TriNet Group (NYSE:TNET) Given "Sell (D+)" Rating at Weiss Ratings

Key Points

• TriNet Group's stock has been given a "Sell (D+)" rating by Weiss Ratings, with JPMorgan also reducing its target price from $76.00 to $75.00, indicating a bearish outlook.
• The company's stock price reached $64.88 after a slight increase during mid-day trading, with a market capitalization of approximately $3.15 billion.
• TriNet Group reported $1.15 EPS in its latest earnings call, surpassing estimates, and has set FY 2025 guidance between 3.250-4.750 EPS.

TriNet Group (NYSE:TNET - Get Free Report)'s stock had its "sell (d+)" rating reiterated by investment analysts at Weiss Ratings in a report issued on Wednesday,Weiss Ratings reports.

Separately, JPMorgan Chase & Co. reduced their target price on shares of TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. Two investment analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Reduce" and an average target price of $96.33.

TriNet Group Stock Up 0.3%

TriNet Group stock traded up $0.19 during mid-day trading on Wednesday, reaching $64.88. 341,322 shares of the company's stock were exchanged, compared to its average volume of 435,184. The company has a market cap of $3.15 billion, a P/E ratio of 22.30 and a beta of 0.79. TriNet Group has a twelve month low of $62.55 and a twelve month high of $99.78. The company has a quick ratio of 1.10, a current ratio of 1.10 and a debt-to-equity ratio of 8.36. The company has a fifty day moving average of $67.38 and a 200-day moving average of $73.54.

TriNet Group (NYSE:TNET - Get Free Report) last released its earnings results on Friday, July 25th. The business services provider reported $1.15 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.03 by $0.12. The company had revenue of $282.90 million for the quarter, compared to analyst estimates of $278.93 million. TriNet Group had a net margin of 2.85% and a return on equity of 208.35%. During the same period in the prior year, the business earned $1.53 EPS. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. Sell-side analysts expect that TriNet Group will post 3.04 EPS for the current year.

Insider Buying and Selling

In other TriNet Group news, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were sold at an average price of $64.18, for a total value of $38,508.00. Following the sale, the director directly owned 38,440 shares of the company's stock, valued at approximately $2,467,079.20. This represents a 1.54% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction that occurred on Wednesday, October 1st. The shares were sold at an average price of $65.93, for a total transaction of $51,095.75. Following the completion of the sale, the senior vice president directly owned 20,933 shares in the company, valued at approximately $1,380,112.69. This represents a 3.57% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 9,170 shares of company stock worth $611,708. Corporate insiders own 37.10% of the company's stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the stock. CWM LLC grew its position in shares of TriNet Group by 140.5% in the 2nd quarter. CWM LLC now owns 582 shares of the business services provider's stock valued at $43,000 after buying an additional 340 shares during the last quarter. Hilltop National Bank purchased a new position in shares of TriNet Group in the 2nd quarter valued at $43,000. PNC Financial Services Group Inc. grew its position in shares of TriNet Group by 58.4% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,291 shares of the business services provider's stock valued at $182,000 after buying an additional 845 shares during the last quarter. AlphaQuest LLC grew its position in shares of TriNet Group by 633.5% in the 1st quarter. AlphaQuest LLC now owns 2,472 shares of the business services provider's stock valued at $196,000 after buying an additional 2,135 shares during the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of TriNet Group in the 1st quarter valued at $206,000. 96.81% of the stock is owned by hedge funds and other institutional investors.

About TriNet Group

TriNet Group, Inc provides comprehensive and flexible human capital management services for small and medium size businesses in the United States. The company offers multi-state payroll processing and tax administration; employee benefits programs, including health insurance and retirement plans; workers compensation insurance and claims management; employment and benefits law compliance; and other HR related services.

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