitting $38.52. The stock had a trading volume of 42,190 shares, compared to its average volume of 532,288. The firm has a market capitalization of $1.82 billion, a price-to-earnings ratio of 12.26 and a beta of 0.87. The stock’s 50 day moving average is $39.47 and its 200-day moving average is $52.78. The company has a debt-to-equity ratio of 16.57, a quick ratio of 1.09 and a current ratio of 1.09. TriNet Group has a 52-week low of $33.60 and a 52-week high of $88.56.
TriNet Group (NYSE:TNET – Get Free Report) last announced its earnings results on Thursday, February 12th. The business services provider reported $0.46 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.09. The business had revenue of $1.25 billion during the quarter, compared to the consensus estimate of $251.57 million. TriNet Group had a net margin of 3.09% and a return on equity of 215.01%. The business’s quarterly revenue was down 2.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.44 earnings per share. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, research analysts expect that TriNet Group will post 3.04 earnings per share for the current year.
TriNet Group announced that its board has initiated a stock repurchase plan on Thursday, February 12th that authorizes the company to repurchase $400.00 million in outstanding shares. This repurchase authorization authorizes the business services provider to purchase up to 18.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its stock is undervalued.
Insider Transactions at TriNet Group
In related news, SVP Sidney A. Majalya sold 775 shares of the company’s stock in a transaction on Wednesday, April 1st. The shares were sold at an average price of $37.02, for a total value of $28,690.50. Following the sale, the senior vice president directly owned 55,750 shares of the company’s stock, valued at $2,063,865. This represents a 1.37% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 37.10% of the stock is owned by corporate insiders.
Institutional Trading of TriNet Group
A number of institutional investors and hedge funds have recently modified their holdings of TNET. Massachusetts Financial Services Co. MA boosted its holdings in shares of TriNet Group by 19.7% in the 3rd 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 buying an additional 387,940 shares during the period. Boston Partners bought a new stake in shares of TriNet Group during the 3rd quarter valued at about $97,712,000. American Century Companies Inc. grew its position in shares of TriNet Group by 14.4% during the 3rd quarter. American Century Companies Inc. now owns 1,327,636 shares of the business services provider’s stock valued at $88,806,000 after buying an additional 167,599 shares during the last quarter. Earnest Partners LLC grew its position in shares of TriNet Group by 3.4% during the 4th quarter. Earnest Partners LLC now owns 898,319 shares of the business services provider’s stock valued at $53,118,000 after buying an additional 29,613 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of TriNet Group by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 893,701 shares of the business services provider’s stock valued at $52,845,000 after buying an additional 5,036 shares during the last quarter. 96.81% of the stock is owned by institutional investors and hedge funds.
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.