TriNet Group (NYSE:TNET) Share Price Passes Below 200 Day Moving Average - Here's What Happened

Key Points

• Price dropped below its 200‑day moving average: TriNet shares fell as low as $58.01 and last traded at $58.22, under the 200‑day MA of $65.95, on volume of about 1.06 million shares.
• Mixed analyst sentiment with a "Hold" consensus: One analyst has a Strong Buy, four are Hold and two are Sell, giving an average rating of "Hold" and an average target of $66, despite recent target cuts from UBS and JPMorgan and an upgrade from Zacks.
• Solid quarter and shareholder return actions: TriNet reported $1.11 EPS (beating estimates) with revenue slightly down year‑over‑year, set FY2025 guidance of $3.25–4.75 EPS, and announced a $0.275 quarterly dividend (about a 1.9% yield).

TriNet Group, Inc. (NYSE:TNET - Get Free Report)'s share price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $65.95 and traded as low as $58.01. TriNet Group shares last traded at $58.22, with a volume of 1,056,066 shares trading hands.

Analyst Upgrades and Downgrades

A number of research firms recently commented on TNET. Weiss Ratings reiterated a "sell (d+)" rating on shares of TriNet Group in a report on Wednesday, October 8th. Zacks Research raised TriNet Group from a "hold" rating to a "strong-buy" rating in a research note on Monday, November 3rd. UBS Group cut their price objective on TriNet Group from $69.00 to $63.00 and set a "neutral" rating for the company in a research report on Thursday, October 30th. Truist Financial initiated coverage on shares of TriNet Group in a report on Friday, December 5th. They issued a "hold" rating and a $62.00 price objective on the stock. Finally, JPMorgan Chase & Co. lowered their target price on shares of TriNet Group from $75.00 to $65.00 and set an "underweight" rating for the company in a research note on Thursday, October 30th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $66.00.

TriNet Group Stock Performance

The company has a market capitalization of $2.80 billion, a price-to-earnings ratio of 21.48 and a beta of 0.84. The company has a debt-to-equity ratio of 8.14, a quick ratio of 1.11 and a current ratio of 1.11. The firm has a 50-day simple moving average of $58.63 and a two-hundred day simple moving average of $65.95.

TriNet Group (NYSE:TNET - Get Free Report) last posted its quarterly earnings data on Wednesday, October 29th. The business services provider reported $1.11 EPS for the quarter, beating the consensus estimate of $0.72 by $0.39. TriNet Group had a net margin of 2.64% and a return on equity of 212.38%. The business had revenue of $1.23 billion during the quarter, compared to analyst estimates of $261.92 million. During the same quarter last year, the firm posted $1.17 earnings per share. The business's revenue for the quarter was down 1.6% compared to the same quarter last year. TriNet Group has set its FY 2025 guidance at 3.250-4.750 EPS. On average, sell-side analysts anticipate that TriNet Group, Inc. will post 3.04 EPS for the current fiscal year.

TriNet Group Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, January 26th. Investors of record on Friday, January 2nd will be paid a dividend of $0.275 per share. This represents a $1.10 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend is Friday, January 2nd. TriNet Group's payout ratio is presently 40.59%.

Insider Buying and Selling

In other news, SVP Anthony Shea Treadway sold 459 shares of the firm's stock in a transaction on Tuesday, November 18th. The shares were sold at an average price of $54.52, for a total value of $25,024.68. Following the sale, the senior vice president directly owned 28,224 shares in the company, valued at approximately $1,538,772.48. This trade represents a 1.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Paul Edward Chamberlain sold 600 shares of the stock in a transaction on Thursday, November 6th. The shares were sold at an average price of $57.81, for a total value of $34,686.00. Following the completion of the transaction, the director directly owned 37,840 shares in the company, valued at $2,187,530.40. This trade represents a 1.56% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 3,398 shares of company stock worth $200,433 over the last 90 days. 38.10% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On TriNet Group

Institutional investors have recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its stake in TriNet Group by 106.0% in the third 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 during the last quarter. Quarry LP boosted its holdings 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 buying an additional 383 shares in the last quarter. Hilltop National Bank purchased a new position in shares of TriNet Group in the 2nd quarter valued at $43,000. CWM LLC raised its stake in TriNet Group by 140.5% during the 2nd quarter. CWM LLC now owns 582 shares of the business services provider's stock worth $43,000 after acquiring an additional 340 shares in the last quarter. Finally, Steigerwald Gordon & Koch Inc. purchased a new stake in TriNet Group in the third quarter valued at $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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