TriNet Group (NYSE:TNET) Reaches New 12-Month Low - Should You Sell?

Key Points

• TriNet Group's shares have hit a new 12-month low, trading at $60.89, down from a previous close of $62.94.
• Analysts have a consensus rating of "Reduce" with a target price of $96.33, while Weiss Ratings maintains a "sell (d+)" rating on the stock.
• The company recently declared a quarterly dividend of $0.275 per share, indicating a yield of 1.8% and a payout ratio of 37.80%.

Shares of TriNet Group, Inc. (NYSE:TNET - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $60.89 and last traded at $61.00, with a volume of 369739 shares changing hands. The stock had previously closed at $62.94.

Analyst Ratings Changes

A number of equities research analysts have issued reports on TNET shares. Weiss Ratings reaffirmed a "sell (d+)" rating on shares of TriNet Group in a research report on Wednesday, October 8th. JPMorgan Chase & Co. dropped their price objective on TriNet Group from $76.00 to $75.00 and set an "underweight" rating on the stock in a report on Monday, July 28th. Two research analysts have rated the stock with a Hold rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat, TriNet Group presently has a consensus rating of "Reduce" and a consensus target price of $96.33.

TriNet Group Trading Down 3.1%

The firm has a market cap of $2.96 billion, a PE ratio of 20.96 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. The business has a fifty day moving average price of $67.19 and a 200 day moving average price of $72.95.

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

TriNet Group Announces Dividend

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

Insider Activity

In related news, Director Paul Edward Chamberlain sold 600 shares of the firm's stock in a transaction that occurred on Thursday, August 7th. The stock was sold at an average price of $64.18, for a total transaction of $38,508.00. Following the transaction, the director owned 38,440 shares in the company, valued at $2,467,079.20. This trade represents a 1.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CTO Jeffery Jon Hayward sold 1,437 shares of the firm's stock in a transaction that occurred on Monday, August 25th. The stock was sold at an average price of $68.80, for a total value of $98,865.60. Following the transaction, the chief technology officer owned 30,424 shares in the company, valued at $2,093,171.20. This represents a 4.51% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 9,170 shares of company stock worth $611,708 over the last ninety days. 38.10% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. CWM LLC grew its stake in shares of TriNet Group by 286.3% in the 3rd quarter. CWM LLC now owns 2,248 shares of the business services provider's stock valued at $150,000 after purchasing an additional 1,666 shares during the last quarter. Hunter Perkins Capital Management LLC grew its stake in shares of TriNet Group by 14.8% in the 3rd quarter. Hunter Perkins Capital Management LLC now owns 12,460 shares of the business services provider's stock valued at $833,000 after purchasing an additional 1,605 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of TriNet Group by 4.8% in the 3rd quarter. Farther Finance Advisors LLC now owns 4,672 shares of the business services provider's stock valued at $313,000 after purchasing an additional 216 shares during the last quarter. Wedge Capital Management L L P NC grew its stake in shares of TriNet Group by 4.5% in the 3rd quarter. Wedge Capital Management L L P NC now owns 32,632 shares of the business services provider's stock valued at $2,183,000 after purchasing an additional 1,395 shares during the last quarter. Finally, Voya Investment Management LLC grew its stake in shares of TriNet Group by 4.3% in the 3rd quarter. Voya Investment Management LLC now owns 42,476 shares of the business services provider's stock valued at $2,841,000 after purchasing an additional 1,745 shares during the last quarter. Hedge funds and other institutional investors own 96.81% of the company's stock.

TriNet Group Company Profile

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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