TriNet Group (NYSE:TNET) Hits New 1-Year Low - Time to Sell?

Key Points

• TriNet Group's share price has hit a new 52-week low at $62.00, reflecting a significant decrease from its previous close of $63.80.
• Despite this decline, the company reported strong quarterly earnings with an EPS of $1.15, exceeding estimates of $1.03.
• TriNet Group has announced a quarterly dividend of $0.275 per share, with a yield of 1.8%, set to be paid on October 27th.

TriNet Group, Inc. (NYSE:TNET - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as $62.30 and last traded at $62.00, with a volume of 118882 shares. The stock had previously closed at $63.80.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on TNET. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TriNet Group in a report on Wednesday. JPMorgan Chase & Co. decreased 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 analysts have rated the stock with a Hold rating and two have given a Sell rating to the company. According to MarketBeat, TriNet Group currently has an average rating of "Reduce" and an average target price of $96.33.

TriNet Group Stock Down 3.2%

The stock's fifty day moving average price is $67.29 and its 200 day moving average price is $73.42. The stock has a market cap of $3.00 billion, a P/E ratio of 21.21 and a beta of 0.79. The company has a current ratio of 1.10, a quick ratio of 1.10 and a debt-to-equity ratio of 8.36.

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

TriNet Group Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 27th. Investors of record on Wednesday, October 1st will be issued a dividend of $0.275 per share. The ex-dividend date of this dividend is Wednesday, October 1st. This represents a $1.10 annualized dividend and a dividend yield of 1.8%. TriNet Group's dividend payout ratio (DPR) is currently 37.80%.

Insider Activity at TriNet Group

In other TriNet Group news, SVP Sidney A. Majalya sold 775 shares of the stock in a transaction 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 owned 20,933 shares of the company's stock, valued at $1,380,112.69. This represents a 3.57% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Anthony Shea Treadway sold 2,583 shares of the stock in a transaction on Tuesday, August 19th. The shares were sold at an average price of $66.07, for a total transaction of $170,658.81. Following the sale, the senior vice president directly owned 29,437 shares of the company's stock, valued at $1,944,902.59. The trade was a 8.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 9,170 shares of company stock worth $611,708 in the last 90 days. Corporate insiders own 38.10% of the company's stock.

Institutional Investors Weigh In On TriNet Group

Several institutional investors have recently added to or reduced their stakes in the company. Xponance Inc. boosted its position in TriNet Group by 6.4% during the 1st quarter. Xponance Inc. now owns 2,613 shares of the business services provider's stock valued at $207,000 after buying an additional 157 shares during the period. Verdence Capital Advisors LLC lifted its position in shares of TriNet Group by 3.0% in the 2nd quarter. Verdence Capital Advisors LLC now owns 6,481 shares of the business services provider's stock worth $474,000 after purchasing an additional 188 shares during the period. Farther Finance Advisors LLC lifted its position in shares of TriNet Group by 7.0% in the 2nd quarter. Farther Finance Advisors LLC now owns 4,456 shares of the business services provider's stock worth $326,000 after purchasing an additional 291 shares during the period. Quantinno Capital Management LP lifted its position in shares of TriNet Group by 5.9% in the 2nd quarter. Quantinno Capital Management LP now owns 5,652 shares of the business services provider's stock worth $413,000 after purchasing an additional 317 shares during the period. Finally, US Bancorp DE lifted its position in shares of TriNet Group by 4.6% in the 1st quarter. US Bancorp DE now owns 7,534 shares of the business services provider's stock worth $597,000 after purchasing an additional 332 shares during the period. Hedge funds and other institutional investors own 96.81% of the company's stock.

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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