TriNet Group (NYSE:TNET) Shares Break Below Fifty Day Moving Average - Should You Sell?

Key Points

• TriNet Group shares fell below their 50-day moving average, trading as low as $62.93 versus the $67.68 average, with the latest price near $64.07.
• Analyst sentiment is broadly cautious: the stock has an overall “Hold” rating from MarketBeat, with five Holds, one Buy and one Sell, and an average price target of $56.80.
• Despite the technical weakness, TriNet beat quarterly earnings expectations, reporting $1.55 in EPS versus $0.93 expected, and announced a quarterly dividend of $0.29 per share, yielding about 1.8%.

TriNet Group, Inc. (NYSE:TNET - Get Free Report)'s share price passed below its fifty day moving average during trading on Monday. The stock has a fifty day moving average of $67.68 and traded as low as $62.93. TriNet Group shares last traded at $64.0660, with a volume of 396,458 shares.

Analysts Set New Price Targets

A number of analysts have recently weighed in on the company. Truist Financial upped their target price on TriNet Group from $50.00 to $62.00 and gave the company a "hold" rating in a research report on Wednesday, July 22nd. TD Cowen raised their price target on TriNet Group from $46.00 to $49.00 and gave the stock a "hold" rating in a research report on Friday, June 26th. Zacks Research downgraded TriNet Group from a "strong-buy" rating to a "hold" rating in a research note on Friday, July 3rd. JPMorgan Chase & Co. boosted their price target on TriNet Group from $45.00 to $50.00 and gave the company an "underweight" rating in a research note on Friday, July 31st. Finally, Weiss Ratings raised shares of TriNet Group from a "sell (d+)" rating to a "hold (c-)" rating in a research report on Tuesday, August 25th. One equities research analyst has rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $56.80.

TriNet Group Trading Up 1.3%

The business's 50 day simple moving average is $67.68 and its two-hundred day simple moving average is $53.19. The stock has a market cap of $2.94 billion, a P/E ratio of 17.13 and a beta of 0.99. The company has a quick ratio of 1.13, a current ratio of 1.13 and a debt-to-equity ratio of 7.17.

TriNet Group (NYSE:TNET - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The business services provider reported $1.55 EPS for the quarter, beating analysts' consensus estimates of $0.93 by $0.62. TriNet Group had a return on equity of 227.28% and a net margin of 3.58%.The company had revenue of $1.18 billion during the quarter, compared to analysts' expectations of $1.18 billion. During the same period in the prior year, the company earned $1.15 EPS. TriNet Group has set its FY 2026 guidance at 4.500-5.100 EPS. As a group, analysts expect that TriNet Group, Inc. will post 3.87 EPS for the current year.

TriNet Group Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, October 26th. Shareholders of record on Thursday, October 1st will be given a $0.29 dividend. The ex-dividend date is Thursday, October 1st. This represents a $1.16 annualized dividend and a yield of 1.8%. TriNet Group's dividend payout ratio (DPR) is currently 31.02%.

Insider Transactions at TriNet Group

In related news, SVP Anthony Shea Treadway sold 1,068 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were 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 owned 65,506 shares in the company, valued at $4,572,318.80. This trade represents a 1.60% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Wayne B. Lowell sold 5,773 shares of TriNet Group stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $68.71, for a total transaction of $396,662.83. Following the sale, the director owned 86,449 shares in the company, valued at approximately $5,939,910.79. This represents a 6.26% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 10,016 shares of company stock valued at $691,600. Company insiders own 40.00% of the company's stock.

Hedge Funds Weigh In On TriNet Group

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Caitong International Asset Management Co. Ltd grew its position in shares of TriNet Group by 160.3% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 479 shares of the business services provider's stock valued at $28,000 after purchasing an additional 295 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of TriNet Group by 63.6% during the 2nd quarter. GAMMA Investing LLC now owns 1,350 shares of the business services provider's stock valued at $67,000 after purchasing an additional 525 shares during the period. PNC Financial Services Group Inc. lifted its holdings in TriNet Group by 19.6% during the 1st quarter. PNC Financial Services Group Inc. now owns 4,113 shares of the business services provider's stock worth $150,000 after purchasing an additional 675 shares in the last quarter. Essential Partners LLC boosted its stake in TriNet Group by 427.4% in the 1st quarter. Essential Partners LLC now owns 944 shares of the business services provider's stock worth $34,000 after purchasing an additional 765 shares during the period. Finally, IFP Advisors Inc boosted its stake in TriNet Group by 424.3% in the 2nd quarter. IFP Advisors Inc now owns 1,164 shares of the business services provider's stock worth $58,000 after purchasing an additional 942 shares during the period. 96.81% of the stock is currently owned by institutional investors and hedge funds.

TriNet Group Company Profile

TriNet Group, Inc is a professional employer organization (PEO) and human resources services company that helps small and midsize businesses manage employment-related administrative responsibilities. Through its co-employment model, TriNet supports clients with payroll administration, employee benefits, human capital management and regulatory compliance.

The company offers cloud-based solutions covering human resources, payroll, time and attendance, talent management, benefits administration and workforce analytics.

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