TriNet Group, Inc. (TNET) - What Are Analysts Saying About This Stock?

Key Points

• Analysts have a “Hold” consensus on TriNet, with five of seven analysts rating it Hold, one Buy and one Sell; the average 12-month price target is $60.83.
• TriNet reported quarterly EPS of $0.94, beating the $0.60 estimate, while revenue of $1.18 billion matched expectations and declined 4.6% year over year.
• Company insiders sold 4,243 shares worth about $294,937 over the last quarter; institutional investors own 96.81% of the stock.

TriNet Group, Inc. (NYSE:TNET - Get Free Report) has earned a consensus recommendation of "Hold" from the seven analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has issued a buy rating on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $60.83.

TNET has been the topic of several recent research reports. TD Cowen lowered their price objective on TriNet Group from $66.00 to $65.00 and set a "hold" rating on the stock in a research report on Friday, October 30th. Needham & Company LLC set a $65.00 target price on shares of TriNet Group in a research report on Friday, October 30th. Weiss Ratings upgraded shares of TriNet Group from a "hold (c-)" rating to a "hold (c)" rating in a research note on Friday, October 9th. Truist Financial raised their price target on shares of TriNet Group from $50.00 to $62.00 and gave the stock a "hold" rating in a research report on Wednesday, July 22nd. Finally, JPMorgan Chase & Co. lifted their price objective on shares of TriNet Group from $45.00 to $50.00 and gave the stock an "underweight" rating in a research note on Friday, July 31st.

Insiders Place Their Bets

In related news, Director Paul Chamberlain sold 2,400 shares of the business's stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $69.70, for a total transaction of $167,280.00. Following the sale, the director owned 40,175 shares in the company, valued at $2,800,197.50. The trade was a 5.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Anthony Shea Treadway sold 1,068 shares of the company's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $69.80, for a total value of $74,546.40. Following the completion of the transaction, the senior vice president directly owned 65,506 shares of the company's stock, valued at approximately $4,572,318.80. The trade was a 1.60% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 4,243 shares of company stock valued at $294,937. 40.00% of the stock is currently owned by insiders.

Institutional Trading of TriNet Group

Hedge funds and other institutional investors have recently made changes to their positions in the company. Fortitude Family Office LLC lifted its holdings in TriNet Group by 473.3% during the 3rd quarter. Fortitude Family Office LLC now owns 602 shares of the business services provider's stock worth $38,000 after buying an additional 497 shares during the period. Sterling Capital Management LLC increased its stake in shares of TriNet Group by 851.0% in the third quarter. Sterling Capital Management LLC now owns 932 shares of the business services provider's stock valued at $58,000 after buying an additional 834 shares during the period. Essential Partners LLC increased its stake in shares of TriNet Group by 427.4% in the first quarter. Essential Partners LLC now owns 944 shares of the business services provider's stock valued at $34,000 after buying an additional 765 shares during the period. Nykredit A S bought a new position in shares of TriNet Group during the second quarter worth about $55,000. Finally, IFP Advisors Inc raised its position in shares of TriNet Group by 424.3% during the second quarter. IFP Advisors Inc now owns 1,164 shares of the business services provider's stock worth $58,000 after acquiring an additional 942 shares during the last quarter. 96.81% of the stock is currently owned by institutional investors.

TriNet Group Stock Performance

TNET traded up $0.51 during trading hours on Friday, reaching $65.85. The company's stock had a trading volume of 163,074 shares, compared to its average volume of 367,723. TriNet Group has a 52 week low of $33.60 and a 52 week high of $76.59. The company's 50-day moving average is $67.01 and its 200-day moving average is $53.78. The company has a debt-to-equity ratio of 6.74, a quick ratio of 1.14 and a current ratio of 1.14. The firm has a market cap of $3.02 billion, a PE ratio of 17.85 and a beta of 0.98.

TriNet Group (NYSE:TNET - Get Free Report) last posted its earnings results on Thursday, October 29th. The business services provider reported $0.94 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.60 by $0.34. The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.18 billion. TriNet Group had a net margin of 3.56% and a return on equity of 202.90%. TriNet Group's quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $1.11 EPS. On average, equities analysts forecast that TriNet Group will post 3.95 EPS for the current year.

TriNet Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, October 26th. Investors of record on Thursday, October 1st were paid a $0.29 dividend. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $1.16 annualized dividend and a yield of 1.8%. TriNet Group's dividend payout ratio is presently 31.44%.

TriNet Group Company Profile

TriNet Group, Inc. provides human resources solutions to small and midsize businesses in the United States. Through a professional employer organization (PEO) model, the company helps clients manage employment-related administration and access services that may otherwise be difficult to provide in-house. Its offerings include payroll processing and tax administration, employee benefits, workers' compensation and risk management, and support with employment-related compliance. TriNet also provides HR technology and guidance intended to help businesses manage employee information and workplace processes.

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