TriNet Group (NYSE:TNET) Price Target Lowered to $48.00 at UBS Group

Key Points

• UBS Group cut its price target on TriNet from $62 to $48 and maintained a neutral rating, with the new target implying roughly a 16.7% upside from the prior close.
• TriNet topped quarterly estimates (EPS $2.48 vs. $1.84; revenue $1.23B vs. $1.08B), provided FY2026 EPS guidance of 3.700–4.700, and authorized a $400M share buyback (up to 18.4% of shares).

TriNet Group (NYSE:TNET - Get Free Report) had its target price lowered by UBS Group from $62.00 to $48.00 in a research note issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the business services provider's stock. UBS Group's price target points to a potential upside of 16.67% from the company's previous close.

Other analysts have also recently issued research reports about the company. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TriNet Group in a research report on Wednesday, January 21st. TD Cowen lifted their price target on TriNet Group from $40.00 to $46.00 and gave the stock a "hold" rating in a research report on Friday. Zacks Research raised TriNet Group from a "strong sell" rating to a "hold" rating in a report on Monday, April 13th. JPMorgan Chase & Co. boosted their price objective on TriNet Group from $43.00 to $45.00 and gave the company an "underweight" rating in a report on Friday. Finally, Stifel Nicolaus decreased their price objective on TriNet Group from $97.00 to $75.00 and set a "buy" rating for the company in a report on Friday, February 13th. One analyst has rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Reduce" and an average price target of $55.20.

TriNet Group Stock Performance

TNET traded down $1.80 on Tuesday, reaching $41.14. 126,919 shares of the stock were exchanged, compared to its average volume of 514,817. The company's 50-day moving average price is $37.92 and its 200 day moving average price is $50.74. TriNet Group has a fifty-two week low of $33.60 and a fifty-two week high of $86.78. The company has a debt-to-equity ratio of 10.80, a current ratio of 1.12 and a quick ratio of 1.12. The firm has a market capitalization of $1.90 billion, a PE ratio of 12.30 and a beta of 1.02.

TriNet Group (NYSE:TNET - Get Free Report) last issued its quarterly earnings results on Thursday, April 30th. The business services provider reported $2.48 EPS for the quarter, topping analysts' consensus estimates of $1.84 by $0.64. TriNet Group had a return on equity of 219.54% and a net margin of 3.22%.The company had revenue of $1.23 billion during the quarter, compared to analysts' expectations of $1.08 billion. During the same quarter in the previous year, the firm posted $1.99 EPS. The firm's revenue was down 5.1% compared to the same quarter last year. TriNet Group has set its FY 2026 guidance at 3.700-4.700 EPS. As a group, sell-side analysts forecast that TriNet Group will post 3.17 EPS for the current fiscal year.

TriNet Group declared that its Board of Directors has authorized a stock buyback plan on Thursday, February 12th that allows the company to repurchase $400.00 million in shares. This repurchase authorization allows the business services provider to reacquire up to 18.4% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.

Insider Buying and Selling at TriNet Group

In related news, SVP Sidney A. Majalya sold 775 shares of TriNet Group stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $37.02, for a total value of $28,690.50. Following the completion of the transaction, the senior vice president owned 55,750 shares in the company, valued at $2,063,865. The trade was a 1.37% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 40.00% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On TriNet Group

Institutional investors and hedge funds have recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. increased its stake in shares of TriNet Group by 106.0% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 445 shares of the business services provider's stock valued at $30,000 after purchasing an additional 229 shares in the last quarter. Quarry LP increased its stake in shares of TriNet Group by 524.7% in the 3rd quarter. Quarry LP now owns 456 shares of the business services provider's stock valued at $31,000 after purchasing an additional 383 shares in the last quarter. Aster Capital Management DIFC Ltd purchased a new position in shares of TriNet Group in the 4th quarter valued at about $28,000. Caitong International Asset Management Co. Ltd increased its stake in shares of TriNet Group by 160.3% in the 4th 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. Finally, Steigerwald Gordon & Koch Inc. purchased a new position in shares of TriNet Group in the 3rd quarter valued at about $46,000. Hedge funds and other institutional investors own 96.81% of the company's stock.

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.

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